If you are one of the many individuals or families who purchase their health insurance through the federal or a state government health insurance marketplace and are receiving an advance premium tax credit (subsidy of premium available to those with low to moderate income) to help you pay the cost of that insurance, you should [...]
It is not joy that makes us Grateful, it is gratitude that makes us Joyful. This is the week of Thanksgiving and I wanted to write about all the wonderful things that I am grateful for….. In striving for success we all forget to stop and sometimes smell the roses. Its only when we stop [...]
More than 50 tax provisions that Congress routinely extends on a yearly basis expired at the end of 2014. The big problem is, each year they are extending the provisions later and later in the year, creating uncertainty for taxpayers on whether they can depend on these tax incentives or not. This makes tax [...]
One area where most small business owners can improve their cash flow is in billings and collections. A thorough credit check before you offer payment terms is not enough. Here are the six best practices that can make a real difference in your cash balance at the end of every month. 1. Get it [...]
If the IRS kept all or a portion of the federal refund you were expecting, it may be because you owe money for certain delinquent debts. If that is true, the IRS or the Department of Treasury's Bureau of the Fiscal Service (BFS), which issues IRS tax refunds, can offset or reduce your federal tax [...]
If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole proprietorship is a one-person business that reports its income directly on the individual’s personal tax return (Form 1040) using a Schedule C. There is no need to file a separate tax return as is [...]
Recently, I attended a conference! Yes, another one….. There are a lot of smart people to learn from…. This conference was all about building confidence in networking, changing your mindset and too many other subjects to list. One of the breakout sessions I was able to be a part of was a master mind. [...]
So I normally wouldn’t buy into the whole gossip girl thing. I believe that if you focus on what you have to do, you know that it is your God-given direction and you are doing what you love, it does not matter what people say. That is a true statement and I agree with [...]
If you’re a small business owner, then you know that gauging the performance of your business is one of the most difficult tasks you face. The indicators and measures that you work with on a day-to-day level are not necessarily reflected in the criteria and metrics that are provided on paper, and it’s hard [...]
In taxes, there is a saying: “Those who keep records win.” If you are an investor, you may have a variety of securities, including stocks, bonds, mutual funds, etc. When you sell those securities, naturally you want to minimize your gains or maximize your losses for tax purposes. Gain or loss is measured from your [...]