2017 Jun

Top Six Tips about the Home Office Deduction

2017-06-20T15:48:49+00:00

If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either the simplified method or the regular method to claim [...]

Top Six Tips about the Home Office Deduction2017-06-20T15:48:49+00:00
2017 Jun

Business Use of Car

2017-06-19T23:01:50+00:00

If you use your car in your job or business and you use it only for that purpose, you may deduct its entire cost of operation (subject to limits discussed later). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can [...]

Business Use of Car2017-06-19T23:01:50+00:00
2017 Jun

Five Little Lines That Will Help You Save Big on Taxes

2017-06-19T22:56:48+00:00

• Business owners can sock away a maximum of $54,000 in a SEP-IRA or $12,500 in a SIMPLE IRA. • If you're 70½ and don't need your required minimum distribution, give it to charity. If you want to save money, dust off your 2016 tax return. Back in April, after your preparer filed your Form [...]

Five Little Lines That Will Help You Save Big on Taxes2017-06-19T22:56:48+00:00
2017 Jun

Almost half of Americans die nearly broke

2017-06-11T21:27:13+00:00

Almost half of Americans die nearly broke Americans aren't known for being great savers. In a recent GoBankingRates study, 69% of adults admitted to having less than $1,000 in the bank, while 34% said they actually don't have any savings at all. But apparently, this collective lack of savings doesn't get all that much better [...]

Almost half of Americans die nearly broke2017-06-11T21:27:13+00:00
2017 Jun

5 things to give up if you want to be debt-free

2017-06-11T21:23:38+00:00

5 things to give up if you want to be debt-free Debt is easy to rack up — but hard to pay off. That's why it's no surprise that Americans surpassed $1 trillion in credit card debt last year, the highest level since the Great Recession. However, if you're willing to buckle down, becoming debt-free, and doing it [...]

5 things to give up if you want to be debt-free2017-06-11T21:23:38+00:00
2017 Jun

Why you shouldn’t expect much from Social Security

2017-06-11T21:21:09+00:00

Why you shouldn't expect much from Social Security Social Security provides the foundation for retirement plans for millions of Americans, but that foundation is in seriously bad shape. According to the program's own trustees: It's already spending more cash than it takes in through taxes today, By 2020, its trust funds will start depleting, and [...]

Why you shouldn’t expect much from Social Security2017-06-11T21:21:09+00:00
2017 Jun

Accounting tips for small businesses

2017-06-07T02:33:10+00:00

Accounting tips for small businesses Accounting is one of the necessary tasks of any successful business, however monotonous it may be. Properly managing your business accounts helps you make sure you’re not losing unnecessary money, that your employees are getting paid, taxes are being filed, and more. To keep your business out of the weeds [...]

Accounting tips for small businesses2017-06-07T02:33:10+00:00
2017 May

3 Social Security surprises that may leave money on the table

2017-05-29T18:45:32+00:00

3 Social Security surprises that may leave money on the table Almost a quarter of future retirees who expect to receive Social Security either guess or don't know how much their benefits will be. Newslook Even if your retirement is years away, it's a good idea to periodically check in on your Social Security benefits. Why? To [...]

3 Social Security surprises that may leave money on the table2017-05-29T18:45:32+00:00
2017 May

Backdoor IRAs: Another way to save on taxes in retirement

2020-12-14T14:26:58+00:00

Backdoor IRAs: Another way to save on taxes in retirement Unless you've filed an extension with the Internal Revenue Service, the 2016 tax year is now history. You're probably ready to take a break from thinking about taxes at all, but there is no time like the present to consider how you might save on [...]

Backdoor IRAs: Another way to save on taxes in retirement2020-12-14T14:26:58+00:00
2017 May

Why your 401(k) can be a cash drain

2017-05-29T18:39:08+00:00

Why your 401(k) can be a cash drain Everyone's heard of stretching to buy a McMansion and becoming "house poor." But what about saving too much for retirement and ending up "401(k) rich and cash poor"? Don't snicker. It can and does happen — often to investors with both good savings habits and good intentions for their financial future. These model savers later [...]

Why your 401(k) can be a cash drain2017-05-29T18:39:08+00:00
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