Money

Is All “Income” Taxable?

You only have to examine your paycheck to realize that certain income is tax-free. For example, health insurance premiums paid by your employer are generally not includible in your income. Read more

“Basis” is Important to an S Corporation

Losses can be hard to take – so if you think your S corporation will show a loss for 2013, now’s the time to plan to make sure you’ll get the full tax benefit. Read more

Business startup

Avoid Growing Pains In Your Business

One way to kill your business is to grow it too fast. Many profitable small businesses have expanded at the wrong time and at the wrong level of increased costs. The result is that they never again make a profit. How does this happen? Read more

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Customer Service Tip: How to Keep your Customers Coming Back

Every successful business relies on a core group of customers who keep coming back on a regular basis. Sure, you’re always trying to find new customers and expand your market. But chances are that it’s the “regulars” who provide the bulk of your revenues. It’s important not to forget this group. Read more

Good Debt or Bad Debt: What Do You Have?

You’ve got debt! The question is, do you have good debt or bad debt? Even more important, how do you tell the difference before you take on any more? Here are two questions to ask before incurring any debt. Read more

Investment Calculator

What Investment Expenses are Deductible?

Whether you’re a stock market bull or bear, you have investment expenses – and you may be wondering if they’re deductible on your federal income tax return. Read more

Beautician

A Job Change Can Change Your Taxes

Planning to change employers this year? As you look forward to starting your new job, you’re probably not thinking about taxes. But actions you take now can have an impact next April – and beyond. Read more

tax calculator

It’s Tax Planning Time

It’s midyear 2013, and if you haven’t thought about your 2013 tax situation yet, it’s time to do so. By now, you should have a good idea of what your 2013 income and deductions will be. There are several very significant tax changes this year, and you need to start planning now if any of them will affect you. Don’t procrastinate or you could end up paying more tax for 2013 than necessary. Contact us to schedule your midyear review.

Accounting

Make the Most of your Professional Advisors

Who’s on your team? No, not your sports or reality-show dancing team, your business team, that group of professional advisors who are ready and willing to help you tackle tough financial decisions. Read more

Have a Financial Talk with Elderly Parents

One day you may find yourself taking care of an elderly parent who is in declining physical or mental health. This can be stressful, both emotionally and financially. On the financial side, there are steps you can take to prepare for this situation. Read more