Author: James C. Yochum, CPA

James C. Yochum, CPA, brings a wealth of experience in accounting, tax preparation, planning, and resolution, particularly for high-net-worth individuals. His journey began as the CTO & Accounting Consultant at a student led start-up in college called Launch Services, and later to being a Staff Accountant at one of Iowa's largest private hospitals, where he honed his skills in maintaining GAAP-compliant records, managing capital budgets, and driving process improvements through Lean Six Sigma projects. James later transitioned to public accounting, gaining deep expertise in tax and estate planning under the mentorship of a veteran CPA. These experiences led him to establish Corridor Consulting, a firm that now serves clients both locally and virtually across the USA and overseas.

The Biggest Tax Deduction Is Not Always the Best Investment

Illustration comparing bonus depreciation tax savings today with a future tax bill and reduced wealth from a real estate investment.

A large tax deduction can feel like winning. But tax savings and wealth creation are not the same thing. You buy an investment property. Your tax bill drops. You keep more cash. Everyone involved feels smart. But a lower tax bill does not automatically mean you became wealthier. That is the mistake many investors make. […]

How Banks Create Money: Where Does Your Mortgage Money Actually Come From?

Infographic showing how banks create money for a mortgage, from loan approval and deposit creation to reserve settlement and payment to the home seller.

Have you ever wondered how banks create money or where the funds for a new mortgage actually come from? Most people imagine a bank as a giant piggy bank. Customers deposit money, and the bank takes some of that money and lends it to someone else. That explanation is simple, but it is incomplete. Modern […]