Summary: IRAs are tax-favored personal savings accounts that set aside money for retirement. Most people have heard of them, but not everyone knows the tax details. Click through to make sure you understand how the tax advantages work. IRAs — individual retirement arrangements — are among the most popular retirement savings vehicles. They can be used […]
Summary: Tax years are based on annual accounting periods in which you keep records and report income and expenses. A tax year may not be a calendar year. Click through to discover the myriad annual accounting periods you may or may not adopt. A tax year is an annual accounting period for keeping records and reporting […]
Summary: You can refinance a home to save money or make it easier to pay your monthly bills. But it can be tricky to figure out when a refi makes sense. Click through for details that will help you make the right financing decision. When you refinance, you get a new mortgage to pay off your […]
Summary: Is the lure of taking your company public becoming irresistible? Maybe it’s time, but there’s a lot to think about first. Click through to read an introduction to this complex and risky step so you know what you’re getting into. If you own a business, you may find yourself imagining that moment when […]
Wills and trusts are two of the most versatile and powerful tools you’ll have when making long-term plans for your estate. But what are the differences, and which one should you use? Click through for a review of wills and trusts. A will is a written document expressing your wishes for disposal of your estate […]
Whether your firm is experiencing rapid growth or struggling financially, you can turn to expert advice without expanding head count. Click through for information on hiring a CFO for a set period to get yourself on track. Your business is off and running, but you don’t feel you have a handle on the finances. What […]
Whether you have one employee or 1,000, you have to take responsibility for withholding and remitting Social Security taxes. Click through to make sure you know the basics and comply with the rules. The Federal Insurance Contributions Act (FICA) mandates that employers have to withhold, and also match, certain taxes. FICA consists of Social Security […]
Here’s some good news for you from the IRS as you get older: You get extra tax breaks. The Internal Revenue Code and other laws contain special provisions for the elderly. Click through to make sure you don’t leave anything on the table. Getting older has its perks, including tax breaks. Your income threshold for […]
Summary: Purchasing a car is a serious investment, but thoughtful financing can make it less painful. Click through for some advice on how to make the right choices to purchase the car you want. If you’ve ever asked for advice on purchasing a car, you’ve probably heard people talk about haggling with the dealer over the […]
Summary: No financial forecast is perfect, which is why there are so many different methodologies, each with its own strengths and weaknesses. Predicting your business outcomes starts with understanding which forecast is right for you. Click through for an overview of the different kinds of forecasts and how they work. There are many types of financial […]
