Good Debt Versus Bad Debt

Posted on 13. Jul, 2021 by in Debt, Managing Finances, Small Business Tips

How to tell the difference Not all debt is created equal. Knowing the difference can change the way you look at your spending. Good debt adds value Good debt often leads to financial growth, because the product or service being purchased adds more value than the debt that comes with it. Student loans are usually […]

Continue Reading →

Small Business IRS Audit Mistakes

Posted on 08. Jul, 2021 by in IRS, Small Business Tips, Tax Tips

In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited by Uncle Sam. Mistake: Missing income. A long history of investigating has led IRS auditors to focus on under-reported income. If you’re a business that handles […]

Continue Reading →

Know This Number!

Posted on 29. Jun, 2021 by in Cashflow, Managing Finances, Revenue, Small Business Tips

Knowing your net worth and understanding how it is changing over time is one of the most important financial concepts that everyone needs to understand. This number is used by banks, mortgage companies, insurance companies and you! Your net worth impacts your credit score, which in turn impacts your interest rates and things as mundane […]

Continue Reading →

Hire Your Kids for Tax Savings

Posted on 25. Jun, 2021 by in Children, Employees, Family, Human Resources

Summer’s here, and most children are on their long-awaited summer vacation. If you own or manage a business, have you thought of hiring your children, nieces, or nephews for a summer job? If you do it right, it can be a win-win situation for everyone. The kids will earn some money and gain valuable real-life […]

Continue Reading →

The Wonderful World of Podcasts

Posted on 24. Jun, 2021 by in Family, Podcasts, Small Business Tips

It’s an audiobook! It’s a radio show! No, it’s a podcast! Podcasts have taken the world by storm over the past decade. It can be overwhelming to navigate the podcasting landscape. Here is what you need to know, whether you a podcast consumer or a first-time listener. Podcast basics Its beauty comes from its simplicity […]

Continue Reading →

Starting a Business Now Could Make a Lot of Sense

Posted on 18. May, 2021 by in Small Business Tips

The same factors that we’ve been dealing with for the past 12 months during the pandemic can also create an opportunity if you are considering starting a small business. Problems create opportunity For one thing, fewer businesses in the marketplace can mean fewer potential competitors. For a start-up company, that can be good news. Also, […]

Continue Reading →

Tax History Trivia!

Posted on 14. May, 2021 by in Misc. Articles

With the IRS moving tax day back for all U.S. filers for the second time in as many years, it’s time once again for a fun diversion by looking back at tax history! Test your tax knowledge using these questions to stump your friends and family. In 1861, President Abraham Lincoln enacted a flat tax […]

Continue Reading →

Answers to Common Tax Questions

Posted on 10. May, 2021 by in IRS, Tax Tips

With the May 17 tax filing deadline right around the corner, here are answers to some common tax questions. When will I get my refund? The pandemic and additional stimulus payments will, in all probability, delay refund payments. But as of now here are the old wait times to receive your refund. * E-file return with […]

Continue Reading →

Hiring Family Members – What You Need to Know!

Posted on 06. May, 2021 by in Employees, Family, Human Resources

Many business owners hire their children, their spouse, or other family members to work in their business. Sometimes this works out well. Other times it causes problems. Let’s look at the pros and cons of putting family members on your payroll. Hiring your children Hiring your kids for a summer or part-time job usually has […]

Continue Reading →

Your Identity is NOT Your Own!

Posted on 29. Apr, 2021 by in Identity Theft, Small Business Tips, Social Networking

How companies use your identity and what you can do to protect it. One of the most valuable things you own is YOU. Your identity includes the basics – where you live, your age, and your gender. But it also includes your interests, who you know, and what you buy. So, do you know who […]

Continue Reading →