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4 Tax Filing Tips That Can Save New Entrepreneurs Significant Money

Here are the five mistakes I made as a new entrepreneur to avoid as you prepare your 2023 tax return and proactively prepare for a less stressful tax year in 2024.

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Column: Consider Hiring Your Kids in 2024

Are you a business owner that reports business income and expenses on Schedule C of your form 1040? There is a special opportunity to reduce their income and self-employment taxes.

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Column: convert your IRA into a gift to heirs

Tis the season for giving. Well, here is an idea that some folks may really love. How to multiply what their non-spousal relatives can inherit from an IRA.

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Individual Income Tax filing season opens January 29

The filing deadline for both state and federal Income Tax returns is Monday, April 15, 2024.

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Get ready for tax season

Get ready for tax season
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Column: End of Year Tax Planning for Individuals

Last week I had some end of year planning ideas for businesses. This week, it is Individuals.

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Column: Tax And Financial Thoughts On Credit Card Rewards

Whenever Congress gets back to the business of passing laws, there is one bouncing around in dark halls of the Capital building called the “Credit Card Competition Act.” It is designed to lower swipe fees by giving merchants more choices among networks.

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Should You Consider a ROTH 401k?

Well, 2023 has been a much better year for 401k balances. Fidelity Investments has reported an annual increase of 8.3% compared to June 2022. The number of 401k participants with balances over $1 million has increased almost 29%.

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Financial Literacy Month with Money Mentors

Financial Literacy Month with Money Mentors
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Pensioners can 'sidestep' income 'tax trap' by utilising key pension rule | Personal Finance | Finance

Frozen thresholds have dragged around 500,000 more people into a tax net this year alone.

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