May 17, 2012

Depreciation Write-Offs For Your Business

Business-Write_off

More and more businesses are discovering that purchasing business equipment like machinery, equipment and other assets is easier than ever. Why? The Unemployment Insurance Reauthorization and Job Creation Act of 2010 has created a “bonus” depreciation write-off category for businesses. The cost of certain capital investments may now be substantially reduced with the combined use [...]

Make Filing Taxes Easier by Keeping Good Records

Filing-Taxes

Taxes are a hassle. That’s just all there is to it. Most people cringe when tax season rolls around, and rightfully so. Most of us even have to file a tax extension at some point just to get it all done. Getting the right records together and filing taxes properly can be one of the [...]

Roth IRA vs Traditional IRA vs 401K

Difference Between Roth and 401k

What’s the difference between a Roth IRA, a Traditional IRA, and a 401K. ? This is a common question I have heard from friends and co-workers looking to start saving for their retirement. All through school we were pounded with the talks of start early and you’ll make more in the long run. Well I [...]

Help: I Missed the Tax Deadline

Thousands upon thousands of people miss the tax-filing deadline every year. Believe it or not, many of those people choose to not even file, risking future trouble if they are ever audited. If you are one of those people who missed the tax deadline this year, then there are certainly many available options that will [...]

Donations Will Help Your Bottom Line at Tax Time

We all know where I am going with this. It seems that every time you turn around there is another business or entity asking for donations. Before you blow the opportunity off you need to realize that donating to non-profits that carry a 501(c)(3) tax-exempt status from the IRS can actually help your bottom line [...]

403b Retirement Plan Options

Many of us have seen this type of plan flashed around before. Are you interested in what exactly a 403b plan is and whom it is tailored to? If you are a civil government employee, a University employee, or an employee that works at a not-for-profit company, then you are well aware of what a [...]

Why Does the Government Collect Taxes?

One of the things that people generally frown at is taxes. If there is one thing that could generally affect your personal finance status that would be your taxes. If you do not want to get in trouble with the law, you need to pay your taxes. The Reason for Taxation At some point or [...]

Is It Safe to Do Your Taxes Online?

With the advent of the Internet, things have considerably changed. You do not have to go to your local post office to send out a letter. Nowadays, you can receive emails from the opposite side of the world within seconds. Everything can be done through the Internet. You can even settle personal finance transactions online. [...]

Tax Deadline Extended

Good news for those in the northeastern United States affected by Monday’s major storm: the government has extended your tax filing deadline by 48 hours. The Internal Revenue service decided that due to bad weather, lost power, and public transportation issues, victims of the storm will have two more days to file taxes without fear [...]

One Week To File Taxes

Though the deadline for filing taxes was extended by a few days, now is the time for action. Don’t forget to keep copies of all tax forms for your records. After you’ve completed the tax forms, talk about filing taxes with your kids. Allow them to look at your returns and ask questions. This is [...]