Retiring on a Fixed Income? 3 Ways to Control 3 Major Life Expenses
29 December 2016
If you're going to be retiring on a budget—especially if fixed income sources like Social Security are a primary part of the plan—it's important to find ways to control and plan for costs. But, with so much about retirement always being up in the air, that can seem like an impossible task. However, you can control some retirement expenses with some pre-planning. Here are a few tips for controlling expenses in three categories: taxes, health care, and housing.
The Tax Benefit Of Donating Excess Restaurant Food To A Soup Kitchen
14 November 2016
Busy restaurants often have unsold food left over at the end of each day. Some of the food may be used the following day, but wholesome food is sometimes discarded. A practical solution for minimizing wasted food is available. Restaurants can receive a tax deduction in exchange for donating unsold food to a qualified charity.
Tax deductions for charitable donations are generally limited to the fair market value of donated items.
Are You Attempting A 1099 Tax Return For The First Time? Why You Need A Professional
14 October 2016
If you are working a sales position for the first time ever and you aren't sure how you're supposed to claim your taxes, there are some things you want to do to prepare, and calling a professional tax expert is one of them. Preparing your own taxes puts you at the risk of errors, especially when you have more things to worry about because of your job position and the field you work in.
Starting A Small Business? Here Are 3 Things To Consider When Choosing An Accountant To Work With
12 September 2016
Now that you've decided to start a small business, it's important to find a reliable accountant to work with who will help you balance your books and ensure that you're on the right track come tax time. Here are three things to consider when consulting with potential accountants:
Database and Procedure Creation
One of the most important considerations to make when consulting with potential accountants is database and procedure creation. As a new business owner, you shouldn't be expected to create an accounting database for your service provider to work within.