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• To provide you with the information and tools to lead you to success.

The High Stakes of Misclassifying Employees and Independent Contractors

By Robert W. Wood

Independent contractor or employee? That sounds like a simple distinction, It is anything but. Worker status issues involve multiple disciplines: tax, labor, employment law, and more. As these issues have become more complex, their multi-disciplinary character has become more pervasive. The stakes of mis-classifying a worker are higher today than ever before. Read more

We are in a time when properties, businesses, and goods and services have taken a hit. This is precisely what makes it RIPE FOR INVESTORS who are paying attention and poised to take advantage of getting into the right investments at the right time.

That’s where we come in. Our team is finding great deals in income producing real estate in the United States and Canada. We’re paying attention to what tax laws are changing and where advantages still abound and when they will disappear. NOW is the best time to get into certain arenas. Rockefeller, Vanderbilt, and Carnegie made their wealth DURING the depression, not during a boom.

Geoffrey Payne started making money in investments from an early age. He is super knowledgeable in all areas of investment and is excited about what this current market holds in opportunities for investors. He’s a broker, a lawyer, a property and asset manager, a developer, owner of numerous successful companies and an investor himself. He is a principal and officer of Tahiti Partners Properties Corporation and Payne Roland & Company Real Estate Company. He is a partner in the law firm of Wiezorek & Payne and a Principal and the broker for GJ Property Services, a regional property Management Company that manages apartments, office buildings and shopping centers.

He manages some of the best investments in the market today, including apartments, office buildings, natural gas and oil and mixed-use projects. Contact us for more information at info@successleaps.com.

APARTMENT INVESTING

Do you have enough cash flow passively flowing into your life? If you do, then read no further. If you’re looking for MORE, then you’ll want to hear this.

By now you’ve heard that this is best economy to find deals and CREATE WEALTH, the problem for most people is in knowing where to look. Then when given information and opportunity, the same people who claim they are seeking financial freedom FREEZE and DO NOTHING to further their dreams.

What is one of the most lucrative passive income streams that you can create for yourself in the type of world economy we’re in now? APARTMENTS.

Owning a few apartments or a piece of a larger complex can create STEADY, LONG TERM, INCOME. That’s why we’re bringing you the opportunity to learn how you can do this and give you the tools to know what you’re doing, all from the comfort of your own home. Read more

NATURAL GAS AND OIL INVESTING

Developmental natural gas and oil programs have provided incredible investment deductions and returns for the wealthy. Major tax changes are likely to come for natural gas and oil investors. The deduction for intangible drilling costs (IDC) and IRC § Code 179 write offs are likely to be watered down or to go away.

Presently, an investor can write off 100% of the IDC. If an investor is a general partner, in an “at risk” position, he or she can write off those costs against his or her ordinary income -- in the first year of the investment.

Putting Congress’ change into perspective: Let’s assume that it costs $500,000 to find, drill, exploit and get from the ground natural gas or oil. Of that $500,000, probably $350,000 constitutes the IDC, approximately $100,000 represents the tangible drilling costs (which can be depreciated over seven years), and the balance is soft costs like organizational and syndication costs, some of which can be deducted against ordinary and passive income. To date, it appears the new tax laws would affect only the IDC. But imagine the effect on an investor, the loss of those substantial tax benefits. Even if an investor does not need some of these benefits, the deductions also serve to substantially shelter the income from gas and oil investment, resulting in tax free income.

What does this mean for you – the investor – NOW. We believe, as do other experts in the oil and gas field, that the tax change will effect investment, which in turn will effect exploration; but a benefit would likely be that natural gas prices would greatly increase in future years, increasing returns on investments made before the tax changes. It’s time to look at solid developmental natural gas investments.

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