by mariettacp | Dec 19, 2016 | Money Tips
Suppose a relative gives you an expensive painting. Several years later, your relative dies and you decide to sell the painting. Your accountant says you’ll owe capital gain tax on the sale, and asks for your basis in order to reduce the amount on which...
by mariettacp | Dec 1, 2016 | Money Tips
Does a suggestion to boost productivity with time off sound counterintuitive? Research has shown that giving workers – and perhaps yourself, as a business owner – time off to recuperate from work demands can be energizing. Here are three ways your business can...
by mariettacp | Nov 29, 2016 | Money Tips
Did you know the national average wage index went up? You might have missed the news, but it’s likely you will notice one impact: higher self-employment taxes. How are the two related? The index is used to calculate the social security wage base, which is the...
by mariettacp | Nov 22, 2016 | Money Tips
While credit cards can be very useful financial tools, the borrowed money is not “free.” Here are two opportunities to share that lesson with your kids. When choosing a card. Show your kids the entire credit card lifecycle. Explain that when evaluating...
by mariettacp | Nov 10, 2016 | Money Tips
Once you reach age 70½, the required minimum distribution (RMD) rules say you have to withdraw at least a minimum amount from your retirement plans each year. Since the withdrawals are considered ordinary income, planning in advance can help you prepare for the impact...
