Annual Tax Quiz – Is It Taxable?
Annual Tax Quiz - Is It Taxable? The IRS seems to always have a surprise up its sleeve for the unsuspecting taxpayer. Here's a fun True or False quiz to test your knowledge of what's taxable. Enjoy! If a thief steals someone’s property, he owes tax on the value of the...
Retirement Plan Options for Small Business Owners
Retirement Plan Options for Small Business Owners Offering a retirement plan can be a powerful tool when you’re competing to attract the best employees. And if you're a sole proprietor, a retirement account can help you save even more money for the future. Here are...
Oh No! Your Tax Refund is Now a Bill
Oh No! Your Tax Refund is Now a Bill Many taxpayers start preparing their tax return with hopes of receiving a sizable refund, only to find out that their actual refund is much smaller than expected — or that they actually owe the federal government money instead! If...
Important Moves to Consider When Interest Rates Change
Important Moves to Consider When Interest Rates Change A domino effect occurs each time the Federal Reserve changes interest rates. An increase leads to higher rates for consumers when they borrow, while paving the way to better returns for savings accounts. A...
Your Brain on Social Media
Your Brain on Social Media How to make online interaction better for your health More than half the world now uses social media sites such as Facebook, X, and Instagram every day. The average user spends about 2 hours and 23 minutes on these platforms clicking,...
Building an Emergency Fund When Cash is Scarce
Building an Emergency Fund When Cash is Scarce The traditional rule-of-thumb for emergency funds is to have enough cash stashed away to cover 3 to 6 months worth of expenses. For many people, though, this sounds better in theory than in practice. When you're starting...
Common Missing Tax Return Items
Common Missing Tax Return Items Want your tax return filed quickly and without error? Then, double-check this list of items that are often overlooked. These missing items often cause delays in getting your tax return filed: Forms W-2 and 1099. Using last year's tax...
Avoid a Penalty and Tax Surprise when Withdrawing from Retirement Accounts
Avoid a Penalty and Tax Surprise when Withdrawing from Retirement Accounts Retirement accounts that provide tax breaks have very specific rules that must be followed if you want to enjoy the financial rewards of those tax breaks. One of these rules defines WHEN you're...
File Your Business Return on Time or Pay the Price!
File Your Business Return on Time or Pay the Price! March 15th is the tax-filing due date for 2023 calendar year S corporations and partnerships. While this filing deadline does not require making a tax payment, missing the due date could cost you a hefty penalty. The...
Give Your Personal Brand a Boost
Give Your Personal Brand a Boost The idea of building a personal brand might seem intimidating, but the benefits can be career-altering. Not only does your brand promote you to the entire market, but it also solidifies your standing within your network, where most new...