Understanding Tax Terms: Installment Sales
Understanding Tax Terms: Installment Sales Published: 7/14/2025 If you use an installment sale to help sell property, you can benefit from tax deferral and possibly lower your overall tax bill. But you need to watch out for certain tax traps if you do. Installment sale defined Generally, you create an installment sale when you receive […]
Be Prepared for Surprise Business Expenses
Be Prepared for Surprise Business Expenses Published: 7/3/2025 Getting a bill for an unexpected expense can put a dent in your business’s cash flow. Here are some tips your business can use to handle these unforeseen bumps in the road. Stick to a reconciliation schedule. Know how much cash you have in your bank account […]
Money Management Tips for Couples
Money Management Tips for Couples Published: 6/30/2025 Couples consistently report finances as the leading cause of stress in their relationship. Here are a few tips to avoid conflict with your long-term partner or spouse. Be transparent. Be honest with each other about your financial status. As you enter a committed relationship, each partner should learn […]
The Secret Life of Everyday Gadgets: What Your Devices Are Doing When You’re Not Using Them
The Secret Life of Everyday Gadgets: What Your Devices Are Doing When You’re Not Using Them Published: 6/27/2025 You put your phone down. Close your laptop. Step away from the smart speaker. You think you’ve hit pause, that the lights go out and the gadgets sleep. But no. The show goes on. Welcome to the […]
What Banks Don’t Tell You About Credit Cards
What Banks Don’t Tell You About Credit Cards Published: 6/25/2025 Credit cards may offer convenience and opportunities to build credit, but they also come with terms and conditions that aren’t always advertised. Here are several credit card secrets that banks may not tell you about. Minimum payments are a trap. Banks design minimum payments to […]
Seasonal Jobs and Taxes: What You Need to Know
Seasonal Jobs and Taxes: What You Need to Know Published: 6/23/2025 Summer work can be financially rewarding, but it can also come with tax consequences that are sometimes overlooked. Here are several ideas for managing your tax obligations that come with seasonal jobs. Keep it separate. If you mow lawns, babysit or do another cash […]
Be Prepared. Audits Still Happen.
Watch Out For These Tax Surprises Published: 6/19/2025 Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax code that could create a surprising tax bill. Here are some of the more common traps. Home office tax surprise. If you deduct home office expenses on […]
GREAT! You Have a Large Refund
GREAT! You Have a Large Refund Published: 6/13/2025 For some reason, some believe it’s better to receive than to give when it comes to filing taxes. While that may help your savings account, it’s not always a great idea. Here’s why. You are the bank. You are giving the IRS an interest-free loan. And now with […]
Research Your Preferred Charities
Research Your Preferred Charities Published: 6/10/2025 Summertime often sees an increase of natural disasters, with hurricane season soon after. You may want to help, but you want to make sure the organizations are not a scam. And while fewer taxpayers itemize deductions, those that do want to ensure there deductions are legitimate. Here are some […]
Making Bad News Good Tax News
Making Bad News Good Tax News Published: 6/4/2025 With the pending tariffs and turbulent markets, the last thing on most taxpayers minds is tax planning. But in the midst of all this turmoil is the potential for tax saving activity available to those willing to plan accordingly. Here is what you need to know. In […]