by mariettacp | Jun 24, 2013 | Money Tips, Tax Planning, Tax Preparation, Tax Tips
Many people have paid for credit life insurance without understanding what it is or how expensive it can be. If you borrow money for any purpose, your loan payment may include a premium for credit life insurance. Moneylenders such as banks, retailers, auto dealers,...
by mariettacp | Mar 4, 2013 | Money Tips, Tax Planning, Tax Preparation, Tax Tips
Emotions add zest to life. They propel us to our feet when our favorite running back scores a touchdown. They warm us at an inspirational concert or movie. But in the realm of business, emotions sometimes hinder good choices. In fact, business owners and managers...
by mariettacp | Feb 22, 2013 | Accounting News, Money Tips, Tax Planning
As the politicians in Washington start once again to tackle the same old problems, you're likely to hear more about a new way of measuring inflation called the “chained CPI.” The standard way to measure inflation has been with the consumer price index...
by mariettacp | Feb 21, 2013 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
A number of tax breaks that had expired at the end of 2011 or were to expire at the end of 2012 were extended by the recently passed law, the “American Taxpayer Relief Act of 2012.” Keep these deductions and credits in mind as you gather the paperwork for...
by mariettacp | Feb 21, 2013 | Bookkeeping, Money Tips, Tax Planning
Tax Tip for 2013…The IRS is reducing the record keeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use a new optional deduction calculated at $5 a square foot for up to 300 square feet of an area in a home that is used...
by mariettacp | Jul 5, 2012 | Money Tips, Tax Planning
Small businesses—defined as businesses with 25 or fewer employees and average annual wages of $50,000 or less—would be eligible for a credit of up to 50% of nonelective contributions the business makes on behalf of their employees for insurance premiums. (Effective...
