How Your Tax Withholdings Can Teach You How to Save Money
With tax season in full swing, people are finding themselves either happily or unpleasantly surprised with their refund. However, many people are unaware of a method that can increase the size of your refund and teach you how to save money at the same time. By adding money to the ‘additional withholding’ line, you’re taking…
Employees Not Pulling Their Weight: It’s Time to Let Them Go
No manager enjoys the firing process. But when employees aren’t pulling their weight, there’s no reason to keep them around and risk hurting the company even further. Below are some instances when you just have to say enough is enough, it’s time to let this employee go: No Call/No Show – When an employee fails…
Information About New Rules for Individuals with Foreign Bank, Brokerage and Stock Holdings
Individuals with business or personal ties in a foreign country who may have a foreign bank account, securities account or signature authority over such account are now responsible for filing two new forms – TD F 90-22.1 and Form 8938. The TD F 90-22.1 form, or FBAR statement, must be filed if the aggregate value…
Revised Standard Mileage Rates for 2012
Recently, the Internal Revenue Service (IRS) released the standard mileage rates for use in 2012. Taxpayers can use these rates to calculate the deductible costs of operating an automobile. Currently, the rate for business use of an automobile is 55.5 cents per mile. For medical or moving expenses, the rate is 23 cents per mile,…
The 7 Deadly Sins of Credit Card Use
Credit cards can make or break a financial situation, depending on how the cardholder uses them. If used in moderation and paid on time, credit cards can improve your credit score and supply you with numerous rewards. However, if used poorly, credit cards can make your life a living nightmare. Below are seven deadly credit…
Simple Steps to Automate Bill Pay
Paying your bills on time can be a struggle for the average working American. Why not relieve some of the burden and set up automatic bill pay to eliminate the possibility of late payments. Follow the tips below to automate your bill paying and personal financial management in order to make life a little easier:…
The Advantages and Disadvantages to 401(k) Loans
For more information on borrowing from your 401(k), visit U.S. News.Due to a struggling economy, many people are having trouble finding the funds to pay off debt or cover a down payment. And with banks tightening their lending criteria, more people are looking into withdrawing from a 401(k). Consumers find this appealing because the money…
Things to Consider When Choosing Your Tax Preparer
Due to a complicated tax code and tedious forms, filing taxes is rather unappealing for most of us. That’s why many people are choosing to hire a professional to help them out during this year’s tax season. Everyone’s tax situation is different and who you choose to hire to prepare your taxes varies. However, there…