by mariettacp | Jul 22, 2015 | Accounting News, Bookkeeping, Money Tips
If you own a vacation home (some boats and recreational vehicles also qualify) that you also rent out to others, keep track of who uses it during the year to maximize your tax breaks. * Meet the rules and receive tax-free income. If your home is rented for 14 or fewer...
by mariettacp | Jul 17, 2015 | Accounting News, Bookkeeping, Money Tips, Payroll, Tax Planning, Tax Preparation, Tax Tips
The IRS website contains useful information on how to avoid becoming a victim of identity theft, plus steps to take if you do become a victim. Here are the warning signs that you may have had your identity stolen: The IRS notifies you that more than one tax return was...
by mariettacp | Jan 23, 2015 | Accounting News, Bookkeeping, Money Tips, Payroll, Tax Planning, Tax Preparation, Tax Tips
Who have you designated as beneficiaries for your insurance policies and retirement accounts? If you can’t remember, you’re not alone. But it’s worth checking. If you make the wrong decision, it could affect who inherits those assets. In some cases,...
by mariettacp | Sep 17, 2014 | Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Starting and running a business is rarely a safe or simple process, and doing so with one’s spouse creates an additional layer of complexity. Whether that complexity will have a positive or negative effect depends on several factors. Here are some of the...
by mariettacp | Sep 16, 2014 | Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Participating in a 401(k) or similar retirement plan is a tax-advantaged way to save for retirement. If you have the option of participating in a 401(k) plan, avoid these five common mistakes. * Failing to participate fully. Too many employees opt out of the plan or...
by mariettacp | Sep 15, 2014 | Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips
The death of a spouse can be a devastating experience, both emotionally and financially. As the survivor, you’ll have to make important decisions while you’re in what could be the most vulnerable and distracted stage of your life. The suggestions that...
