Hiring A Family Member? How It Might Benefit You Both
30 September 2018
Hiring family members to help with your small business can be a way to draw everyone together with a common goal or get your kids a more solid start in their working life. But it may also be fraught with challenge when it comes to following the legal and tax requirements.
To help you find your way through this special employee process, here are the basic tax consequences of hiring your child, your parent, and your spouse.
3 Steps To Take In Your 30s To Protect Your Financial Future
25 July 2018
Being able to take care of yourself after you retire starts by making smart financial decisions in your 30s. During your 30s, there are various financial goals that you should aim to meet that will put you on a path towards a positive financial future.
#1 Develop an Emergency Savings
Ideally, in your 20s, you built up a small emergency savings that cover at least one-month worth of expenses, and ideally, up to three months' worth of expenses.
5 Basic Income Tax Forms That Affect Your Reporting and Tax Bill
4 April 2018
Tax forms are confusing for most Americans who must deal with them. But understanding the basics of your personal income tax return will help you ensure an accurate filing and the lowest tax bill.
To help you get started, here are the five most common tax forms that affect your tax bill in the largest ways.
1. Form 1040
This is your annual personal income tax return. It comes in three varieties based on how many forms of income or credits you report.
4 Tips For Getting Your Small Business Accounting On Track
27 January 2017
Being the owner of a small business can be a full-time job. You're sure to have some tasks that must be completed and days full of work that must get done. However, there is one thing you shouldn't neglect, and that is the accounting aspect of your business. The records you keep is the key to knowing the amount of profits you make or the losses you may have. Knowing some specific tips that can help you stay on the right accounting track are ideal.