Summary: As more people are working out of their homes, the home-office tax deduction is becoming more popular. However, it can get complicated as you try to separate home from business expenses. Click through for some tips on understanding the rules. Good news if you have a home office! You may be able to deduct […]
Summary: You know it’s important to take out a life insurance policy to provide financial protection for your loved ones. But should you take out a term or whole life insurance policy? And what’s the difference between these policy types? Click through to learn how to make a good decision. You have many life insurance […]
Summary: When you inherit assets other than cash, the assets are subject to a provision within tax law that adjusts the asset’s tax cost to its fair market value at the time of the original owner’s death. This adjusted value helps reduce your tax burden, sometimes even eliminating capital gains taxes on past appreciation. Click […]
Summary: Taking your small business to the next level does not come without risk, especially during uncertain times. Click through for signs that will help you decide whether the time to grow your business is now. The most successful small-business owners are not the ones who only have great original ideas. They are successful because […]
How to Deduct Business Travel Expenses Summary: Business travel expenses are one of the biggest costs for many businesses. Whether you are working as a freelancer staff worker, there’s a lot you can do to save. Click through for tips on documenting and substantiating your travel expenses to avoid IRS scrutiny. Ordinary and necessary travel […]
Summary: Are you struggling to pay your bills each month? Are your credit card balances growing? Is the balance in your checking account dropping toward zero by the end of each month? Click through to learn what a credit counselor can do for you. You don’t need to be in a financial crisis to work […]
Health Savings Accounts: How Do They Work? Summary: Health savings accounts serve as a tax-advantaged way for your employees to save for qualified medical expenses. They also let you lower your business’s payroll tax responsibility. Click through to see how to offer this medical-spending nest egg to your employees. Health savings accounts can be advantageous […]
Don’t Fall for the ‘Carry a Balance’ Credit Score Myth Summary: Building a strong three-digit FICO credit score is important if you ever want to apply for a mortgage, auto, student or personal loan. Fortunately, building a higher score isn’t complicated. Click through for tips on improving your score. A dangerous myth You might have […]
Summary: Business owners who invest in job seekers who have faced barriers to employment are eligible for the Work Opportunity Tax Credit. Click through to see how this act works, and how it may apply to your businesses. The WOTC is an incentive to hire workers who typically have difficulty in finding jobs, including certain […]
Summary: Want to boost your odds of qualifying for a mortgage loan with the lowest interest rate? You’ll need a strong FICO credit score and more. But the key factor is consistency. Click through to find out why that is the key issue. If you work as a freelancer or independent contractor, your income might […]