Search found 172 matches

by bbqguru
Wed Apr 07, 2021 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Tax Question
Replies: 6
Views: 405

Re: PPP Tax Question

If he's a C Corp, it should be taxable just like any other wages or bonuses he pays himself.

We're a C Corp and everything was taxed as W-2 income, business as usual.
by bbqguru
Fri Apr 02, 2021 7:58 pm
Forum: Personal Consumer Issues
Topic: Advice on Garage Door Openers?
Replies: 31
Views: 2243

Re: Advice on Garage Door Openers?

We've got a Liftmaster belt drive opener with wifi and battery backup. 100% recommend the belt drive. Like others have said it is super quiet and you can hardly hear it open or close. The app is nice, and I find myself using it to let family in, when I'm not in my personal car, etc... As for the bat...
by bbqguru
Sat Mar 27, 2021 8:52 pm
Forum: Personal Consumer Issues
Topic: exipred / obsolete propane jugs
Replies: 58
Views: 3920

Re: exipred / obsolete propane jugs

Tanks don't become worthless when they expire unless they've got major damage, excessive pitting, or a small list of other things. Most propane dealers, RV centers/campgrounds, or places that refill a lot of cylinders can recertify the tank and it's good for another 10 years. All it requires is a qu...
by bbqguru
Sun Mar 14, 2021 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Guaranteed premium LTC offer
Replies: 6
Views: 919

Re: Guaranteed premium LTC offer

I'm sure this won't apply to many, but it is another data point in the great LTC discussions. It also might be a hint of things to come for the product. I received a notice from NY Life that my LTC policy is having an increase in premium. It will be the second increase since I've bought the policy,...
by bbqguru
Sat Mar 13, 2021 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed premium LTC offer
Replies: 6
Views: 919

Guaranteed premium LTC offer

I'm sure this won't apply to many, but it is another data point in the great LTC discussions. It also might be a hint of things to come for the product. I received a notice from NY Life that my LTC policy is having an increase in premium. It will be the second increase since I've bought the policy, ...
by bbqguru
Sat Jan 16, 2021 9:57 pm
Forum: Personal Consumer Issues
Topic: Universal theme parks Orlando: premium experience
Replies: 34
Views: 3218

Re: Universal theme parks Orlando: premium experience

Worth every penny. Went last Christmas and made the mistake of going the morning without the fast pass. After waiting too long in the first line, I gladly went over and paid for the unlimited fast pass. We never waited in line more than 20 minutes, and that was on the super popular rides. Worth ever...
by bbqguru
Tue Dec 29, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance: term4sale.com and policygenius.com
Replies: 16
Views: 976

Re: Life Insurance: term4sale.com and policygenius.com

One thing to also compare is, and/or ask about is if the policy has a disability waiver on it. I purchased a policy online through a broker and their initial quote did not. It wasn't very much extra to add to the policy if I remember correctly and it paid the premium if I became disabled. It's one o...
by bbqguru
Mon Dec 28, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Second Draw
Replies: 9
Views: 988

Re: PPP Second Draw

It ought to be interesting for certain.

We're in a commodities business and our underlying cost is up significantly compared to last year, but our overall sales in quantity are down. So for us, revenue is up, but we're worse off than last year.
by bbqguru
Thu Nov 05, 2020 2:22 pm
Forum: Personal Consumer Issues
Topic: Electric Fireplace
Replies: 8
Views: 969

Re: Electric Fireplace

Dimplex is going to have the most realistic flame. All brands of electric fireplaces are going to put out the same amount of heat ~1500 watts. The unit that uses water to mist is made by Dimplex (OptiMyst), but it puts out no heat. They are strictly looks, but they nail the realism factor all day lo...
by bbqguru
Tue Oct 06, 2020 6:04 pm
Forum: Personal Consumer Issues
Topic: Installing mantle on ledger stone
Replies: 28
Views: 1434

Re: Installing mantle on ledger stone

You might have luck trying a shelf mantel that uses a hanger board to attach the mantel to the wall. You'll have some spacing where the stones aren't flush with the surface, but the only way to get around that is to remove the offending stones. The hanger board attaches to the studs, but if you're n...
by bbqguru
Sun Aug 23, 2020 8:43 pm
Forum: Personal Consumer Issues
Topic: Which 3 row luxury SUV?
Replies: 70
Views: 5432

Re: Which 3 row luxury SUV?

