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There’s some debate among financial planners as to the best way to pay down debt…
The second quarter estimated tax payment is due in less than two weeks (June 15). Do you know if you need to make estimated tax payments?
The federal income tax system is a pay-as-you-go tax system. That means you pay taxes as you earn income throughout the year…
If you sell on eBay, or if you have an online business, listen up…
One of the questions I hear most often from eBay sellers is how to value inventory for purposes of preparing their tax return, especially if it was purchased at a garage sale, or if you used the item before you sold it on eBay.
For new items that you purchase for inventory, make sure you keep all of your receipts…
Many people ask me if they are required to report the profits they earn on items they sell on eBay on their income tax return. In short, yes.
If you sell items on eBay for a profit, then you should report your eBay sales on your income tax return, and you may owe income taxes on any profits…
Many eBay sellers start out as a hobby, or just to clean out their closets. Many times, this hobby can lead to a profitable business.
A hobby is an activity that you do simply because you love doing it, but it may also earn you some income…
Do you run out of money before you run out of month? Do you wonder where your money goes each month? Do you struggle to find money to invest for retirement, emergencies and other financial goals? Here are 10 tips to cut your spending and stretch your dollar to the max:
1. Consider dropping your home telephone line…
Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket:
1. Participate in company retirement plans. Every dollar you contribute will reduce your taxable income and thus your income taxes…
Ah the holidays… a time for parties, over eating, and over spending. Americans routinely overspend during the holidays, often resulting in increasing credit card debt to go along with that increasing waistline from too much pumpkin pie.
The holidays are stressful enough…
You’ve heard it a million times – cash can make or break a business. Lack of cash flow planning is the reason why many businesses fail. In fact, many PROFITABLE businesses fail because of cash flow issues. Without adequate cash, you can’t pay your bills and you can’t make plans for your business.
So… what is cash flow planning?..