Brazilian Business Man Guilherme Paulus

Guilherme Paulus, one of Brazil’s most successful businessmen, was born in 1949. He knew at a young age that he wanted to be a successful businessman. At the age of 20, he went to university to study business administration and accepted an internship with IBM. Four years later he met Carlos Vicente Cerchiari, a local government official. Carlos Vicente Cerchiari had an idea to expand and bring tourism to Brazil. Entrepreneur Guilherme Paulus had no money to invest at the time but he liked the idea. Cerchiari offered an investment deal to start a company named CVC where Paulus would be in charge of the daily operation.

Later that year, in Sao Paulo, they opened their first storefront. The two men went on to be business partners for four more years until Cerchiari decided to part ways from the operations. Guilherme  success journey as a businessman began at CVC’s first outlet selling tours. The outlet was located outside a cinema that got a constant flow of moviegoers. The location of the store was very beneficial. CVC continued to thrive by opening stores across Brazil in areas with adequate foot traffic. Since then, CVC has grown into the largest tourism company in Brazil and Latin America. As of recently, it has been estimated that there are around 1,200 store fronts operating around the world and with more than 3,000 employees.

In 2005, Guilherme Paulus invested over $600 million into a new company and named it GJP Hotels & Resorts. GJP Hotels & Resorts can be found in all major cities within Brazil. There are 14 hotels and resorts around Brazil including 3-star Linx hotels, 4-star Prodigy hotels and their ultra-luxury 5-star brand named Wish hotels. Guilherme Paulus has received quite a bit of recognition and awards for his involvement in the tourism industry over the years, even being named Entrepreneur of the Year in 2017. He believes his success comes from staying connected with his hotel business. He travels to different GJP properties several times a week to talk with clients, employees, and monitor their operation. Click here.

 

Beneficial IRA Tax Bill Saving Tips from US Money Reserve

The IRS contribution window will close on April 17, 2018, meaning there is still time to cut on the tax bill and improve your tax situation. The US Money Reserve offers some insightful tips on how contributing to the correct Self-Directed IRA reduces individuals’ liability and strengthens your retirement program.

Since IRS does have a limit to the number of retirement accounts one can have, using multiple accounts whose contributions go up to a given amount is beneficial. Opening a traditional IRA before the tax filing deadline for the year intended to qualify for contributions provides a current tax deduction and deters taxes on earnings and contributions until distribution. Read more: US Money Reserve Reports How to Protect Wealth From Increasing Global Risks in Exclusive eBook | PRNewswire

You can contribute up to $5,500 if you are under 50 years, and up to $6,500 if over, and if though one cannot reach the maximum contribution amount, a little saving is helpful in the long run.

Those in the 25% tax bracket can reduce their tax bill by $1,375 if they make out their IRA, where even a $500 contribution can save a $125 tax bill. It is essential to specify which tax-year you wish your contributions to be applied to.

If one of the spouses has earned income, they can contribute to the non-working spousal IRA lowering your tax bill and increasing your savings. For those who save in their IRA and have adjusted gross income for 2017 that is less than $31,000 individually, $46,500 as head of household, or $62,000 as a jointly married filing couple, they can qualify for saver’s credit. The credit amount for this is 50, 20, or 10% of the retirement plan or $2,000 IRS contributions and $4,000 if married filing jointly.

IRA allows tax refund funding that attracts a credit of 10-50 up to a specific amount. For those who need time to get their records straightened, they can file for a tax-filing extension. The US Money Reserve can help in IRA-approved gold and silver which is a way of diversification.

US Reserve is a leading US government-issued gold, silver and platinum legal tender products private distributor globally. Americans use US Money Reserve services to broaden their assets using physical precious metals mostly US gold and silver coins.

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Learn more about US Money Reserve:

https://www.huffingtonpost.com/author/angiekoch-usmoneyreserve-894
http://spectrumlocalnews.com/tx/austin/news/2017/11/16/us-money-reserve-gives-to-harvey-relief.html