The Benefits of Being a Sole Proprietor
The Benefits of Being a Sole Proprietor Many start-up businesses move from hobby status to a business when they start to make a profit. The tax entity typically used is a sole proprietorship. Taxes on this business activity type flow through your personal tax return...
Help Your High School Student Become Money Smart
Help Your High School Student Become Money Smart A dozen great topics! Often lost in the race to get kids through high school and on to life in the real world are basic financial skills. Here are a dozen financial concepts to consider explaining to your kids before...
Protect Your Emergency Fund From Inflation
Protect Your Emergency Fund From Inflation Most financial experts suggest keeping three to six months worth of household expenses in savings to help in case of emergency. But with record inflation, that task just got a lot harder to accomplish as virtually every safe...
State Tax Quiz
A Fun State Tax Quiz. Go Figure... A quiz to celebrate April tax month! With this year's April tax deadline right around the corner, here's a fun quiz that explores how states tax their citizens. So you think it's rough in your state? Try answering the following...
Hiring Your First Employee? Make It a Success!
Hiring Your First Employee? Make It a Success! Are you ready to hire your first employee? Perhaps you started a new business, and are working solo or with a spouse or business partner. Now the business is growing and there’s just too much to do. You find yourself...
Common April Tax Questions Answered!
Common April Tax Questions Answered! The individual tax deadline of April 18th (yes, this year it's April 18th!) is fast approaching. Here are answers to five common questions that taxpayers typically ask in April. What happens if I don’t file on time? There’s no...
IRS Debt Cancellation
Debt: Gone But Not Forgotten by the IRS With the ups and downs of our economy over the last 2 years, you may have had a loan or credit card balance forgiven or cancelled by a financial institution. You would think that the cancellation of debt by a credit card company...
Review Financial Decisions When Interest Rates Change
Review Financial Decisions When Interest Rates Change Interest rates are expected to increase this year in response to inflation that is running at a 40-year high. How will you be affected? Any interest rate revision can cause a ripple effect throughout the economy....
Tax Saving Tips for Parents AND Grandparents
Tax Saving Tips for Parents AND Grandparents Leveraging the kiddie tax rules With careful tax planning, you can use the kiddie tax rules to reduce your tax obligation. Here’s what you need to know. Background The term kiddie tax was introduced by the Tax Reform Act of...
Read the Fine Print
Read the Fine Print According to a recent Deloitte survey, 91 percent of people agree to terms and conditions without reading the legal agreement. While reading through legally complex language may be slow and painful, it’s more important than you think. Here are four...