When you start thinking about the future, you start thinking about what you would like to do after you are done working. With people living longer and longer, there is plenty of time after retirement for you to go out and do all things that you want to do. However, there is no guarantee that there is going to be enough money for you to go out and do what you want to do unless you do everything you can to plan ahead and start funding your retirement. Read More»
As tax season arrives, there can be a lot of questions in people’s minds. If your income situation has changed since last year, you may even wonder if you need to file federal income taxes at all. To help answer this question, here is a handy guide to deciding. Who Could Be Affected? Since the vast majority of U.S. citizens and residents must file taxes each year, it can seem strange to contemplate not doing so. Read More»
Parent’s know that the expenses associated with raising a child quickly add up. By the time a child is 18, parents can expect to spend anywhere from $145,500 to $455,000, a range that doesn’t include the cost of college. Get ahead of your expenses by utilizing some of the tax benefits specifically designed for parents. Contribute to a Tax Advantaged 529 College Savings Account One of the most significant expenditures a parent will have is college tuition. Read More»
You may have started writing your blog because of a passion you have, but, if you’ve started making money with it, tax time can be somewhat stressful. As someone who isn’t used to running a business, you are likely to be making the following accounting mistakes because you don’t realize how your actions can affect you when it’s time to do your taxes at the end of the year. Not Separating Out Business Income and Expenses Read More»
Keeping an eye on your finances is key to a successful business, but it may not be your forte if you come from another background. There are some strategies that you can take to both have a strong handle on your finances and save most of your time for other tasks. Let a Specialist Do the Work First of all, there are several reasons to have a finance person who is designated to do most of the legwork. Read More»