Tag Archives
what is a 401k

What is a 401k? And, Why Should I Have One?

When students become young professionals, they soon realize adulthood requires a lot of financial planning. Most are quick to learn about managing their money. But one question stumps many recent grads: what is a 401k?

paycheck breakdown

Paycheck Breakdown 101: A Crash Course for College Grads

On the path to adulthood, the next step for college grads is a full-time job. Since many college grads haven’t yet passed Paycheck Breakdown 101, they may be shocked to learn how quickly their paycheck shrinks before it’s deposited.

irs scams

Learn to Recognize the 3 Most Common IRS Scams

Around tax season, it’s important for everyone to remain vigilant with protecting personal data because of an increasing number of IRS scams nationally. By learning these warning signs now, you can avoid becoming the next victim.

keeping accounting records for a small restaurant

Keeping Accounting Records for a Small Restaurant

Small restaurants, if they last any length of time, are always super busy preparing and serving meals, pouring drinks and cleaning up the mess. With customers continually coming in and out, a small restaurant owner’s time is at a premium. But when it comes to accounting a restaurant shouldn’t skimp. Our helpful hints for keeping accounting records for a small restaurant detail the right way to keep track of your books.

interest expense

Interest Expense Deductions You May Be Missing

Businesses and individuals begrudgingly pay interest, because it appears little is to be gained. This is not entirely true. Interest expense, in certain cases, is tax-deductible.

irs audit statute of limitations

IRS Audit Statute of Limitations: An Explanation

It’s a common misconception that the IRS has the power to audit anything or anyone at any time. By law, the IRS audit statute of limitations expires after three years. However, certain important exceptions you should know about can extend that audit window indefinitely.

investing your tax refund for retirement

Smart Options for Investing Your Tax Refund for Retirement

After tax day, we are rewarded with the fun task of deciding what to do with our income tax refund. Before buying anything this year, consider some of our smart strategies for investing your tax refund for retirement.

ways to invest a tax return for your future

5 Ways to Invest a Tax Return for Your Future

Don’t allow your tax refund check to burn a hole in your pocket. Instead, let your money grow. If you receive money back from the government this year, try one or more of our five ways to invest a tax return for your future.

irs audit myths

Unfounded IRS Audit Myths

Like old wives tales, IRS audit myths, often with little basis in reality, have been handed down through generations of American taxpayers.

contractor accounting methods

Contractor Accounting Methods Built to Your Specifications

Construction contractors typically work on different type, size and length contracts. Depending on these variables, recommended contractor accounting methods may differ. Before filing a Federal tax return, construction contractors of any business structure (sole proprietor, partnership or corporation) must choose a method of accounting.

So, why not start with your business tax planning and preparation now?

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