Tax season doesn’t have to be a nightmare for small business owners. If you own a small business, note the following tips to help you survive the upcoming tax season. 1. Prepare in advance! Even if you’re not as prepared as you’d like for the current tax season, you can always resolve to be prepared […]
The Money Market: The Basics You Need to Know
Investors should consider the advantages and potential risks before investing in money market mutual funds. If you’re looking for a place to park money temporarily or if you’re simply trying to maintain a cash cushion, a money market mutual fund may be an investment to consider.1 Money market mutual funds typically invest in high-quality, short-term […]
Top Tax Benefits of Real Estate Investing
Real estate investing comes with significant tax benefits. Find out how to identify the top tax strategies for maximum benefit and how to use them to your advantage come tax time. As with all deductions, consult your tax accountant for the most up-to-date on what is/is not allowed regarding tax deductions related to real estate […]
How to Improve Your Cash Flow
Slow paying customers, seasonal revenue variations, an unexpected downturn in sales, higher expenses — any number of business conditions can contribute to a cash flow crunch. If you own a small business, you may find the suggestions that follow helpful in minimizing cash flow problems. Billing and collections. Your employees need to work with clear guidelines. […]
The Family Foundation: Sharing Wealth and Values
A family foundation can be a tax-efficient way to share some of your estate with causes that are important to you. Donating to charities whose work is important to you can be a satisfying way of sharing the fruits of your financial success. But finding the most effective vehicle for charitable giving can be challenging. […]
How Mutual Fund Investments Are Taxed
Do you invest in mutual funds? Unless you hold your investment in a tax-deferred account, you’ll want to consider taxes when you look at a fund’s returns. After all, it’s not what your fund earns but what you keep that counts. Distributions of Fund Income Mutual funds are required to distribute almost all of their […]