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Understanding the Importance of Power of Attorney and Other Legal Authorizations Power of Attorney (POA): A Power of Attorney is a legal document that grants someone the authority to act on your behalf in various capacities. This person, known as the "agent" or "attorney-in-fact," can make decisions related to financial, legal, and healthcare matters. Types of Power of Attorney: a. General Power of Attorney: Grants broad powers to the agent, allowing them to manage various aspects of your affairs. b. Limited or Special Power of Attorney: Specifies particular powers and is often used for specific transactions or a defined period. c. Durable Power of Attorney: Remains effective even if the principal becomes incapacitated. d. Springing Power of Attorney: Takes effect only under specific conditions, often when the principal becomes incapacitated. Importance: Enables decision-making if you are unable to do so. Facilitates seamless financial transactions and management. Ensures your wishes are honored in legal and healthcare matters. Other Authorizations: HealthCare Proxy or Medical Power of Attorney: Appoints someone to make healthcare decisions on your behalf. Ensures your medical treatment aligns with your preferences. Living Will: Outlines your healthcare preferences in specific medical situations. Guides healthcare providers and your healthcare proxy in decision-making. Financial Authorization: Authorizes specific individuals to manage financial transactions, access accounts, or conduct specific financial activities on your behalf. Considerations and Best Practices: Choose Trusted Individuals: Select agents and proxies who understand your values and preferences. Consider their ability to make decisions in your best interest. Keep Documents Updated: Regularly review and update your Power of Attorney and authorizations to reflect any changes in circumstances or preferences. Seek Legal Advice: Consult with an attorney to ensure your documents comply with state laws. Understand the implications of each type of authorization. Communicate Your Wishes: Discuss your preferences with your appointed agents, proxies, and family members. Provide clear instructions regarding your expectations and values. Conclusion: Empowering your future through Power of Attorney and other authorizations is a proactive and responsible approach to personal and financial well-being. By carefully crafting these legal instruments and communicating your wishes, you can ensure that trusted individuals will advocate for you and manage your affairs according to your values, even in challenging times. Seeking professional guidance in creating these documents is a wise step toward a secure and well-planned future. See also: https://www.irs.gov/businesses/small-businesses-self-employed/power-of-attorney-and-other-authorizations See also: The-importance-of-power-of-attorney-disclosure-forms

Power of Attorney Disclosure Forms are legal documents that grant an individual, known as the agent or attorney-in-fact (POA), the authority to make decisions and act on behalf of another person, known as the principal. These forms are crucial for establishing clear guidelines and responsibilities regarding the agent's powers and duties. A Power of Attorney Disclosure Form typically outlines the scope of authority granted to the agent, specifies any limitations or restrictions, and requires the agent to disclose any potential conflicts of interest or financial arrangements. By providing transparency and accountability, these forms help protect the interests of the principal and ensure that the agent acts in their best interests at all times. Additionally, Power of Attorney Disclosure Forms may be required by financial institutions, healthcare providers, or other third parties before recognizing the agent's authority to make decisions on behalf of the principal. Understanding the Importance of Power of Attorney Disclosure Forms: Clarity and Transparency:  These forms provide clear documentation of the powers granted to the agent by the principal. By outlining the scope of authority, limitations, and responsibilities, they help ensure that both parties have a mutual understanding of their rights and obligations. Protection Against Abuse or Misuse:  Power of Attorney Disclosure Forms require the agent to disclose any potential conflicts of interest, financial arrangements, or personal relationships that may influence their decision-making. This transparency helps prevent abuse or misuse of the power granted by the principal. Legal Compliance:  Many jurisdictions require the completion of Power of Attorney Disclosure Forms as part of the process of establishing a power of attorney. Adhering to these legal requirements ensures that the power of attorney relationship is valid and enforceable under the law. Recognition by Third Parties:  Financial institutions, healthcare providers, and other third parties often require proof of the agent's authority before accepting instructions or transactions initiated on behalf of the principal. Power of Attorney Disclosure Forms serve as official documentation of this authority, facilitating smooth interactions with third parties. Protection of the Principal's Interests:  By requiring the agent to act in the best interests of the principal and disclose any conflicts of interest, these forms help protect the principal from financial exploitation, fraud, or other forms of misconduct by the agent. Accountability and Oversight:  Power of Attorney Disclosure Forms promote accountability and oversight by establishing a framework for monitoring the agent's actions and decision-making. If any disputes or concerns arise, these forms can serve as evidence of the terms agreed upon between the principal and the agent. Arizona (POA) Forms https://azdor.gov/forms/poa-and-disclosure-forms IRS (POA) Forms The Centralized Authorization File (CAF) - Authorization Rules See also: Understanding-the-importance-of-power-of-attorney-and-other-legal-authorizations Understanding the Importance of Power of Attorney Disclosure Forms

