Welcome to Keller & Owens’ Blog. It brings you the latest tax and financial news that matter to your bottom line.

Credit Card Calculator

Should a Freshman in College Have a Credit Card?

Should you send your child off to college with a credit card? Opinions are divided, both among parents and financial advisors. It’s a situation that can work out really well or really badly, depending on the student and the parents. Read more

IRS file

Organizing Tax Records This Summer Can Help You Keep Your Cool

WASHINGTON – IRS Summertime Tax Tip 2012-16  – If the sweltering dog days of summer aren’t incentive enough to get out of the sun for awhile, the IRS suggests another reason to head indoors: organizing your tax records. Devoting some time mid-year to putting your tax-related documents in order may not only keep you out of the sun, but it should also make it easier for you to prepare your tax return when the filing season arrives. Read more

Taxes File Folder

Taxes are Due on Self-Employment Income

There is no income tax withholding on self-employment income, but that doesn’t mean you’re not required to pay taxes during the year. Read more

What’s Your Company’s Breakeven Point?

The figures on an income statement report the sales, expenses, and net profit or loss of a business. But these figures can be helpful in another way. They can be used to compute the breakeven point for the business. Knowing your breakeven point can help you run your operations more efficiently and profitably. Read more

coins

Watch Out for Scams if You Invest in Coins

Buying rare and precious coins can be an exciting hobby and, for some, a lucrative investment. Unfortunately, it’s also a business that’s rife with potential for con artists. As always, it’s wise to proceed with caution. Following a few simple guidelines can offer protection from unethical sellers.  Read more