Your Home is a Bundle of Tax Benefits
Your Home is a Bundle of Tax Benefits There are many tax benefits built into home ownership. Here is a review of the most common. The home gain exclusion. When you sell an asset for a profit, it creates a taxable event. If the asset, though, is your primary residence,...
The Trouble With 0% Financing
The Trouble With 0% Financing Companies want to make it easy to buy their big ticket items, especially at times of economic uncertainty. A popular technique is to offer 0% financing when you buy furniture, electronics and other household items. You can also take...
Hiring Family Members – What You Need to Know!
Hiring Family Members - What You Need to Know! Many business owners hire their children, their spouse, or other family members to work in their business. Sometimes this works out well. Other times it causes problems. Here are some of the key pros and cons of putting...
2023 Form W-9 & 1099 Check-In
2023 Form W-9 & 1099 Check-In Summer is officially over and as we near the beginning of the 4th quarter, we again want to remind you of the importance of making sure that you are well on your way in gathering the information you will need (or we will need) in...
Multiple Jobs: Be Prepared for Tax Surprises
Multiple Jobs: Be Prepared for Tax Surprises Working more than one job can help maximize income, but also potentially create a tax surprise. Here are several be aware of: Social Security Surprise As a full-time employee, the most you'll have to pay in Social Security...
6 Tips for Lower Car Insurance Rates
6 Tips for Lower Car Insurance Rates If you've been feeling the pinch of higher auto insurance rates along with other rising costs, you should know some factors that impact these rates are well within your control. Consider these tips to pay less this year and beyond....
2023 Form W-9 & 1099 Reminder
2023 Form W-9 & 1099 Reminder It is that time of year when you need to start preparing for issuing 1099-NECs and 1099-MISC. Early preparation assists you (or us if we are preparing on your behalf) in making sure your 1099s are prepared accurately and filed timely....
Thinking Differently: An Approach to Creative Problem Solving
Thinking Differently: An Approach to Creative Problem Solving Solving a difficult problem isn't reserved for only the world's greatest thinkers. Great creations are simply well-crafted solutions using organized, creative thinking. Here is a four step process so you,...
Mastering Your Credit Card (and Not the Other Way Around!)
Mastering Your Credit Card (and Not the Other Way Around!) The average credit card balance in America ballooned to $5,910 in 2022. This figure is up 13.2% from the year before, according to Experian, and it spells out a worrisome (and costly) trend for consumers....
When to Call: Common Situations that Require a Tax Review
When to Call: Common Situations that Require a Tax Review Taxes can affect many areas of your life. Here are some common situations when you'll want to schedule a tax review. Something changed in your life A change in your life could mean significant changes in your...