Capturing receipts and vendor invoices directly to Transactions > Receipts simplifies billing and expense capture. A bill can be entered directly from the receipt upload screen, with ease seamlessly connecting transactions to your client's invoice, creating a clear audit history. Capturing receipts and breaking out sales tax information on your purchases can be deducted if you itemize your deductions on form 1040 Schedule A, line 5 https://www.irs.gov/pub/irs-pdf/f1040sa.pdf Sales Tax Deduction Calculator Estimate your state and local sales tax deduction. *Estimated sales taxes you paid in both the course of daily life and from any large purchases you made throughout the year. Decide whether to deduct state and local sales tax or your total state and local income tax. You can not deduct both. How to use receipt capture in QuickBooks Online: https://youtu.be/L3cJO9Q1xik?si=KKjMzkf3Y7ZZQUaH The Benefits of Capturing Receipts for Purchases: How Sales Tax and State Income Tax Deductions Can Save You Money

Understanding Revenue Procedure Adjustments Revenue Procedure Adjustments are vital components of the tax administration system, helping both taxpayers and tax professionals navigate the complexities of tax law. These adjustments provide detailed guidelines and clarifications on various tax-related issues, ensuring consistency and fairness in tax administration. Maximizing Future Tax Savings Revenue Procedure Adjustments What are Revenue Procedures? Revenue Procedures are official statements issued by the Internal Revenue Service (IRS) that provide guidance on the internal management practices and procedures of the IRS. They are one of the primary forms of guidance the IRS uses to communicate with taxpayers and tax professionals. These procedures often include instructions on how to apply for certain tax benefits, how to comply with specific tax obligations, and how to resolve tax disputes. The Role of Adjustments Adjustments to Revenue Procedures are made to address changes in tax law, updates in IRS policy, or to correct errors in previously issued procedures. These adjustments are crucial because they: 1. Reflect Legislative Changes: Tax laws can change frequently due to new legislation. Revenue Procedure Adjustments ensure that IRS guidance remains current and compliant with the latest laws. 2. Incorporate Judicial Decisions: Court rulings can impact how tax laws are interpreted and applied. Adjustments help align IRS procedures with these judicial interpretations. 3. Update Administrative Practices: The IRS continually improves its internal processes. Adjustments provide updates on these new practices, ensuring that taxpayers and tax professionals have the most up-to-date information. 4. Correct Errors: Occasionally, previously issued Revenue Procedures may contain errors or ambiguities. Adjustments clarify these issues, providing accurate guidance to taxpayers. Recent adjustments have addressed various issues such as: Changes in Filing Requirements: Updates on how certain tax forms should be filed to reflect new electronic filing requirements. Clarifications on Tax Credits: Adjustments providing detailed guidance on eligibility and application procedures for new or revised tax credits. Guidance on Compliance: Updates on the procedures for complying with international tax reporting obligations. Importance for Taxpayers and Professionals For taxpayers, staying informed about Revenue Procedure Adjustments is crucial for accurate tax reporting and compliance. For tax professionals, these adjustments are essential tools that aid in providing accurate and up-to-date advice to clients. Ignoring these adjustments can result in non-compliance, leading to potential penalties and audits. Staying Updated The IRS publishes Revenue Procedure Adjustments on its official website and through various tax publications. Tax professionals often subscribe to updates or use tax research services to stay informed. Regularly checking the IRS website and professional tax publications can help ensure that both taxpayers and professionals are aware of the latest guidance. Conclusion Revenue Procedure Adjustments play a critical role in the dynamic field of tax administration. By providing updated guidance on tax laws and IRS practices, these adjustments help ensure that the tax system remains fair, efficient, and responsive to changes in legislation and judicial decisions. Staying informed about these adjustments is essential for both taxpayers and tax professionals to maintain compliance and optimize their tax outcomes. See Also: 26 CFR 601.602: Tax forms and instructions. (irs.gov) Maximizing Future Tax Savings: A Guide to Understanding the 2023-2034 Revenue Procedure Adjustments

The Bureau of Labor Statistics measures labor market activity, working conditions, price changes, and productivity in the U.S. economy to support public and private decision making. https://www.bls.gov/bls/about-bls.htm

