2020 was a year that many would, understandably, prefer to put behind them. The Coronavirus Pandemic has changed our world in ways that it may never recover from, so the only thing to do is to put your best foot forward and make the most of today, in order to prepare for tomorrow. The last [...]
When planning your retirement income, it is important to remember to factor investment gains and expenses when deciding what type of investment vehicles you want to buy. Sometimes an attractive investment appears to be tax efficient, but the fees and expenses might negate the tax benefits. […]
One of the greatest challenges in life is to keep your financial house in order. It requires attention to detail and focus – both encumbering a large amount of time that you believe might be better spent making money, not ‘handling’ it. Unfortunately, this misconception keeps people working a lot longer and harder than they [...]
There are few things more rewarding and satisfying than being your own boss. As an entrepreneur you are able to shape your future in ways that are not possible while in the employment of others. However, there are milestones that must be adhered to. One of these is attending to the self-employment taxes for the [...]
The end of 2018 is just around the corner. You may not want to think about next year so soon, but getting your finances in order will start off your New Year right. Here are some simple steps you can take now that will save you a lot of time later. […]
No one likes to pay high taxes and if you play your financial cards right, you can reduce what you owe each year. There are a few basic steps almost everyone can take to reduce their tax burden and start investing. Every dollar you contribute will lower your Adjusted Gross Income (AGI) and lower your [...]
The tax laws passed in 2017 could save you plenty of money if you know what to do now. There’s a way for everyone to save, so read on for some of the best ideas for lowering your 2018 tax bill. Tax-deferred Savings You can’t take it with you! Contribute the maximum to your 401k [...]
The number of businesses who hire freelancers is growing every year. Generally speaking, it’s a win-win for both parties. Employers reduce the cost of benefits, pay for services only when needed, and can select from a larger pool of workers. Freelancers have flexible work hours, can work from anywhere, and work at any hour. However, [...]
You've filed your income tax with the IRS and breathed a sigh of relief; then you're notified that you're being audited. If the IRS taps you for an audit, don't panic. While you don't have a choice about the audit, you can choose to make it as painless as possible if you remember a few [...]
As tax time rolls around, many people look forward to getting a tax refund. Their first thought is often, “how can we spend it?” This year consider saving your refund instead of spending it. Over 30 percent of Americans have no savings at all and another 30 percent have less than $1,000 in a savings [...]