We've got a 18 Navigator L Reserve with the second row bucket seats and all of the options except the dvd system and love it. I would strongly advice you to consider the L version over the standard. It's not a couple of thousand more, but adds a huge amount of storage space. This. If you are lookin...
by bbqguru
Sun Aug 23, 2020 1:57 pm
Forum: Personal Consumer Issues
Topic: Which 3 row luxury SUV?
Replies: 70
Views: 5432

Re: Which 3 row luxury SUV?

We've got a 18 Navigator L Reserve with the second row bucket seats and all of the options except the dvd system and love it. I would strongly advice you to consider the L version over the standard. It's not a couple of thousand more, but adds a huge amount of storage space. The 30-way seats were th...
by bbqguru
Mon Aug 03, 2020 7:28 pm
Forum: Personal Consumer Issues
Topic: Comparing HVAC replacement quotes
Replies: 12
Views: 1215

Re: Comparing HVAC replacement quotes

If you're comfortable with the Bryant dealer, I'd go that route. Lennox makes a good system, but tend to try and find a way to make their parts proprietary or extremely hard to get. Bryant parts are easy to find and reasonably priced. Even being in the HVAC business, we often have to purchase Lennox...
by bbqguru
Tue Jul 28, 2020 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10202
Views: 732509

Re: Refinance Mega Thread

I’m in Missouri and some of the popular options mentioned are not licensed here. I searched the thread but didn’t see much. Any good suggestions for refinancing in the show-me-state? I’m looking for a competitive rate on a 15 year fixed. Thanks Send me a PM. I'm in MO and have a couple of contacts ...
by bbqguru
Tue Jul 28, 2020 8:19 am
Forum: Personal Finance (Not Investing)
Topic: home insurance if you wouldn't rebuild identical house
Replies: 19
Views: 1886

Re: home insurance if you wouldn't rebuild identical house

You're looking for a company that offers a cash settlement option. If you search for Chubb, Ace, and affluent insurance on the board, they should come up. There has been some light discussion on the issue. I think some of the higher-end mass market companies are starting to offer it as well, but I'm...
by bbqguru
Fri Jul 24, 2020 8:34 am
Forum: Personal Consumer Issues
Topic: Backyard BBQ - easy
Replies: 42
Views: 3951

Re: Backyard BBQ - easy

Weber Spirit 210. Should run around $429.

It's all the grill most households need, both size and performance. Have a good warranty and should give no trouble.
by bbqguru
Sun Jul 12, 2020 2:18 am
Forum: Personal Consumer Issues
Topic: New roof needed - Consider METAL ROOF?
Replies: 32
Views: 3228

Re: New roof needed - Consider METAL ROOF?

We're in Missouri and a metal roof runs around $65/square, which at the time we built out house, was cheaper than a traditional roof. It is quiet and has been maintenance free.

Our insurance company offered a $400/year discount if we took a cosmetic exclusion on the roof. I gladly agreed.
by bbqguru
Fri Jun 19, 2020 7:56 am
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 161
Views: 10942

Re: New construction house - what to consider?

Since you are planning children, the greatest feature you can add is a light switch in the master bedroom that turns on a kitchen light. Ours worked the under counter lights. You will be getting up in the middle of the night for feedings and having that light on will keep you from walking into tabl...
by bbqguru
Sat Jun 13, 2020 12:18 pm
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 161
Views: 10942

Re: New construction house - what to consider?

ADA height toilets- you don't realize how nice they are until you are somewhere with a "normal" height toilet.
by bbqguru
Sat Jun 13, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 161
Views: 10942

Re: New construction house - what to consider?

My wife and I are particularly noise sensitive and enjoy quiet spaces (master bedroom, offices). Do any of you have thoughts about putting insulation between internal walls to help noise dampening? Is that a "thing" or is that crazy? It absolutely is a "thing" - we have done it ...
by bbqguru
Wed Jun 10, 2020 4:38 pm
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 161
Views: 10942

Re: A few things

4. All bathroom fans upgraded for volume and quietness. I'll disagree on this one. When it comes to bathroom fans, I think the louder they are the better. Agree. When we selected our bathroom fans I wanted the quietest fans that were available. They work great, but there is such a thing as too quiet.
by bbqguru
Wed May 27, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

Has anyone seen resources on how loan forgiveness will impact taxation for partners in a pass-through situation? Partnership obtains a $1 million PPP loan and uses it all for qualified payroll for employees and rents and is entitled to $1 million forgiveness. At the end of the year, net income -- t...
by bbqguru
Wed May 27, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2181