Federal Income Tax Due Dates Federal Income Taxes

Offshore finance refers to the use of financial services, banking, and investment opportunities in jurisdictions outside one's home country. These offshore financial centers are often characterized by favorable tax regulations, privacy laws, and a range of financial services that attract individuals and businesses seeking to optimize their financial affairs. Offshore finance can involve activities such as opening offshore bank accounts, establishing trusts, utilizing international investment vehicles, and forming offshore companies to take advantage of specific legal and financial benefits offered by these jurisdictions. While legitimate uses exist, offshore finance has also been associated with concerns related to tax evasion, money laundering, and regulatory challenges.  While offshore finance offers legitimate benefits, it should be approached responsibly and in compliance with relevant laws and regulations. Tax planning and asset protection Small and medium-sized enterprises (SMEs) may use offshore structures for legal tax planning and international business activities. Understanding Offshore Finance Offshore Banking: benefit from features such as favorable interest rates, reduced taxes, and increased financial privacy. Offshore banks often provide a range of services, including multi-currency accounts and wealth management. Offshore Trusts: Trusts established in offshore jurisdictions can offer advantages such as tax planning, asset protection, and confidentiality. Offshore Investment Funds: Investors may use offshore structures like international investment funds or mutual funds to diversify their portfolios. These vehicles can provide tax advantages, access to international markets, and opportunities for asset protection. International Business Corporations (IBCs): These entities are used for international trade, investment, and holding assets. IBCs can benefit from tax advantages and reduced regulatory requirements. Tax Planning and Optimization: Offshore finance is frequently employed for legal tax planning. This may involve structuring business operations or personal finances to take advantage of favorable tax regimes in offshore jurisdictions. Asset Protection: Offshore financial tools, such as trusts and legal structures, are often utilized for asset protection. These mechanisms can shield assets from legal claims, creditors, and other risks, providing a layer of security for individuals and businesses. Diversification of Investments: Offshore finance allows individuals and businesses to diversify their investments across different jurisdictions. This diversification can reduce risks associated with economic or political instability in a single country. Legal and Financial Privacy: Offshore jurisdictions may provide increased financial privacy. While transparency initiatives are promoting more openness, some individuals value the confidentiality offered by offshore accounts and structures. When seeking advice or assistance with offshore finance, it's important to consult with reputable and well-established professionals or agencies. Here is a list of entities that are generally recognized for their expertise in offshore finance and related services. Additionally, consider seeking recommendations and conducting thorough research before engaging any international tax advisor. International Financial Institutions: Established international banks with a presence in reputable offshore jurisdictions. Examples include HSBC, Barclays, and Citibank. Law Firms Specializing in Offshore Services: Legal firms that specialize in international tax law and offshore services. Examples include Appleby, Maples Group, and Harneys, Dentons, Withers Worldwide, McDermott Will & Emery, Eversheds Sutherland, Baker McKenzie, Castro & Co. Offshore Financial Service Providers: Companies that specialize in providing offshore financial services, including setting up and managing offshore structures. Examples include Trident Trust, Vistra, and Ocorian. Consultancy Firms: Consulting firms that offer advice on offshore financial planning and international business strategies. Examples include Deloitte, PricewaterhouseCoopers (PwC), and Ernst & Young (EY). Offshore Jurisdiction Regulatory Authorities: Regulatory authorities in reputable offshore jurisdictions can provide guidance on legal and regulatory matters. Examples include the Cayman Islands Monetary Authority (CIMA), the British Virgin Islands Financial Services Commission (BVIFSC), and the Guernsey Financial Services Commission. International Tax Advisors: Professionals or firms specializing in international tax planning and compliance. Examples include specialized tax consultants and advisory services. KPMG, Grant Thorton, BDO International Wealth Management and Private Banking: Private banking services offered by reputable financial institutions that provide wealth management solutions. Examples include UBS, Credit Suisse, and J.P. Morgan Private Bank, Northern Trust. Asset Management Companies: Companies specializing in offshore investment management and funds. Examples include BlackRock, Fidelity International, and Schroders. Industry Associations and Chambers of Commerce: Organizations that promote business interests and provide resources in specific offshore jurisdictions. Examples include the Jersey Finance, Bahamas