One of the more recent trends in the practice of CPAs structuring entities is the idea of forming a limited liability company (LLC) under state law and then making an election under Federal tax rules …

It is always recommended that you get liability protection if you are engaging in trade or business for the purposes of making money.  And the tax law is surprisingly generous when it comes to classifying …

(ATLANTA,GA) –September 23rd, 2011- Atlanta based oXYGen Financial, a growing leader in financial services for Generation X and Y individuals and business owners, has hired Chris Sands to pioneer a new business model focused on …

Lessons one through nine of my entrepreneur series were lessons extracted from my own business and other business owners across the country over the past twenty years.   Undoubtedly in your first year of business, you …

I remember growing my career in management with a large Fortune 500 company when my Executive Vice President told me something one day.   He said, “Ted, execution is the one thing that separates the good …

Marketing your products and services is the lifeblood of a new business.   While you can ultimately have all kinds of long term business strategies, without having a steady stream of new revenue your new business …

One of the first things I heard when I got into management in my career is the phrase “you have to put the right talent on the bus”. While I understood its meaning, it took …

It’s always exciting to think about the idea of having your own new start up.   You hear about stories where entrepreneurs started with just $300 and a cardboard box and then turned their …

5 STRATEGIES TO IMPROVE THE BOTTOM LINE OF YOUR BUSINESS IN 2011
Join us as Ted Jenkin, CFP®, AWMA®, CRPC®, AAMS®, CMFC®, CRPS®, co-CEO and Founder of oXYGen Financial, discusses 5 key strategies to improve the …

Part of any good business plan is an exit strategy if the unexpected happens.  A good Buy-Sell Agreement should anticipate certain unfortunate but foreseeable events, and make sure a plan is in place …

One of the trickiest details of a good Buy-Sell Agreement is determining the purchase price to be paid for a departing owner’s interest in the business.  Most Buy-Sell Agreements create a formula to …

For many business owners, the value of their business is one of the largest components of their overall net worth, and the business itself is the result of years of hard work …

So here are answers to some of the most frequently asked questions about the Unemployment extension:
Q. Who’s eligible for extended unemployment benefits?
A. Unemployment benefits will be extended by 14 weeks to all people in all …

5 Financial Secrets to Know When You Look For a New Job – oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.

In October, the IRS will go about announcing how much you can put in your 401(k) for 2010. For 2009, the maximum contribution is $16,500 for people under 50 years old, and $22,000 for people who are over 50 years old. Generally, the calculation is based upon the 3rd quarter inflation rate vs. the inflation rate one year ago.

With almost 1.5 million people nearing their end of the unemployment check, the big questions will be what happens next? If we are depending on the large corporations to create new jobs, then we will be waiting for a long time. Big companies have been spending the last year figuring out how to reduce costs in order to meet the expectations of their shareholders. After working 16 years for a large company, I learned restructuring is just another way to say cost cutting.

Generation Y’s goal? Wealth and fame. Eighty-one percent of 18- to 25-year-olds surveyed in a Pew Research Center poll released today said getting rich is their generation’s most important or second-most-important life goal; 51% said the same about being famous.

There are announcements almost every day of layoffs across the country. With roughly 10 percent unemployment across the United States people are concerned about their health insurance coverage. One of the things that we’ve been hearing is that people simply do not know whether to utilize COBRA coverage or purchase their own separate policies. written by Arthur Benz
President, oXYGen Financial Insurance, Inc.
Insurance Agency

The other day, my mom called me up from New Jersey and she was shopping for a car. She told me over the phone what she thought was she could afford on a monthly basis for a payment. That’s when I stopped her and said, “Never tell the dealership what you want your monthly payment to be when you negotiate a car price.” If you talk about monthly payments at the car dealer, that is when you get yourself in a trap.

Right here in the state of Georgia, it’s almost time for school again. We’re roughly one month away. One of the things to look for as you’re trying to save money in these tight times is to see what your local school may be able to do for you. There are two quick things that you should look at in your research in saving money.

As we get into the year of 2009, we have seen that unemployment is now hovering above 7% on a national basis. One of the things that you may want to be considering if you’re working for a small, medium, or even a large employer, is exactly what you should be thinking about in case you end up getting laid off. While we never expect it to happen to us, we always need to prepare for the certainty of uncertainty.

Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
I’ve been in the business almost 18 years, and I can remember scenarios around stock losses like this back in the
Internet bubble of …

It’s your retirement and if you don’t take control, the government isn’t going to bail you out. Most important, are you going to want to be that one person that can’t explain what happened with the accident on the side of the road. Especially if it is your retirement.

I do think the one thing that should come out of this is knowing what you make and what you spend because saving is still one of truly key elements to building wealth. To do this as the CEO of your family finances, now is the time to get with a private CFO™ to understand your balance sheet, income statement, and your bottom line. I’m pretty sure they won’t do that for you on CNBC!

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For all those gen-X and gen-Y out there, maybe you’ve realized that this bailout from the government around our financial future in my opinion really wasn’t totally around Wall Street, but it was in part …

Hey folks, one thing I will tell you, as I’ve been saying in the Money Guy’s radio show, is the fact that as much as a new car looks nice and makes you feel good, …

Hey folks, I’ve got a news flash for you. Going into October, it isn’t just football season, it’s recharacterization season. While most of you are worried about the stock market, I hear individuals and businesses …