Raising a Financially Savvy Child
Raising a Financially Savvy Child If you have children or grandchildren, you have an opportunity to give them a jump-start on their journey to becoming financially responsible adults. While teaching your child about money and finances is easier when you start early,...
Tax Court Corner
Tax Court Corner Here’s a roundup of several recent tax court cases and what they mean for you. Thou Shalt Not Commingle Funds (Vorreyer, TC Memo 2022-97, 9/21/22) Don't let sloppy record keeping prevent you from deducting legitimate business expenses. The Tax Court...
Social Security to See Significant Adjustment for 2023
Social Security to See Significant Adjustment for 2023 Your 2023 Social Security Benefits Find out how your benefits have changed Average Retirement Benefits Starting January 2023 All workers in 2022: $1,681/mo All workers in 2023: $1,827/mo (+$146) The 2023 maximum...
Ingredients of a Successful Business Partnership
Ingredients of a Successful Business Partnership Like a bundle of sticks, good business partners support each other and are less likely to crack under strain together than on their own. In fact, companies with multiple owners have a stronger chance of surviving their...
New Terms and Trends: Do You Know Them?
New Terms and Trends: Do You Know Them? Just like clothing and fashion trends, new phrases and terms have a way of inserting themselves in every day language. For some, these phrases are overused and annoying. For others, these terms do an acceptable job of explaining...
Ideas to Improve Your Personal Cash Flow
Ideas to Improve Your Personal Cash Flow One of the most common reasons businesses fail is due to lack of proper cash flow. The same is often true in many households. Here's how this concept of cash flow applies to you along with some ideas to improve it. Cash flow...
Still Time to Reduce any Tax Surprises!
Still Time to Reduce any Tax Surprises! Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you started. Review your income. Begin by determining how your income this...
Handling Negative Online Reviews of Your Business
Handling Negative Online Reviews of Your Business Here are some ideas on handling those pesky online business reviews. The best defense is a great offense. You don’t have to address negative reviews if you never have them in the first place. Proactively identify...
Long Term Care: A Financial Dilemma
Long Term Care: A Financial Dilemma Long-term care costs that drain your nest egg is a financial pothole that is hard to avoid. Here are some ideas to help manage this hazard. How much is needed Here's how much money you'll need for three different types of senior...
Taming Monthly Bill Creep
Taming Monthly Bill Creep Paying bills is inevitable, but paying too much is not. Here are some tips to help you get a handle on your recurring monthly expenses. Investigate your recurring services. Start by taking stock of every service you are currently using....