This week, David is joined in the Studio by Deron Hamilton who's a partner with Denman, Hamilton, & Associates CPA, PLLC. Deron and David discuss the name change of the firm and what
 this means for their clients.

Some of the other topics David and Deron discuss include:

1. Being proactive when it comes to the topic of payroll in your small business.

2. Making sure you aren't paying a dollar more in taxes than you have to.  (It is estimated that a third of people (and businesses) pay taxes unnecessarily.

3. The importance of Tax planning .

4. What to do if you are behind on paying your taxes.

5.  Two important dates: Sept. 16th and October 15th

6. Penalties for not paying your taxes and what to do when you find yourself in this situation.

7.  Non-Profits and the importance of maintaining good financials (and the repercussions for not doing so)

8.  Working with a CPA firm that understands The Affordable Care Act (Obamacare)

David and Deron discuss his upcoming book. A few topics that will be included in Deron's upcoming book include: 

1. Maximizing cash flow and profitability within your business.
2. Internal controls

and more......

Tune in, Listen and Learn!

Deron can be reached by calling: 501-312-9491

310 Natural Resources Drive
Little Rock, AR 72205
Facebook.com/denmanhamiltoncpa

This week, David continues reading excerpts from his soon to be released book. Whose Future Are You Financing? What The Government And Wall Street Don’t Want You To Know.  To download the first few chapters of the book, go to Extras from your David Lukas Show App.

David will be hosting The Dave Elswick show on Thursday the 27th  from 2-6pm on KARN 102.9FM (Central AR) or live online at: IheartRadio.com  and search for KARN.

David talks about his upcoming show that will air on 07/13/2013  from 1pm till 3pm. David will team up with Steven Blackwood on his "Beyond The Box" radio show which airs at 1pm. Then, Steven will hang around and be on David's show. Stay tuned for more details...

If you want to listen to the show David did on The book, Feel The Fear and Do It Anyway! You can listen to that by looking for the archived show titled "Feel The Fear and Do It Anyway!" from your David Lukas Show App. 

David talks about mortgage planning and the unveiling of his new proprietary software that simply did not exist before now in the financial industry. The software will show you how to pay off your mortgage in half the time or less and at the same time recapture the entire cost of the home.

How much thought do you give to managing your mortgage? It is very important that you separate your HOUSE  from your HOME. (See chart to the right) Items related to your HOME should NEVER be factored in how you decide to manage your home equity. Very few people understand how to prudently manage their home equity. Many people think that paying extra principal payments directly towards their mortgage balance is a wise financial choice. This mistake can cost you hundreds of thousands of dollars.  You can be mortgage free early and at the exact same time have accumulated a substantial amount of tax-free savings.

If you pay extra principal payments directly towards your mortgage balance after you pay it off, all you are left with his a mortgage free house. What if you could pay off your mortgage early, and at the exact same time, have a substantial tax-free savings? You can! There is a better way.

If you would like to learn more about these advanced mortgage planning strategies, David can be reached at 501-218-8880 or David@DavidLukasFinancial.com  

This week, David continues reading excerpts from his soon to be released book. Whose Future Are You Financing? What The Government And Wall Street Don’t Want You To Know.  To download the first few chapters of the book, go HERE.

David talks about the recent Articles titled . The title of this episode is titled “The Gap” in reference to the disparity between returns in Mutual funds and what the actual return a mutual fund investor realizes.  Note: There is a big difference between average rates of return and REAL rates of return. See: The Number Twelve

“PIMCO’s Gross Warns: Get Out of Market, Fed’s QE Chemo Treatment Failing”

Bogle Unsparing in Criticism of Financial Industry 

Call David anytime at 501-218-8880 or email him at: David@DLShowOnline.com

This week, David reads an excerpt from his upcoming Book, "Whose Future Are You Financing? What the Government and Wall Street Don't want you to know."  The excepts relate to the "Mega Banks". Those that are too big to fail. Just 12 banks Control 70% of all banking assets. These are the same banks that continue to receive tax-payer subsidies.

David talks about Mutually Held Dividend Paying Life Insurance companies. The year that ten thousand banks failed it was found that 99.9% of funds deposited with life-insurance companies were found to be safe. In fact, it was the insurance companies, NOT The government, who helped the banks stabilize at that time.

David talks about an asset class that has been in existence for well over 150 years. Wall Street and the media have convinced millions of people that you would be a fool to send a dollar to a life insurance company to allow them to invest it for you. Yet the facts reveal the truth is something all together very different.

