One often-overlooked tax benefit for business owners is putting their kids to work in their business. If you are self-employed, you can take advantage of this by paying your kids $6,000 each for performing services in your business. The business gets a tax deduction for the compensation, saving taxes on the parent’s tax return. Also,… Continue reading How Your Kids Can Save You Taxes and Get Rich In the Process
Category: Finance
8 Ways You and Your Bank Can Fight Credit Card Fraud
Criminals have become more sophisticated. Technology can now read and store your credit card information while the card is still in your wallet or purse. Even online stores sell stolen credit card information to anyone who can afford the cost! One study found that American consumers’ most common financial fear is debit card and credit… Continue reading 8 Ways You and Your Bank Can Fight Credit Card Fraud
9 Money Tips for Professionals
Personal finance still isn’t required in high school or college. This results in many young adults not having a good foundational knowledge of managing their finances. Fortunately, this subject isn’t complicated. A willingness to learn and do a little reading is required. With a small investment of time and energy, anyone can become fluent and… Continue reading 9 Money Tips for Professionals
6 Times When Paying Off Your Mortgage Is A Bad Idea
You might consider spending extra money on your mortgage to eliminate your debt more quickly. However, paying off your mortgage early isn’t always a good idea. Each situation is unique, and no solution is the right choice for everyone. Eliminating debt is a great idea, but it’s not always the best. Consider these reasons to… Continue reading 6 Times When Paying Off Your Mortgage Is A Bad Idea
5 Types of Federal Student Loans
Federal student loans are essential to financing your education, but there are a few different types. This blog post will outline the different types of federal student loans and their key features. This way, you can make an informed decision about which type of loan is right for you. Read on to learn more about… Continue reading 5 Types of Federal Student Loans
4 Types Of Student Loans – An Introduction
Whether you’re just starting college or are about to graduate, chances are you’ll need to take out at least one student loan. But with all the different types of loans available, it can be hard to know which one is right for you. Read on to learn more about the different kinds of student loans… Continue reading 4 Types Of Student Loans – An Introduction
Hacking Savings – Use A (Modified) Swear Jar!
Using the Modified Swear Jar System to Achieve Long-Term and Short-Term Savings Goals There’s no need to completely adjust your lifestyle to save for either a short or long-term savings goal. You can slowly but steadily add to your savings by using the modified swear jar system to add to your savings every day of… Continue reading Hacking Savings – Use A (Modified) Swear Jar!
10 Tips For Choosing A Lawyer
An ideal lawyer will not just have a string of impressive credentials or gold lettering on his door. They will be caring, concerned, and devoted to their work. You need to think carefully before laying your trust in a lawyer. After all, in some cases, your life, future, money, or property will be in his… Continue reading 10 Tips For Choosing A Lawyer
3 Recordkeeping Tips For Tax Savings
The last thing most people think about when starting a business is doing taxes. But proper planning will make your taxes much easier – and keep the IRS happy! Here are three simple tips for keeping proper records: 1. Whenever you buy anything for your business, keep the receipt! Not only will this make record… Continue reading 3 Recordkeeping Tips For Tax Savings
4 Steps To Take Control Of Your Finances
Probably your most minor favorite thing to do when you’re in financial hot water is to fully accept responsibility for what’s happened over the last few months or years. It’s not so much about self-blame but about staying keenly aware of your finances so you can protect yourself. Perhaps you were laid off from your… Continue reading 4 Steps To Take Control Of Your Finances