Re: Switching Insurance

Well, I did my first quote with Flo at Progressive. I started online, but called to finish the quote. The online quotes and telephone quotes were wildly different. Flo couldn't tell me why. Full coverage for 2 newer cars (250/500/250) for a full year: Progressive $1,222, State Farm $2,142. WIN! Hom...
by bbqguru
Sun May 24, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

Couple of questions. For other expenses, such as rent is it 25% of total loan or 25% of payroll that is forgiven? If the latter the $ amount for other would be smaller as loan based on 10 weeks of payroll and forgiveness is based on 8 weeks. FTE and 40 hours. New guidance says amount forgiven will ...
by bbqguru
Sat May 23, 2020 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

Couple of questions. For other expenses, such as rent is it 25% of total loan or 25% of payroll that is forgiven? If the latter the $ amount for other would be smaller as loan based on 10 weeks of payroll and forgiveness is based on 8 weeks. FTE and 40 hours. New guidance says amount forgiven will ...
by bbqguru
Wed May 20, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

For businesses who run monthly payroll... From the latest PPP Loan Forgiveness Application: https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf "Alternative Payroll Covered Period: For administrative convenience, Borrowers with a biweekly (or more...
by bbqguru
Wed May 20, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

Couple of questions. For other expenses, such as rent is it 25% of total loan or 25% of payroll that is forgiven? If the latter the $ amount for other would be smaller as loan based on 10 weeks of payroll and forgiveness is based on 8 weeks. FTE and 40 hours. New guidance says amount forgiven will ...
by bbqguru
Wed May 20, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

Couple of questions. For other expenses, such as rent is it 25% of total loan or 25% of payroll that is forgiven? If the latter the $ amount for other would be smaller as loan based on 10 weeks of payroll and forgiveness is based on 8 weeks. FTE and 40 hours. New guidance says amount forgiven will ...
by bbqguru
Wed May 20, 2020 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

It looks like the latest definition of wages has invalidated part of my spreadsheet. Gross wages, it would appear, now include employee state tax withholding and after-tax deductions that aren't retirement contributions. There's a part of me that is wanting to wait to do any additional calculations ...
by bbqguru
Sun May 17, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficient real estate gift
Replies: 10
Views: 644

Re: Tax efficient real estate gift

Gill- yes basis was FMV when she inherited them.

Illumination- I'm thinking that is probably going to be the way to go.

Appreciate the input.
by bbqguru
Sat May 16, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficient real estate gift
Replies: 10
Views: 644

Re: Tax efficient real estate gift

Is it a marital trust from your grandfather that would be included in your grandmother’s estate so it would get a basis step-up at her death? Or is it a credit shelter trust so that it wouldn’t? If it’s a credit shelter trust, would distributing it to her result in more estate tax in her estate? Th...
by bbqguru
Sat May 16, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficient real estate gift
Replies: 10
Views: 644

Re: Tax efficient real estate gift

Why can’t you just keep the present trust and just change trustees? I assume this is a revocable trust and will be included in her estate for basis stepup purposes. Also, I would assume the trust can be easily amended. Gill There are a bunch of more real estate holdings and other items in the trust...
by bbqguru
Sat May 16, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficient real estate gift
Replies: 10
Views: 644

Re: Tax efficient real estate gift

(duplicate post)
by bbqguru
Sat May 16, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficient real estate gift
Replies: 10
Views: 644

Re: Tax efficient real estate gift

:dollar Thank you for the reply. That's the path I figured we'd be headed down.

My grandmother doesn't care if she gets rid of them now or after she's passed. She's just ready to be done with them too
by bbqguru
Fri May 15, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficient real estate gift
Replies: 10
Views: 644

Tax efficient real estate gift

I'll preface this out by stating I'm in the process of scheduling appointments with our attorney and accountant. Everything will be drawn up ahead of time including operating agreements, buy/sell, etc.... I'm not a believer in "we're family, no reason to write it down". Better to have the ...
by bbqguru
Thu May 07, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

https://i.ibb.co/wybjjL9/spreadsheet-example.png In the spreadsheet, is EE MO SIT - State tax withholding? If so, is this not eligible for forgiveness? I thought the all items under gross pay (the ones that show up in my paystub are EE Medicare, EE Fed, EE SS, EE State tax) are eligible. The only t...
by bbqguru
Mon May 04, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: HVAC Proposals - Any Thoughts
Replies: 14
Views: 1522

Re: HVAC Proposals - Any Thoughts

The prices all seem somewhat high so I would get more quotes. We replaced our A/C two years ago and also considered replacing the furnace. I spent a fair amount of time researching the decision and came to the following conclusions: - Going with an expensive dual-stage A/C or furnace almost never m...
by bbqguru
Mon May 04, 2020 9:53 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best [BBQ grill] for the money?

