One of the main causes of federal income tax troubles is not paying enough income tax throughout the year. The United States income tax system is a “pay tax as you go” type of system. In other words, taxes must be paid as you earn income (wages, salaries, self-employment income, capital gains, etc.). Income taxes […]
One common challenge amongst individuals is making the most of every dollar they earn – money management. Even the most educated persons find themselves struggling with improving their finances. While there are many reasons for this, one primary cause would be our upbringing (what we were taught about the utilization of money) and habits
Many individuals agree that saving for retirement is important, but unfortunately, not many people actually put money aside for their future by participating in a retirement plan at work or one that has been setup for their business.. If you are one who falls in this category, it is important that you understand that
7 Reasons Why Saving for Retirement Shouldn’t be Ignored Read More »
Getting ready to file your tax return? One way to make sure this process goes as smoothly as possible is to make sure you have all the documents necessary to prepare your return. Getting your paperwork organized helps you avoid delays when filing your return, and also ensures your return is complete and accurate when
3 Documents you Need to Avoid Delays in Filing your Return Read More »
Many unwanted tax problems can surface for individuals working as freelancers and/or contractors. This list was created to bring awareness to the top misguided actions individuals often make in this type of situation.
7 Mistakes You’re Making Working as a Contractor Read More »
What’s the truth about retirement planning? There are many myths about retirement, including the belief that social security will be enough to provide income during this time. However, social security was only designed to meet your basic needs during retirement. If you are currently earning over $100K in salary, it is estimated that social security
Many business owners operate their business without giving consideration to how they would handle the loss of a key executive/leader should they pass. Not giving any thought to this factor, can leave your business in a financial catastrophic position should this happen.
3 Reasons You Should Consider life insurance for your business? Read More »
Move your firm from start-up to growth…. Starting a business is one of the most exciting endeavors you could ever undertake, but starting is the easy part. The challenge comes when you begin to seek ways of growing your small business. Often the challenges and seeming road blocks you encounter can cause your excitement to
3 Steps to get from Start-Up to the Growth Phase of Business Read More »
Whether you are in the start-up phase of business or the expansion phase, there will come a time when you will consider getting a business loan to help with cash flows or to purchase equipment, if you have not already. This blog will provide you with information that will help you be the most prepared
How Bankers See Your Business Before Asking For a loan Read More »
