Invisible Advisory Group

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...and your business will be immeasurably successful!

Life's too Short to Be Someone You're Not, So Be Yourself! Life’s too short to be someone you’re not, so be yourself instead. Easier said than done, especially when "FONFI" is a very real thing. "What's that," you ask? Read on to find out!

Franchise Tax Board Launches Penalty Estimator

Starting this year, all California residents must have health insurance or pay a penalty. The California Franchise Tax Board (FTB) has launched the individual mandate penalty estimator to help consumers calculate the penalty they may owe if they go without qualifying health coverage in 2020. This online estimator can help you reinforce with your consumers the importance of having health insurance coverage this year.

There are two methods of calculating the penalty, and a household will pay* whichever calculation yields the larger penalty:

1. A flat amount based on the number of people in the household - $695 per adult and $347.50 per dependent child, up to an annual max of $2,085 regardless of household size.

2. A percentage of the household income - a penalty of 2.5% of all gross household income over the tax filing threshold.

*Some consumers may not have to pay a penalty if they qualify for an exemption.

Individual Shared Responsibility Penalty Estimator | Instructions | California Franchise Tax Board You will begin reporting your health care coverage on your 2020 tax return, which you will file in the spring of 2021. To avoid a penalty, you will need qualifying health coverage for each month beginning on January 1, 2020 for:

School is starting soon and summer is almost over. This means you don’t have much time to finish your summer bucket list! Here are some ideas for summer adventures:

10 Things to Do Before Summer Ends It's hard to grasp that summer is already coming to an end. Seriously, where did the time go? I always start to panic this time of the year and think, Did I accomplish everything I wanted to this summer? The answer is usually no, but this year I'm making an effort to change that!

What is Conscious Capitalism? It's using your business as a force for good.