I've had a Primo Oval XL since 2007, recommend them highly but won't fit OP's price point. My 24" Big Joe doesn't fit his price point either--I paid $1200, and the current model is even more. But the $400 Joe Jr. (13.5") I linked upthread does. :) KJ started out as a good grill with a lot...
by bbqguru
Mon May 04, 2020 9:49 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best [BBQ grill] for the money?

Thank you for that write up. You sound like quite the grilling enthusiast! Quick question. How would you describe cooking on the griddle vs a normal BBQ? DW feels like a griddle would be similar to cooking on a flat top in a pizza shop, would get the job done but may not be the same as BBQ'ing on a...
by bbqguru
Mon May 04, 2020 9:47 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best BBQ for the money?

For roughly the same money, skip the Weber Q and look at the Spirit 210 or 310. Much better warranty and features for roughly the same money. If you can find a Spirit II 210 or 310, jump on it. It's got a 10 year "bumper to bumper" warranty, including the ignitor. Weber discontinued the d...
by bbqguru
Mon May 04, 2020 7:38 am
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best BBQ for the money?

Agree on the Spirit 310. I've had ours for 8 years, replaced the grates and flavorizer bars last spring. People overestimate how much grill space they need, I've cooked plenty of meals for 8-10 adults on it, and it also conserves propane I agree with this. The nice thing is you don't have to use al...
by bbqguru
Sun May 03, 2020 7:18 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best BBQ for the money?

Weber genesis about $800 at big box stores. Expensive but 100% worth it in the long run. Buy the best, maintain it and keep it clean and it will last forever, and more importantly it will be easier to cook great food. https://www.homedepot.com/p/Weber-Genesis-II-E-315-3-Burner-Propane-Gas-Grill-in-...
by bbqguru
Sun May 03, 2020 7:09 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best BBQ for the money?

Agree on the Spirit 310. I've had ours for 8 years, replaced the grates and flavorizer bars last spring. People overestimate how much grill space they need, I've cooked plenty of meals for 8-10 adults on it, and it also conserves propane I agree with this. The nice thing is you don't have to use al...
by bbqguru
Sun May 03, 2020 5:43 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best BBQ for the money?

Agree on the Spirit 310. I've had ours for 8 years, replaced the grates and flavorizer bars last spring. People overestimate how much grill space they need, I've cooked plenty of meals for 8-10 adults on it, and it also conserves propane I agree with this. The nice thing is you don't have to use al...
by bbqguru
Sun May 03, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best BBQ for the money?

Most if not all of the Weber Q models use small, expensive propane cylinders, not the cheap standard 20lb ones. The Wirecutter reviewed grills at https://thewirecutter.com/reviews/best-gas-grill/ and for your $500 budget, really liked the Weber Spirit II E-310. This particular grill uses a full siz...
by bbqguru
Sun May 03, 2020 4:08 pm
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 7135

Re: Best BBQ for the money?

For roughly the same money, skip the Weber Q and look at the Spirit 210 or 310. Much better warranty and features for roughly the same money. If you can find a Spirit II 210 or 310, jump on it. It's got a 10 year "bumper to bumper" warranty, including the ignitor. Weber discontinued the de...
by bbqguru
Thu Apr 23, 2020 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

For those opening separate bank account just for PPP forgiveness. How are you going to handle FICA tax payments where the employer side is not forgivable? Split the payments up, employee side payment from new account, employer side from another? That makes things a little difficult, especially when...
by bbqguru
Wed Apr 22, 2020 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

Stormbringer wrote: Wed Apr 22, 2020 7:46 pm Are there any issues with increasing headcount and using the PPP funds for the new positions?
You'd probably win an award for doing so. I think the intention is to make sure your payroll stays the same and worst and increases at best.
by bbqguru
Wed Apr 22, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

The employER portion of FICA is excluded per the SBA's definition of payroll costs. The only employER taxes you can include are state and local unemployment premiums. I would assume the limit to 401k would be whatever the standard match is for the employee's salary. We match 3% so we can't give any...
by bbqguru
Wed Apr 22, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 28044

Re: Optimizing PPP Forgiveness

We're transferring the forgivable portion to our account that pays the entire amount. That way there's a paper trail for the transfer, and the amount is verified by the payroll reports and EFTPS confirmations. I'm thinking of opening up an account for my PPP funds as well. I wanted to be sure I abs...