
IRS Releases Inflation Adjustments for 2021
Economy, Finance, InflationArticle Highlights:
Standard Deduction
Transportation Fringe Benefits
Retirement Plans Contribution Limits
SIMPLE Retirement Accounts
IRA Contribution Limits
Health Flexible Spending Accounts
Education Credits
…

Household Help: Employee or Contractor?
Accounting, Business, Finance, Personal Finance, Self-Employment, Small Business, Tax Planning, Tax TipsTaxpayers often will hire an individual or firm to provide services at the taxpayer’s home. Because the IRS requires employers to withhold taxes for employees and issue them W-2s at the end of the year, the big question is whether or not that…

Could Your Sales Invoices Be Better? How QuickBooks Online Can Help.
Accounting, Business, Finance, Finance Tips, QuickbooksEvery interaction with your customers can enhance your image. Here’s how QuickBooks Online contributes to that.
Getting paid by your customers—on time, and in full—can take some effort on your part. You set smart due dates and enforce…

Three Common Family Tax Mistakes
2018 Tax Laws, Finance, Finance Tips, Tax Tips, TaxesWhen it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The following are three commonly encountered situations and the tax ramifications associated with each.
Renting…

IRA Missteps to Avoid
Finance, Finance TipsArticle Highlights:
Selecting a Type of IRA
Missing out on the Saver’s Credit
Taking Distributions before Retirement Age
Failure to Keep Designated Beneficiaries Current
Overlooking the Spousal IRA
Failing to Recognize…

Kiddie Tax No Longer Based on Parents’ Tax Rate
Business, Economics, Finance, Finance Tips, Investment, Jobs, Personal Finance, Tax Reform, Tax Tips, TaxesArticle Highlights:
Parents Attempting to Shift Income to Children
Kiddie Tax
Tax Reform Changes
Tax on Child’s Unearned Income
Tax on Child’s Earned Income
Some years back, it was not uncommon for parents to put…

10 Mistakes Most Small Business Owners Miss When Starting Out
Business, Business Development, Corporate, Education, Entrepeneurship, Finance, GrowthThe process of starting a small business can be an arduous one; there are numerous steps that need to be taken — and often in a precise order — to legally establish a business. As a result, the process can be overwhelming. Unfortunately,…

How to Save Money on the Biggest Expenses in Your Budget
Finance, Finance TipsArticle by Anna Bahney | Found on CNN
Want to find some real savings in your budget? Cutting out lattes and avocado toast probably isn't the way to go.
Housing, transportation and food: that's what Americans spend almost 70% of their money…

New Tax Law Cracks Down on Home Mortgage Interest
FinanceArticle Highlights:
Acquisition Debt Interest
Equity Debt Interest
Consumer Interest
New Tax Law Changes
Note: The is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs…

How do I create a long-term financial plan?
FinanceArticle by Julia Carpenter | Found on CNN
Q: How do I create a lifelong finance plan and how much money will I need for all of those things? Emergency fund, wedding, buying a house, retirement, college savings for my future kids (how much…