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Affluent Magazine June / July 2009

June / July 2009


Courage Goes to Work

by Bill Treasurer

The greatest economic crisis since the Great Depression. In normal times, people can be divided into two equal camps—safety seekers and opportunity seekers. When fear enters the system, such as during times of economic crisis, the safety encampment grows thick with refugees. The flight to safety hampers the very innovation and gusto needed to help businesses survive during times of economic instability. Bottom line: Safety is dangerous for business. Read More

Insurance Freedom

by Rick Jaye & Karl Huish

Many successful business owners with small- to mid-sized businesses have discovered the potential benefits of forming captive insurance companies, also known as “captives.” Captives may be one of the best business planning tools for business owners, as they can reduce insurance costs, save taxes, protect assets, and transfer business value and family wealth to future generations. Legal changes in the last five years may make this one of the most advantageous times to form a captive. Read More

Retirement Planning for the Small Business Owner

by Alex Petrenko

When it comes to small business owner retirement plans, a one-size-fits-all plan is often not the most effective option, as personal circumstances and goals can vary widely. Fortunately, the tax code allows for more flexibility in plan designs than most people are aware. However, the variety of retirement plans currently available may prove overwhelming to you, making it difficult to select a plan ideal for your situation. Read More

See How Exclusive Resorts Makes Traveling Together Better

by Madison Freeman

See How Exclusive Resorts Makes Traveling Together Better These days, time spent with loved ones is more previous than ever.  But for families who join Exclusive Resorts, quality time together is no longer a luxury.  It’s a way of life. That’s because, simply put, Exclusive Resorts makes traveling together better.  Better than booking multiple hotel rooms, buying into an inflexible timeshare or owning a second home you rarely visit.  Exclusive Resorts combines the spaciousness and elegance of private homes with the services and amenities of luxury resorts.  And that’s only the beginning. Read More

Giving to Charity? Prove It or Lose Deduction

by Bob DiQuollo, CPA

Donated property like clothing, furniture, electronics and appliances now must be in “good condition or better” to qualify for a deduction.  A receipt from a charity stating “3 boxes and 3 bags of clothing” won’t be adequate.  Provide a detailed list showing each item. Take pictures showing good condition. You have to prove that property you donated to charity wasn’t junk—so your digital camera could be your best ally if you’re audited. Read More

Chart A Course For Your Future

by Bob O’Hara, CPA

It may be a high priority for the near future or something to mull over the longer term, but the need or desire to sell their company for most business owners over the age of 50 will eventually become reality…and with the proper measures and advisers in place this critical transaction can be conducted with minimal stress. Selling or transferring a company is a process that, to be successful, requires a written plan. This plan should set your exit objectives – financial and otherwise – and document how you will achieve those goals. Read More

Breitling introduces new Chronomat B01 Chronograph

by Madison Freeman

Breitling introduces new Chronomat B01 Chronograph Breitling has added an important date in their long 125 years of watchmaking.  The Chonomat B01 is the ultimate chronograph launched by Breitling on May 28th motored by the powerful B01 movement.   This selfwinding chronograph movement entirely developed and crafted in the brand’s workshops is the company’s first 100% in-house mechanical chronograph movement. Read More

North Star Yacht Club- Legendary Waterfront Living

by Affluent Magazine

North Star Yacht Club- Legendary Waterfront Living Imagine waterfront luxury condominiums perfectly positioned only minutes away from pristine beaches, championship golf, world-class shopping and a vibrant downtown. And only a short drive away from the best of Naples, Sanibel Island and Captiva. All of this awaits at North Star Yacht Club, located along the intracoastal Caloosahatchee waterfront in North Fort Myers, Florida.
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Vista Developers offers VIP Mountain Adventure Weekends in North Carolina

by Affluent Magazine

Vista Developers offers VIP Mountain Adventure Weekends in North Carolina Are you thinking about the purchase of a home site or home in the mountains of Western North Carolina?  If so, please take advantage of this opportunity to experience the mountain lifestyle. Read More

The TEC® G-Sport- Winner of the 2009 Vesta Award for Best new Gas Barbeque

by Affluent Magazine

The TEC® G-Sport- Winner of the 2009 Vesta Award for Best new Gas Barbeque The new G-Sport, introduced by TEC® Infrared Grills, won Hearth and Home Magazine’s 2009 VESTA Award for Best New Gas Barbeque at the Home, Patio, and Barbeque Association Show in Reno. TEC’s most versatile and affordable full-size grill (retail $1499), the G-Sport employs a patent-pending, 100% infrared grilling system that has the lowest turndown of any infrared grill available today.  On low fire it smokes (200°F), on high fire it sears (800°F), and large pieces of meat cook to perfection without a rotisserie.
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