How Your Kids Can Save You Taxes and Get Rich In the Process

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

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

3 Recordkeeping Tips For Tax Savings

Are You Getting All Your Deductions?

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

Where Should You Keep Your Money?

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

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