Why Proactive Planning is More Important Than You Realize
Financial PlanningThere's an old saying that reminds us "if you fail to plan, you plan to fail." Whoever coined that phrase was talking about the world of small business accounting whether they realized it or not.
Financial and tax literacy aren't just an…
Crucial Steps You Can Use To Take Control of Your Finances in 2022 and Beyond
Finance Tips, Financial PlanningAs the old saying goes, "If you fail to plan, you plan to fail." Whoever coined that phrase was absolutely talking about finances, whether they realized it or not.
According to one recent study, a general lack of financial education costs…
The Ins and Outs of Bookkeeping: All the Best Practices to Get the Best Financial Outcome From Your Organization
Finance Tips, Financial PlanningIf you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don't think enough about until it's far too late, bookkeeping would undoubtedly be right at the top.
On a surface level, bookkeeping…
4 Ways to Stop Your Overspending
Debt, Finance Tips, Financial Planning, Personal FinanceIf opening your credit card bills, your checkbook, or your wallet are traumatic events, you may have a problem with overspending. It’s nothing to be ashamed of, and you’re certainly not alone, but there’s a good chance that it is keeping…
Transferring a Primary Residence to Children
2020 Tax Laws, Financial Planning, Gift Tax, Inheritance, Tax TipsFrom the FI Tax Guy
How do you pass your family’s house to your children? It’s a pressing question and involves significant tax, legal, and emotional considerations. Unfortunately, it is a topic about which there is much confusion.
This…
10 Things to Know About Credit Scores
Debt, Finance Tips, Financial PlanningOnce you get above a certain age, you start hearing about a magical thing called a credit score. You hear that everybody has one and that you need to do everything you can to bolster it. You hear that there are things you can do to hurt your…
Wealthy Taxpayers May Want to Strategize for Potential Tax Increases
2019 Tax Laws, 2020 Tax Laws, Financial Planning, Tax Planning, Tax Tips, TaxesArticle Highlights:
Skyrocketing Government Spending
Federal and State Deficits
Tax Increases in Our Future
Tax Strategies
The outcome of the November elections could have a significant impact on taxes for the wealthy. The COVID-19…
Couples and COVID-19: Here are 5 Ways to Work Together During the Pandemic to Protect Your Finances
COVID-19, Financial PlanningThe coronavirus pandemic has changed our lives in many ways, and whether you’re thinking about the physical and social aspects or the financial aspects, there is no clear end in sight. The American economy has fallen to a dramatic degree,…