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You don't have to wait for new laws based on behavioral economists to save you from the money mistakes you're hardwired to make. You can implement your own fixes using their techniques. (more)
Two athletes - one American, one Chinese - stand at the threshold of sports immortality next month in Beijing. The expense has been high, in money and family sacrifice. Winning will be the big payoff. (more)
Jamón ibérico de bellota, newly legal for import (at $180 per pound), barely cracks the top five on the pricey foods scale. We checked in with gourmet retailers for the rundown on the world's most expensive culinary indulgences. (more)
Scott Kelley (pictured at right) is a co-founder of Service Center Metals, which uses expensive equipment. Writing off such major purchases usually takes years and must be done in accordance with depreciation schedules laid out by the IRS. With the help of a canny accountant, the company has found ways to accelerate various deductions, allowing it to get more money more quickly. All told, accelerated deduction yields hundreds of thousands of dollars to Service Center Metals each year.
"From the very beginning, we've tried to align our growth strategy with tax strategy," says Kelley. "Get money back quickly, use it to fund expansion and buy better equipment, make more money."
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