Financial Services Board, and the Bermuda Business Development Agency. Financial Regulators of Major Financial Centers: Organizations that promote business interests and provide resources in specific offshore jurisdictions. Examples include the Jersey Finance, Bahamas Financial Services Board, and the Bermuda Business Development Agency. Misconceptions surrounding offshore finance often stem from a lack of clarity about its legitimate uses and an association with illegal or unethical activities. Offshore finance can be a legitimate and beneficial tool when used responsibly and in accordance with applicable laws and regulations. Jurisdictions have implemented measures such as the Common Reporting Standard (CRS) and Automatic Exchange of Information (AEOI) to share financial information with relevant authorities, promoting greater transparency. While there are risks associated with offshore finance, including regulatory changes, engaging with reputable service providers and staying informed about legal compliance can mitigate these risks. Anti-Money Laundering: Money laundering is the process of disguising the origins of illegally obtained funds, typically by means of complex financial transactions, to make them appear legitimate. AML measures are implemented by governments, financial institutions, and other entities to combat financial crimes and protect the integrity of the financial system. Here are key aspects of AML: Customer Due Diligence (CDD): Financial institutions are required to conduct thorough due diligence on their customers Know Your Customer (KYC): KYC procedures involve verifying the identity of customers. This includes obtaining identification documents, verifying addresses, and understanding the nature of the customer's business. Transaction Monitoring: Financial institutions implement systems to monitor and analyze transactions for unusual or suspicious activities. Unexplained large transactions, frequent cash deposits, or transactions inconsistent with the customer's profile. Reporting Suspicious Activities: Financial institutions are obligated to report any suspicious transactions to relevant authorities. Record Keeping: AML regulations require financial institutions to maintain detailed records of customer transactions and due diligence efforts. This documentation is crucial for audits, regulatory compliance, and investigations. Employee Training: Institutions subject to AML regulations provide regular training to employees to raise awareness about money laundering risks and ensure compliance with AML policies and procedures. International Cooperation: Money laundering often involves cross-border transactions. International cooperation and information sharing among countries and financial institutions are vital.  Common Reporting Standard (CRS) is an international standard for the automatic exchange of financial account information between tax authorities of different countries developed by the Organisation for Economic Co-operation and Development (OECD). Over 100 countries have committed to implementing the Common Reporting Standard. Regulatory Compliance: Financial institutions must comply with AML laws and regulations imposed by national and international authorities. Non-compliance can result in severe penalties, fines, and reputational damage. Technological Solutions: The use of advanced technologies, such as artificial intelligence and machine learning, is becoming more common to enhance the efficiency of AML processes. These technologies can analyze large datasets and identify patterns indicative of potential money laundering activities. Automatic Exchange of Information (AEOI) was developed by the Organisation for Economic Co-operation and Development (OECD) in coordination with the G20 countries. AEOI requires financial institutions to collect and report specific information about the financial accounts of non-residents. This information includes details such as interest, dividends, account balances, and other relevant financial data. (AEOI) emphasizes the importance of maintaining the confidentiality and security of the exchanged information. Participating jurisdictions are required to implement robust data protection measures to ensure the privacy and integrity of the reported financial information. In the United States, several government agencies play key roles in overseeing and enforcing Anti-Money Laundering (AML) regulations. The main agencies responsible for AML efforts are: Financial Crimes Enforcement Network (FinCEN) Office of the Comptroller of the Currency (OCC) Federal Reserve System (FRS) Securities and Exchange Commission (SEC) Commodity Futures Trading Commission (CFTC) Office of Foreign Assets Control (OFAC) Department of Justice (DOJ) If you are considering living abroad there are several sources of information on the internet. You can also consult with most reputable real estate agencies such as Coldwell Banker, Re/Max and Sotheby's International. See also: https://www.henleyglobal.com/about/key-people Advice on living, retiring, and investing overseas. InterNations:  InterNations is a popular expatriate community that offers resources, forums, and networking opportunities for people living abroad. They often have articles and expert advice on various aspects of expatriate life. Expat Exchange:  Expat Exchange is a platform where expatriates share advice and experiences. They have forums, articles, and a destination guide that can be helpful for those living