Sherman Financial

06/11/2025

We’re excited to announce the launch of our brand new website! Whether you're looking for financial planning, tax preparation, or small business bookkeeping, our updated site makes it easier than ever to learn about our services and get in touch. Take a look and see how we can help you reach your goals!

Sherman Financial is an independent, hourly and fee only financial planning and accounting firm based in Chapel Hill NC, and providing services worldwide. My goal is to provide a holistic approach...

11/07/2021

This chart should be on the front page/website of every US newspaper. It should have happened in April 2020, but I'll take it now.

View a measure of the most-liquid assets in the U.S. money supply: cash, checking accounts, traveler's checks, demand deposits, and other checkable deposits.

10/17/2021

Found in the "Old Business" section of a used bookstore. Look at these rates!

10/15/2021

One of my favorite research reports is the SPIVA index. The 2021 mid year report is worth your time - at least the summary:

https://www.spglobal.com/spdji/en/spiva/article/spiva-us

"The positive market performance broadly translated into good absolute returns for active fund managers. But relative returns continued to disappoint; in 15 out of 18 categories of domestic equity funds, the majority of actively managed funds underperformed their benchmarks."

03/26/2021

Friendly tax tip: Note your itemized deductions total. If they are close to your standard deduction, consider bunching donations.

A potential side effect of fewer taxpayers itemizing their deductions is that these taxpayers may choose to reduce or eliminate charitable contributions.

12/26/2020

How much did Santa's sleigh cost? Nothing, it was on the house!

Merry Christmas!

12/06/2020

Children under 14 are legally allowed to work in a very limited number of jobs: deliver newspapers, babysit, be a child actor, make evergreen wreaths, and work in non-hazardous parent owned businesses.

Wait, evergreen wreaths!

Somebody please find the story on how making evergreen wreaths was added to the list of acceptable child jobs.
https://www.dol.gov/agencies/whd/youthrules/young-workers/non-ag-under-14

08/02/2020

If you have ever thought "Oh I can never save that much!" Compound interest is your friend, along with consistency.

Note this math is based on linear returns, which it never is. But for the point of the article we will accept it.

https://fourpillarfreedom.com/the-math-behind-why-net-worth-goes-crazy-after-the-first-100k/

07/07/2020

A great calculator on S-Corp vs LLC (Schedule C) tax liability for those who like to play around figures. Note there is more to S-Corp than just an election...must do S-Corp tax return, take reasonable salary and tax withholding, etc. All of which take some additional effort and/or cost.

The Entity Selection Calculator is designed for Tax Professionals to evaluate the type of legal entity a business should consider, including the application of the Qualified Business Income (QBI) deduction.

04/23/2020

Long term investment? How about a 370 year old bond!

In the archives of Yale University, there's a 367-year-old bond from the water authority of Lekdijk Bovendams, in the Netherlands. And it's still paying inte...

03/22/2020

Follow up to the IRS' delay of 2019 tax filing and payment, but what about state returns?

Check the table at this link for up-to-date state details: