Are You Withholding Enough for Your Taxes

  Time for a Checkup: Are You Withholding Enough for Your Taxes? August 18, 2021   As we are now half way through the year, it’s a good time to check your tax withholdings to ensure you haven’t been paying too much or too little. This is...

Turning Your Hobby Into a Business

  Turning Your Hobby Into a Business July 26, 2021   You’ve loved dogs all your life so you decide to start a dog training business. Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you...

Good Debt Vs Bad Debt

  Good Debt Vs. Bad Debt July 14, 2021   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 an example of good debt...

Ideas to Lower Your 2021 Tax Bill

  Five Ideas to Lower Your 2021 Tax Bill July 12, 2021   Now is the time to begin tax planning for your 2021 return. Here are some ideas: 1. Contribute to Retirement Accounts Tally up all your 2021 contributions to retirement accounts so far, and estimate...

What to Do with a Letter from the IRS

  What Steps to Take if You Receive a Letter from the IRS June 17, 2021   If you receive a notice from the IRS, do not automatically assume it is correct and submit payment to make it go away. Because of all the recent tax law changes and so little time to...

Know Your Net Worth

  Know Your Net Worth June 23, 2021   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...