overseas. Escape Artist:  Escape Artist focuses on international living, offshore banking, and investment opportunities. They provide articles and resources for individuals looking to live or invest abroad. Live and Invest Overseas:  This platform offers information and advice on living, retiring, and investing overseas. They cover a range of topics including real estate, healthcare, and cost of living in different countries. Nomad Capitalist:  Nomad Capitalist, led by Andrew Henderson, provides advice on legal strategies for reducing taxes, diversifying income, and internationalizing your life. It's more focused on the business and financial aspects of living abroad. See Also: The Impact of GILTI, FDII, and BEAT January 31, 2024 By:Alan Cole See Also: Invest Offshore Offshore Finance: Maximizing Your Financial Flexibility with Global Investing

Cannabis Industry I.R.C. § 280E Promotes voluntary compliance by helping taxpayers understand and meet their tax responsibilities. Enforces the law with integrity and fairness. General guidance and FAQs for taxpayers in the cannabis/marijuana industry. IRC Section 280E limitations for businesses trafficking marijuana. Income from any source is taxable and must be reported. Cash payment options available for unbanked taxpayers. File Form 8300 for cash payments over $10,000. Small business taxpayers need to make quarterly estimated tax payments. Good recordkeeping is essential for monitoring business progress and substantiating tax returns. Additional resources and publications for the cannabis industry and cash payments. File and pay your State TPT and Federal Excise separately See Also: https://www.irs.gov/businesses/small-businesses-self-employed/cannabis-industry

Nonprofit organizations play a vital role in our society, addressing various social, environmental, and cultural needs. While their missions may vary, one thing remains constant: the importance of transparent and accurate financial management. In this guide, we'll expand into the world of nonprofit accounting, exploring key principles, best practices, and the significance of financial transparency. Understanding the Basics Nonprofit accounting operates under a different set of rules compared to for-profit entities. Instead of focusing solely on profitability, nonprofits' prioritize accountability and stewardship of resources. This means that while they still track revenues and expenses, their ultimate goal is to fulfill their mission rather than generate income for shareholders. Key Principles Fund Accounting : Unlike for-profit businesses that use a single set of accounts, nonprofits' typically use fund accounting. This approach segregate's funds based on their purpose, such as restricted funds designated for specific programs or projects, and unrestricted funds that can be used for general operations. Transparency : Nonprofits' rely heavily on public trust and support. Maintaining transparency in financial reporting is crucial for demonstrating accountability to donors, beneficiaries, and regulatory bodies. This often involves disclosing detailed financial statements, including revenue sources, expenses, and any potential conflicts of interest. Compliance : Nonprofits' must adhere to various regulatory requirements, including tax regulations and reporting standards. Depending on their size and activities, they may be subject to audits by external agencies or undergo reviews to ensure compliance with applicable laws and regulations. Best Practices Budgeting : Developing a comprehensive budget is essential for nonprofits to effectively plan and manage their resources. It helps align financial priorities with organizational goals, identify potential funding gaps, and ensure responsible stewardship of donor contributions. Internal Controls : Implementing robust internal controls helps safeguard assets, prevent fraud, and ensure financial integrity. This may involve segregating duties, conducting regular reconciliations, and establishing clear approval processes for expenditures. Board Oversight : The board of directors plays a crucial role in overseeing the financial management of a nonprofit organization. Board members should possess financial literacy and actively monitor financial performance, review financial statements, and provide strategic guidance on resource allocation. Transparency in non-profit accounting Refers to the clear, open, and honest disclosure of an organization's financial activities, policies, and decision-making processes to stakeholders such as donors, members, beneficiaries, and the public. It involves providing comprehensive and understandable information about the organization's financial condition, performance, and use of resources. In practical terms, transparency in non-profit accounting encompasses several key aspects: Financial Reporting : Nonprofits' organizations should regularly publish financial statements that accurately reflect their financial position, including revenues, expenses, assets, liabilities, and fund balances. These statements, such as balance sheets, income statements, and cash flow statements, should be prepared in accordance with generally accepted accounting principles (GAAP) or other applicable accounting standards. Donor Disclosure : Nonprofits' should be transparent about the sources of their funding, including contributions from donors, grants, sponsorships, and other revenue sources. Donors have the right to know how their contributions are being