November 2019 Individual Due Dates
Here are the November 2019 Individual Due Dates
6 Simple Personal Finance Tips That Lead to a Big Payoff
No matter your current financial situation, these six personal finance tips can help you boost your savings, decrease debt, and much more.
Retirement Planning
70-1/2 or Older? Avoid an IRS Penalty by Taking the Correct Retirement Plan Distribution
If you are age 70-1/2 or older and have a traditional IRA, a 401(k), or a SEP IRA, the tax law requires you to take at least a minimum amount â referred to as
For Business
Are You Subject to Self-Employment Tax?
Self-employed individuals, unlike employees, don’t have someone withholding Social Security or Medicare (FICA) taxes along with pre-payments toward their
Personal Finance
Smart Money Moves to Make Once You Turn 50
Entering your 50s brings many transitions. With retirement on the horizon, itâs crucial to make the right decisions to set yourself up for financial stability
Earned Income Tax Credit: Used, Abused and Altered
Any discussion of the earned income tax credit (EITC) needs to begin with a discussion of why Congress created it in the first place. It has a twofold purpose:
Disaster-Related Tax Losses May Be Less Than Expected
The late-2017 tax-reform package changed the rules for personal casualty losses, which now are only deductible if they occur in a federally declared disaster ar
Tax Problems
What Is the Statute of Limitations on Unpaid Taxes?
Did you know there is a little-known statute of limitations for tax debt collections? Learn more about when this rule kicks in & what conditions must be sat
Tax Issues Related to Hobbies
Generally, when individuals have a hobby, they have it because they enjoy it and are not involved in their hobby with the goal of making money. In fact, most ho
For Business
Who Owes You? 5 QuickBooks Online Reports That Can Tell You Fast
Keep a constant watch on your accounts receivable to improve cash flow.