Know Your Rights When Debt Collectors Call

Posted on 19. Sep, 2017 by in Bookkeeping Articles, Small Business Tips

At some point you may be on the receiving end of a debt collection phone call. It could happen any time you are behind on paying your bills, or if there is an error in billing. In the U.S. there are strict rules in place that forbid any kind of harassment. If you know your […]

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Save on Insurance By Raising Deductibles

Posted on 12. Sep, 2017 by in Bookkeeping Articles, Small Business Tips, Tax Updates

Having insurance for your home and vehicle is essential to ward off financial disaster should accidents occur. Unfortunately, insurance policies continue to become more expensive. One of the things you can do to lower your insurance cost is to consider increasing your coverage deductibles. Higher deductible, lower insurance cost Deductibles are the out-of-pocket cost you […]

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Say Goodbye to the College Tuition Deduction

Posted on 05. Sep, 2017 by in Bookkeeping Articles, Small Business Tips, Tax Updates

It’s hard enough to watch your child leave for college. Now you also have to say goodbye to the tuition and fees tax deduction. Congress decided not to extend this $4,000 deduction for 2017, leaving many parents worried that college will now be more expensive. But it isn’t as bad as it sounds. That’s because […]

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Don’t Forget to Review Your Insurance

Posted on 29. Aug, 2017 by in Bookkeeping Articles, Small Business Tips

When was the last time you reviewed your insurance coverage? An annual insurance review makes good financial sense. Here are points to consider as you review your various insurance policies. Health care. If you have an individual policy, investigate whether your employer, union or professional association offers a less expensive group policy. Long-term care. Long-term […]

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Is Your HSA a Retirement Tool?

Posted on 22. Aug, 2017 by in Bookkeeping Articles, Small Business Tips

The Good, the Bad and the Ugly Health Savings Accounts (HSAs) are a great way to pay for medical expenses, and since unused funds roll over from year to year, the account can also provide a source of retirement savings in addition to other plans like 401(k)s or IRAs. But be aware HSAs can also […]

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The Most- and Least-Taxed States for Retirement

Posted on 15. Aug, 2017 by in Bookkeeping Articles, Small Business Tips

When it comes to choosing where to live during retirement, weather isn’t the only consideration. State and local tax laws have a big impact on your nest egg. The charts here show the highest and lowest state tax rates and costs of living, from data provided by nonprofit think tanks the Tax Foundation and the […]

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Common Mistakes When Buying or Selling a Business

Posted on 31. Jul, 2017 by in Bookkeeping Articles, Small Business Tips

It is said with every major purchase there’s some kind of remorse either on the part of the buyer or the seller. This can be especially true when buying or selling a business. No matter which side of the negotiating table you sit on, there are some critical areas that could leave you with feelings […]

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How Much Do You Need to Retire?

Posted on 24. Jul, 2017 by in Bookkeeping Articles, Small Business Tips

Most Americans simply don’t save enough for retirement. Nearly half of working-age households don’t have any retirement assets, according to the National Institute on Retirement Security. Of those working-age households close to retirement (age 55 and above) nearly two-thirds have less than one year’s worth of their annual salary in retirement savings. The goal: a […]

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Five Home Office Deduction Mistakes

Posted on 17. Jul, 2017 by in Bookkeeping Articles, Small Business Tips

If you operate a business out of your home, you may be able to deduct a wide variety of expenses. These may include part of your rent or mortgage costs, insurance, utilities, repairs, maintenance, and cleaning costs related to the space you use. It is a tricky area of the tax code that’s full of […]

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Zombie Billing: Automatic Payments Have a Life of Their Own

Posted on 10. Jul, 2017 by in Bookkeeping Articles, QuickBooks, Small Business Tips

The turn it on and forget it nature of automatic payments can create “zombie billing” cycles that go on without being reviewed or challenged, even after the product or service you pay for is no longer of value. Here are some ideas to keep this from happening to you: Create a list. Make a list […]

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