used and the impact they are making. Expense Allocation : Nonprofits' should clearly delineate how funds are allocated and spent across different programs, activities, and administrative costs. This helps stakeholders understand how resources are being utilized to advance the organization's mission and goals. Governance and Oversight : Transparency also extends to the governance structure and decision-making processes within the organization. Nonprofits' should disclose information about their board of directors, executive leadership, and any potential conflicts of interest. Additionally, they should demonstrate adherence to ethical standards and best practices in governance. Compliance and Accountability : Nonprofits' must comply with legal and regulatory requirements related to financial reporting, tax filings, and governance. Transparent financial reporting facilitates accountability by allowing stakeholders to assess whether the organization is fulfilling its legal obligations and operating with integrity. Impact Reporting : In addition to financial metrics, transparency may involve reporting on the organization's social, environmental, or programmatic impact. Nonprofits' should provide evidence of the outcomes and results achieved through their programs and initiatives, demonstrating accountability for the resources entrusted to them. Challenges and Solutions While nonprofit accounting offers many benefits, it also presents unique challenges. Limited resources, compliance burdens, and the complexity of fund accounting can pose significant obstacles for organizations. However, leveraging technology, investing in staff training, and seeking professional guidance can help address these challenges and streamline financial operations.  While "nonprofit" and "not-for-profit" are used interchangeably in many contexts, "nonprofit" is more commonly used in the United States, while "not-for-profit" may be preferred in other regions. Ultimately, both terms refer to organizations that operate for purposes other than profit and are committed to advancing social, charitable, or public interests. In summary, nonprofit accounting is a specialized field that requires diligence, integrity, and a commitment to financial transparency. By adhering to key principles, implementing best practices, and addressing challenges head-on, nonprofit organizations can navigate the complexities of financial management and fulfill their missions with confidence. In the United States, the term "nonprofit" refers to organizations registered as 501(c)(3) entities under the Internal Revenue Code. These organizations are eligible for tax-exempt status, meaning they don't pay federal income tax on the donations they receive or the revenue they generate from activities related to their exempt purpose. See Also: Maximizing Business Efficiency: The Importance of Internal Audits and a Comprehensive Checklist See Also: Federal Accounting Standards Advisory Board (GAAP Hierarchy) See Also: 12 Key Principles of GAAP Explained: A Comprehensive Understanding See Also: IRS: Exempt Organization Types See Also: IRS: Charities and Non-Profits See Also: IRS:Tax Exempt Bonds See Also: Recognition of Exemption Under Section 501(c)(3) See Also Audit Technique Guides (ATGs) Non-Profit Accounting: A Guide to Financial Transparency

Barrantes, A. FIRE Calculator – Financial Independence, Retire Early. Available at: https://www.omnicalculator.com/finance/fire Accessed: 1 December 2023. See Also: Retirement plans | Internal Revenue Service Fire Calculator

unmas My children prior to the #theft of their home and our livelihood king-the-impact-iglighting-the-human-cost-of-phaaceutical-negligence-i Prior to #assault #battery 17 miles a day keeps the doctor away! #Stolen Because our leaders prescribe sick care rather than health care! #Obamacare Do the math prescribe $4.00 diabetes meds for 250,000 people = $1,000,000 million (temporary monthly relief) prescribing a $400 bicycle for 250,000 = $1,000,000,000 billion and (lifetime health and wellness) Bonus: You can eat, drink and be merry when you want! Campaign finance BURNED! @cathymcmorris @SenatorTimScott @JohnFetterman @SenJohnThune @RepScottPeters @brettguthrie @RobMenendez4NJ @SenSchumer @PattyMurray @RepLarryBucshon @kyrstensinema @SenToddYoung @SenMarkKelly   @SpeakerMcCarthy @RepRichHudson @RepSchrader @ChrisCoons   My Story: Following an attack on Facebook (@meta) and a home invasion, I was forcibly injected with pharmaceuticals against my will in the State of Arizona based on a fraudulent order of protection. In addition to the theft of my property by SLAPP Lawsuit, the pharmaceutical produced by Lundbeck Pharmaceuticals ( https://en.wikipedia.org/wiki/Lundbeck ) caused a heart attack as well as significant facial and dental deformities. I now require medication for my heart condition and comprehensive dental and facial restoration. In addition to legal aid, the quotes that I have received from medical practitioners' is approximately $100,000. I am hoping that anyone with empathy can assist me by making a donation. Your kindness and generosity would be greatly appreciated. Update: As of 6/11/2025 the hacker, on Twitter is threatening to kill me. Box of Poison: PLEASE DONATE AND SHARE! #bigpharma INVASION! The Drug War! https://en.wikipedia.org/wiki/Lundbeck https://en.wikipedia.org/wiki/Lundbeck Unmasking the Impact: Highlighting the Human Cost of Pharmaceutical Negligence in Support of Fundraising Efforts.