Many people do not know that banks own billions of dollars of cash value life insurance. In fact, up to 25% of tier-one capital assets (A banks safest investment)

reside in BOLI's (Bank Owned Life Insurance). At the turn of the century, approximately 50% of American's discretionary savings were held with life insurance companies.

Tune in to find out what is a non-direct recognition company VS. a direct-recognition life insurance company?

There are two primary reasons why so many Americans are  not aware of the immense living benefits that a cash value policy can provide you.

1. Commissions. A properly structured cash value life insurance policy that emphasizes cash accumulation
and living benefits directly reduces commissions paid to a life insurance agent by 60% or more. It’s a sad, but
true, reality. In the sales world, incentive drives behavior. This is one reason many consumers are not
aware such a powerful financial tool exists.

2. Wall Street, and the major financiers of the financial media want you to be convinced that you would be a fool if you ever send a dollar to a life insurance company to allow them to invest it for you. (Every dollar that goes to an insurance company does not go to Wall Street). Unfortunately many advisers have been conditioned to tell you to “buy term and invest the rest.” It also may very well be that they simply do not understand how to properly structure a high cash value policy to help you maximize the living benefits while retaining the death benefit. There is a behind-the-scenes battle that has been taking place for some time.

Tune into to hear David talk about this little understood asset class.

You can reach David anytime by calling 501-218-8880 or email: David@DLShowOnline.com

***Please note to access all of the referenced links in this broadcast from your iphone or android phone, simply click on "extas".

The FDIC (Federal Deposit Insurance Corporation) currently insures deposits up to $250,000 per account. You can’t miss the FDIC sign when you are making your deposit at the bank. However, most people do not know that the FDIC currently has only 0.45 percent in their deposit insurance fund. (as of December 31 , 2012).

What does this mean to you? For every dollar that you deposit into an FDIC insured account, less than one penny is held in the FDIC's Deposit Insurance Fund (DIF)! For every $100 you deposit there they have just forty-five cents is in the insurance fund. The FDIC's goal (as mandated by Dodd-Frank Act)  is to reach 1.35% reserve ratios by September 30, 2020. This would mean that they have $1.35 for every $100 you have on deposit. See the recently published memorandum by the FDIC.

Banks only have to hold a fraction of their depositor's money. What does this mean? If you deposit $1,000 into your bank account, the bank now has the legal ability to loan out 90% of this money to someone else. We know that there is approximately just 5% of American dollars circulating as actual currency.

In banking, they are only required to hold $1 in reserve for every $10 that they lend out. So if they take in $10, they can legally loan out $90.   Banks are inherently unstable as evidenced by the fact that between the years of 1981 to 1996 approximately 2,900 banks failed in the U.S. More recently, hundreds of banks have failed since January of 2008. Click on the following Link http://graphicsweb.wsj.com/documents/Failed-US-Banks.html to visually track bank failures over the last few years. Since 2008 there have been over 386 bank failures. There were ten bank failures in the last two months.  See the FDIC's official bank failure list: http://www.fdic.gov/bank/individual/failed/banklist.html

Many people are unaware that if just a small percentage of their bank’s clientele demanded to withdraw cash from their bank all at the same time, the money isn't there. So if everybody did a run on the bank, the money’s not there. Remember what happened to George Bailey in “It’s a Wonderful Life”? That’s a very real scenario that could happen again if we hit major economic turbulence.

IF there is any major shake in economic confidence in any way, there is a very small portion of that money that is actually paper, Federal Reserve notes. The rest is digital money that exists only in electronic form. It’s nothing more than a number.

On the FDIC's own website, they list out financial vehicles that are insured by the FDIC and financial products that are not. One such institution they list as not FDIC insured are insurance products.

David's talks about the history of the Insurance Industry and why insurance companies are inherently more stable. One example is that Insurance companies hold a dollar-for-dollar reserve on any deposits from their policy holders.

In the early 1900's, 50% of American's discretionary savings were held with life insurance companies. In fact, the year that ten-thousand banks failed, it was the insurance industry that provided the cash to the banks to help them get back on their feet, not the federal government.

Listen in as David talks about the FDIC in much more detail.

You can download a sample copy of David's upcoming book titled "Whose Future Are You Financing? What The Government and Wall Street don't want you to know. To read the first 16 pages go here: http://dlshowonline.com/download-sneak-peak/

David can be reached at 501-218-8880 or by email: David@DLShowOnline.com