Do Your Own Tax

Do Your Own Tax

Do Your Own Tax in 3 Easy Steps for just $25

Tax time is not at the top of anyone’s bucket list for something enjoyable to do. But, the fact of the matter is, taxes have to be done, and on time. For a first-timer, it may seem a bit overwhelming to tackle this on your own. Once you understand the basics though, you’ll quickly discover that you can do your own tax without much effort. View full post…

Read More... Please comment

How To Do Taxes When Self Employed

How To Do Taxes When Self Employed

How to Do Taxes when Self Employed – Top 3 Tips

With the massive loss of jobs due to the pandemic, many individuals joined the ranks of the self employed. They became known as gig workers such as an Uber driver, Instacart shoppers, delivering for Amazon, and many others. It meant you had to know how to do taxes when self employed, and these taxes became a little more complicated.

If you worked for an employer at their office, for instance, all required taxes were withheld from your pay and sent in to View full post…

Read More... Please comment

File Taxes if Self Employed

File Taxes if Self Employed

How To File Taxes If Self Employed In 3 Easy Steps

If you’re a freelancer, or basically work for yourself, you’ll probably need to file an IRS Schedule C when tax time rolls around. This would include you folks that have a side gig, or maybe run a small business too. When you file taxes if self employed, you need to be aware of some of the tips that may save you time and your hard earned money.

We’ll cover who has to file a Schedule C – how it works – what it is, and what it does to your tax return. View full post…

Read More... Please comment

6 Benefits of Budgeting

6 Benefits of Budgeting

6 Benefits of Budgeting That Can Help You Live a Better Life

Okay, we know you hate to budget because you think it will be too hard to follow. Maybe, but if you create a realistic and workable budget with goals, it really isn’t hard at all. We’ll cover 6 primary benefits of budgeting to show you what the results can be.

Making a budget is an important financial first step and cannot be View full post…

Read More... Please comment

Is There a Tax on Inheritance?

Is There a Tax on Inheritance?

Do I Have to Pay Tax on Inheritance of an Estate?

A very broad answer to this question is maybe. Before we go into an explanation as to when an inheritance may be taxable, let’s differentiate between an estate tax and a tax on inheritance. These are two separate and distinct types of tax that can sometimes be very confusing.

What is an estate tax?

Think of this as a two-tier level of taxation. When someone dies, an estate tax may be levied on the total value of what he owned at the time of his death. This includes cash, investments, real estate, and anything not covered by these View full post…

Read More... Please comment

Stop Overspending

Stop Overspending

4 Ways to Stop Overspending

More often than not, overspending is the result of impulse buying. This can, and usually does, lead to an increase in credit card debt. It’s a bad habit that can be hard to break, but it can be done, if you set your mind to it. To stop overspending, you must make a few changes in your lifestyle.

A part of the problem is the incessant advertising we see on television and even when browsing the internet. The temptation to buy a product that you don’t need can be hard to resist. This is especially true when the advertiser says View full post…

Read More... Please comment

How to Pay Off Credit Card Debt

How to Pay Off Credit Card Debt

How to Pay Off Credit Card Debt

I know, I know, we’ve all been there, and it’s easy to say, but usually hard to do. What’s more, all of this credit card debt didn’t appear instantly, and it’s not going to go away instantly either. We’ll try to show you how to pay off credit card debt in a reasonable time frame, but it’s very important that you have your mind set to do it.

Getting rid of this bad debt may seem next to impossible, but it is absolutely possible. If paying your bills at the beginning of the month gives you a View full post…

Read More... Please comment

How to Get Car Financing with Bad Credit

How to Get Car Financing with Bad Credit

How to Get Car Financing with Bad Credit with Reasonable Terms

If you’re wondering how to get car financing with bad credit, it can be done. Before you take that step though, you need to consider the costs very carefully. Financing terms tend to be expensive if your credit is less than perfect

Because the lender feels they are taking on more risk with your lower credit score, you will be charged a higher interest rate. Unfortunately, that will increase your monthly payment as well. Like any other type of financing though, lenders consider your credit scores to see if you’re likely to View full post…

Read More... Please comment

Elder Financial Abuse – 5 Ugly Scams

Elder Financial Abuse – 5 Ugly Scams

5 Ugly Scams About Elder Financial Abuse

One of the very worst scams committed against the elderly today is elder financial abuse, and it appears to be getting worse. Practically every day now, we read about some form of cybercrime and its effect on society in general. Ransomware attacks were made on an oil pipeline in the U.S. and a few days ago, an attack against a meatpacker in Australia.

During 2020, the number of cybercrimes reported to the FBI View full post…

Read More... Please comment

Pay Off Debt or Invest

Pay Off Debt or Invest

Pay Off Debt or Invest – Which is Better?

Either one is an acceptable goal, but is one better than the other, or maybe you should do both? There are many opinions to the answer to this question, so let’s explore some of them. People who have created a budget and have extra cash, are sometimes faced with this dilemma.

So, should you pay off debt or invest that extra cash? A broad answer is there is no one size fits all situation. It all depends on a lot of factors surrounding your personal financial circumstances.

Using your spare cash to invest or View full post…

Read More... Please comment