by mariettacp | Mar 17, 2014 | Money Tips
Are you considering withdrawing funds from your traditional IRA to pay unexpected medical costs? You may be hesitating because of the 10% penalty imposed on withdrawals made when you’re under age 59½. Since the 10% is calculated on the total you withdraw, the...
by mariettacp | Mar 15, 2014 | Money Tips
The IRS is urging taxpayers to be aware that tax-related scams using the IRS’s name become more frequent at this time of year. Here are the suggestions the IRS offers that can help protect against scams and identity theft. * Don’t carry your social...
by mariettacp | Mar 14, 2014 | Money Tips
Every week reporters publish stories about companies that have lost thousands, even millions of dollars because of fraud. They recount the dreadful details of business owners who learned – too late – that a lack of basic controls left their companies vulnerable to...
by mariettacp | Mar 12, 2014 | Money Tips
We all need an emergency fund, but what’s considered “an emergency?” Any unexpected hit to your finances, including layoffs, unanticipated illnesses, and natural disasters. Car insurance premiums and regular home maintenance are (or should be)...
by mariettacp | Mar 10, 2014 | Money Tips
The new IRS regulations on capitalization vs expensing are complex. But the part of the regulations that concerns most small businesses makes it easier for them to comply. Here’s an overview of the safe harbor rules for small businesses. If your average annual...
