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News
I Owe Tax on That?
Wages and self-employment earnings are taxable, but what about the random cash or financial benefits you receive through other means? If something of value changes hands, you can bet the IRS considers a way to tax it. Here are five taxable items that might surprise you:
Read more ...Headed to the Fair? Avoid These Spending Traps
If you’ve ever attended a state or county fair, you know it’s really easy to spend a lot of money, and fast. The best way to avoid overspending is to know the problem areas and be prepared. Here are five typical fair spending traps (and tips to avoid them):
Read more ...Smart Tactics to Manage Student Debt
According to the Federal Reserve, U.S. student loan debt is now $1.5 trillion with more than 44 million borrowers. Only mortgage debt currently has bigger numbers among types of consumer debt. Even worse, more than 10 percent of these loans are past due. Here are some tactics to help make student debt easier to manage:
Read more ...Cash Flow Concepts That Can Save Your Business
A sad and oft-repeated truth is that half of all new businesses fail within the first five years. Although many factors contribute to business failure, a common culprit is poor cash management. All businesses, large and small, must deal with the uncertainty of fluctuating sales, inventories and expenses. Follow these practices to moderate the ebb and flow of cash in your business:
Read more ...Effective Tax Planning Starts Now!
With summertime activities in full swing, tax planning is probably not on the top of your to-do list. But putting it off creates a problem at the end of the year when there’s little time for changes to take effect. If you take the time to plan now, you’ll have six months for your actions to make a difference on your 2019 tax return. Here are some ideas to get you started.
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Weekly Tax Tip
21 August 2019
Weekly tips to help you better understand tax and financial situations.-
How to Maximize Deductions for Assisted Living
If you have a loved one residing in assisted living, there are plenty of tax deductions available, but you need to know the rules and have a plan.
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The Marriage Penalty is Alive and Well
Whether you're changing your filing status in 2019 because of marriage, divorce or another event (or it's staying the same), understanding how the marriage penalty works is key for your tax planning.