If you’re a business or self-employed, you have to deal with estimated tax payments. These are used to pay alternative minimum tax, income tax and self-employment tax. Many people find estimated tax payments to be a nuisance, and they wonder if they are mandatory.
Relocating can be an exciting adventure, filled with the anticipation of new experiences and better opportunities. But proper financial planning ahead of time is crucial to ensure that your move goes as smoothly and stress-free as possible.
Everyone deserves a chance to take a break from the day to day and take a vacation. Vacations are a time to relax, maybe explore a new place and enjoy some of the things that life has to offer with your discretionary income.
Receiving a tax refund can be a nice financial boost. Technically though, if you’re doing things well, you shouldn’t be getting a tax refund. You can make sure you don’t pay the government too much during the year with the help of a CPA.
In an era where traditional compensation packages are evolving, accepting stock options instead of a bonus or a raise is becoming a common practice, especially in the startup and tech industries. Companies often use this approach to conserve cash, motivate employees towards the company's success, and save on payroll taxes.
In an economy where uncertainty has become the only constant, protecting yourself against a recession is of utmost importance. It's an unavoidable fact that economies go through cycles. Periods of growth are often followed by slowdowns or recessions.
At some time or another, almost every small business owner has considered hiring their children to work in the family business. It's an attractive idea. The concept of passing down a business to the next generation is as old as the days of settling the Old West in this country. But things are more complicated now than they were back then.
Financial knowledge is a critical skill that, unfortunately, isn't typically taught in schools. By teaching your children how to save money from a young age, you're setting them up for a lifetime of responsible money management. However, as most parents know, kids often aren’t receptive to straight-out lectures about money from their parents.
