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Forward Thinking For Your 2019 Taxes

November is a wonderful start for holiday season with several traditions to match: pumpkin-spiced everything, no-shave November (apologies to those spouses affected), watching football and of course ... Thanksgiving.   Sorry to interrupt all those festivities, but it also happens to be a perfect time to strategize. (Add that to ...

Common Small Business Mistakes To Avoid

1. Incorrectly Reporting Income   If you over or under-report your income, you could be facing an audit or in some cases, fraud charges. The occasional error is inevitable. But you can prevent future mistakes by keeping accurate reports.   The IRS will compare your reported income versus any payments ...
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Sales Tax 101

Whether you’re starting a new business or expanding into e-commerce, here’s what you need to know about your sales tax obligations.   What is sales tax?   Sales tax is a retail point-of-purchase tax imposed by state and local governments that is paid by the purchaser for goods and services. ...

King’s 5 Steps To Affect Your Credit Score

“A man should always consider how much he has more than he wants.” -Joseph Addison   If you want to fix your credit score, you need to know what your current score is. Most creditors rely on the three-digit FICO credit score, which ranges between 300 and 850, when determining ...

Financial Record-Keeping: A Simple Guide For Households

The period in which our founders wrote the Declaration of Independence seems like such a different world than does today — and not simply because of the vastly different technological and lifestyle landscape (though that’s certainly significant).  As a tax professional, I have a certain fondness for Independence Day — ...

How Pulling Money From Your Retirement Can Make Or Break You

Generally speaking, when considering taking a retirement distribution from a 401(k) plan, IRA, Roth IRA, 403(b) or other qualified retirement plans before you are 59 ½ will cause you to be hit with a hefty 10% penalty on the distribution. There may be less expensive ways to take care of ...

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