Summer is just around the corner which can mean a change of pace around the office. Depending on your industry, your business could have a slower season, or it could pick up to be the busiest time yet. There are unique challenges and opportunities that every business owner should consider as we head into the […]
According to studies, nearly 53% of adults have anxiety surrounding their financial matters. This anxiety is largely due to a lack of education surrounding financial literacy. So, how can we begin talking about money with kids so that they are able to learn the basics surrounding finances and become financially literate? We have laid out […]
Those with an entrepreneurial spirit are itching to start a business. Finding a business that suits their talents is great, but they also want their businesses to make money and grow. It can be tricky to find the right type of business that fits passion and profit, but we have outlined some small businesses in […]
There are many misconceptions surrounding taxes. However, we don’t suggest taking advice from anyone other than a tax professional. We have highlighted some of the biggest tax misconceptions and have provided the accompanying, accurate information. Myth 1: Filing your taxes is voluntary Filing your taxes is reporting your income and taxes paid to the IRS. […]
Going into the full-time workforce can be nerve-racking. There are salaries to consider, new expenses obtained, benefits packages to analyze, and not to mention the endless number of the credit card offers you are receiving. In order to feel as prepared as possible as you enter into this new and exciting time, there are a […]
It is likely that in meetings with your financial advisors the topic of generational wealth has been discussed. Many people have different perspectives on if generational wealth is right for their families. However, to increase financial literacy, it’s important to know a few basics about generational wealth. What is it? Simply put, generational wealth represents […]
Financial literacy is the ability to understand and effectively use a variety of financial skills. Examples are money management, budgeting, investing, etc. According to Investopedia, people who are financially literate are less vulnerable to financial fraud and are more likely to achieve certain life goals such as saving for big life events, using debt responsibly, […]
Legislation has officially passed for taxpayers to obtain a third stimulus payment. The third round of Economic Impact Payments will be based on the taxpayer’s latest return from either 2020 or 2019. Payment Breakdown $1,400 for single filers $2,800 for married filing jointly An additional $1,400 for each dependent Individuals earning up to $75,000 would […]
On Thursday, March 11, the President signed into law the $1.9 trillion American Rescue Plan. While this does include another stimulus payment for eligible taxpayers, it also includes a large one-year increase to the Child Tax Credit. What is a Child Tax Credit? Child Tax credits were implemented to assist parents and/or caregivers to help […]
With the economic stimulus payments that were distributed in 2020, many questions have arisen. What happens if I didn’t receive my payment? What if I only received partial payment? What if I received it all? We will address what you should do for each of these scenarios as we head-dive into tax season. What amount […]
