• Taming Monthly Bill Creep
• Tips to Improve Your Credit Score
• Debit Card Smarts
• The IRS Announces Tax Scams
• Watch for These Tax Surprises
• Six Simple Ideas to Help Your Small Business
• Money Management Tips for Couples
• Summer Jobs and Taxes
• Making Your Home Office a Tax Deduction
• The Benefits of Being a Sole Proprietor
• Debt: Gone But Not Forgotten by the IRS
• Review Financial Decisions When Interest Rates Change
• Cryptocurrency: The IRS is Watching You!
• Protecting Your Digital Footprint
• Small Business Tax Return To-Do-List
• Ideas to Improve Your Financial Health in 2022
• Five Great Money Tips
• Fake Products (and Money!) Are Big Business
• Year-End Tax Planning Ideas For Your Business
• Time to Schedule Your Tax Planning Session
• IRS Backlog of Historical Proportions
• Protect Your Valuables BEFORE Thieves Arrive
• Make the Most of Your Vehicle Expense Deduction
• Help! I Just Got a Letter From the IRS
• Manage Your Business's Unemployment Taxes
• The Hidden Tax Consequences of Cryptocurrency
• Building a Fortress Balance Sheet
• Taxes: These Basics are for Everyone
• Starting a Business Now Could Make a Lot of Sense
• What's New in 2021
• Organized Business Records Save Time and Money
• Your Identity is NOT Your Own!
• Seven Tips For Financial Wellness In 2021
• PPP Loan Expenses Are Now Tax Deductible
• Deductibility of Business Meals Provided by Restaurants in 2021 and 2022
• Ideas For Better Savings Rates
• Retirement Savings Tips for Small Business Owners
• Steer Clear of Money-Making Scams While You're Stuck at Home
• How to Build Your Emergency Fund - When You Have No Money
• Great Tips to Improve Your Credit Score
• What does the executive action deferring payroll taxes mean for employers and employees?
• Should You Incorporate Your Business?
• How to Eliminate a Tax Surprise
• New law provides relief for eligible taxpayers who need funds from IRAs and other retirement plans
• How Stay-at-Home Orders Change Money Habits
• IRS guidance provides RMD rollover relief
• Financial Questions to Ask Mom and Dad
• The New Face of Banking
• PPP borrowers get concessions, additional guidance on forgiveness
• SBA extends the PPP repayment deadline for self-certification
• Beware of Scams Tied to COVID-19 Economic Impact Payments
• Answers to Common COVID-19 Unemployment Questions
• CARES Act provides COVID-19 pandemic relief to businesses
• The IRS announces new COVID-19-related assistance for taxpayers
• 3 Major Charity Scam Red Flags
• 2020 Social Security Benefits
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• What Employers Need to Know About Assembly Bill 5
• Bill Collector Calling? Know Your Rights
• Tips to Protect Yourself From Tax Scams
• The IRS Is Not Always Right
• Select the Right Health Insurance for Your Business
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• Help Older Adults Stand Up Against Scams
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• How To Protect Your Social Security Number
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• What You Need To Know About IRS Audits
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• 7 Tax-Free Ideas to Bolster Your Business Benefits Package
• Stay prepared to sell your business
• How to File Nonprofit Taxes
• How to File Nonprofit Taxes
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• School yourself on the student loan interest deduction
• The 6 Biggest Threats to Your Finances
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• Retirement Contributions Get a Boost in 2019
• 5 Estate Planning Myths
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• IRS Urges Travelers Requiring Passports to Pay Their Back Taxes
• Scam Alert: IRS Urges Taxpayers to Watch Out for Erroneous Refunds; Beware of Fake Calls to Return Money to a Collection Agency
• Federal requirements for substantiating charitable contributions
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• FBI Warns of Online Dating Scams
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• Planning A Wedding Over The Holidays?
Plan For Taxes Too
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• Ready To Start Year-End Planning?
Focus On The Big Picture.
• Know When To Sell
• Put Your Tax and Financial House
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• Documenting your Business Travel and
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• Deducting Business Meals and
• Do Yourself a Favor by Filing
• Do I Need A CPA?
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• What To Do If You Can't Pay
• What To Do If You Haven't Filed
Common New Year's resolutions are to lose weight or become more active. Perhaps 2021 is the year to shift focus. Here are seven tips to help you become more financially fit.• Create a budget. It's easy to get into financial trouble if you spend more than you earn. By watching your budget more carefully, you might be surprised by how much you spend in certain areas of your life. Many banks and credit unions offer budgeting tools directly on their websites.
• Get a free credit report. You can obtain a free copy of your credit report from each of the three major credit reporting agencies every 12 months. Reviewing your reports regularly can help ensure the data in your report is accurate and allows you to contact creditors to dispute any errors.
• Pay down debt. Start chipping away at your debts through a series of regular payments. Begin with bills that have the highest interest rates. Research whether it makes sense to consolidate debts at a more reasonable interest rate.
• Review your investments. With recent changes in Washington, D.C. and market volatility, reviewing your investments is more important than ever. Protect yourself against risks by diversifying across different classes of investments. If you have not developed an asset allocation plan, do so. If you have, adjust your portfolio to ensure it is still meeting your objectives.
• Plan ahead for retirement. Take advantage of tax-favored retirement plans such as a 401(k) at work. Both the contributions and earnings are tax-deferred and can compound over time. The 401(k) limit for 2021 is $19,500 ($26,000 if you're age 50 or over). Also consider contributing to an IRA, which has a contribution limit of $6,000 ($7,000 if you're age 50 or older).
• Check your insurance coverage. Things can change over time, so don't assume the coverage you acquired years ago still provides adequate protection for your family or business. Take a look at your policies to determine if adjustments are needed.
• Save for emergencies. And finally, would you be financially prepared if your business failed or you lost your job? The COVID-19 pandemic has reminded us the importance of establishing an emergency fund that can last for several months if you lost your salary or business revenue dramatically declines.
Acting on all these tips may seem a bit overwhelming. By focusing on a few now, before you know it, your financial wellness will improve over time.