June 11, 2018

The annual report of the trustees of Social security and Medicare confirmed that this year the social security will be paying out more in checks than it will be taking in in revenue. So Social Security has to dip into its savings and that savings will run out by 2034 u...

January 27, 2018

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Inter...

January 1, 2018

Whether you’re a busy sole proprietor, a boutique shop owner, or a restaurant owner with employees who depend on you, accounting software is a powerful tool in your small business toolbox. A lack of proper bookkeeping and accounting software could be holding you back....

November 13, 2017

A credit card is a wonderful financial tool when used properly and if you pay off your balance in full every month. They are a necessary part of day to day transactions. I think everybody should have a credit card for the free 30-day credit, that is if you pay off your...

October 30, 2017

Contributions to 401(k) plans are intended to be used for retirement and as a result, withdrawals are generally taxable and potentially subject to early withdrawal penalties. The money is supposed to be earmarked for retirement and that is why it has tax preferences. N...

May 22, 2017

1. Pay your bills on time. Pay more than the minimum required amount if you can. Set up a recurring payment online to avoid late payments. 
2. Pay down your balances, and keep those balances low by making multiple payments throughout the month.
3. Avoid negative items...

February 1, 2017

The reason to have an emergency fund is simple: You don’t know what’s going to happen in life. Money magazine states that 78% of us will have a major negative financial event in any given 10-year period. You need to have cash ready to help you survive when that happens...

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Whether you’re a busy sole proprietor, a boutique shop owner, or a restaurant owner with employees who depend on you, accounting software is a powerfu...

Is a Lack of Accounting Software Hurting Your Small Business?

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