I suggest you know your break-even point. Cost of Goods Sold (COGS): 40-60% This includes the direct costs associated with producing goods or services sold by the company. For a manufacturing business, this might include raw materials and labor, while for a service business, it could include labor costs directly tied to service delivery and a retail business, inventory. Operating Expenses (OPEX): 20-40% Operating expenses cover the day-to-day activities of a business that are not directly tied to the production of goods or services. This category includes items like rent, utilities, salaries for non-production staff, software and office supplies. Salary and Benefits: 15-30% This includes the total compensation for all employees, including salaries, wages, and benefits such as health insurance, retirement contributions, and other employee perks. Administrative Expenses: 2-15% This includes general administrative costs such as R&D, legal and professional services and accounting and finance. Marketing and Advertising: 5-10% Businesses typically allocate a portion of their budget to marketing and advertising to promote their products or services and attract customers. Capital Expenditures (CAPEX): 5-10% This includes equipment, machinery, technology infrastructure, facilities and property. Depreciation: 20-25% Depreciation accounts for the decrease in value of assets over time. It is a non-cash expense that is often included in financial statements. Taxes: 5-15% This includes income taxes, property taxes, and other applicable taxes. Interest Expense: 1-5% If the business has loans or other forms of debt, interest expenses may be a significant portion of the budget. Miscellaneous Expenses: 5-10% This category can include various miscellaneous expenses that don't fit neatly into other categories. Retirement: Assuming you'll need 70-90% Of pre-retirement income to live comfortably in retirement. For example, if you estimate that you'll need $50,000 per year in retirement, you will need to save $50,000 * 25 = $1,250,000. This assumes you'll be withdrawing 4% of your savings annually. Plan for retirement | SSA The Profit First system suggests that business owners transfer to interest bearing accounts, approximately 60% from their main operating bank account, once a month allocating income (twice a month) from 2% profit (50% profit distribution/50% remains in account), 30% owner draw (80% of time and cost you would reasonably pay someone to do your job) and 15% +/- for income taxes and 13% +/- for State and Local Taxes. Sales - Gross Profit = Expenses Source: Ragona, J. (2024, January 28). "Profit First" In M. Michaowicz (Ed.), How to Use Profit First Accounting System  (You Tube). It's important to note that these percentages are general guidelines, and the actual budget allocation averages can vary based on the nature of the business. Some industries may have higher COGS, while others may have higher marketing expenses during startup. For a more accurate and industry-specific breakdown, it's advisable to consult with financial experts or industry benchmarks. Each business is unique, and expense allocation should be tailored to its specific circumstances. See Also: S-Corp Salary vs. Shareholder Distribution Calculator (Reasonable Salary Method) See Also: Understanding Owner's Equity: What It Is and Why It Matters See Also: Understanding the Relationship Between Retained Earnings and Dividend Payouts See Also: Cash Flow to Capital Expenditures (CF to CapEX) Explained See Also: Operating Ratio (OPEX): Definition and Formula for Calculation See Also: OMB Federal Budget Guidelines How to Strategize Budget Allocation Averages for Maximum Profit First?