Individuals who are working and who have low-to-moderate taxable income may qualify for this income tax credit. When you think about ways to offset your income as you’re preparing for income tax time, do you primarily consider the deductions you can take? Things like home mortgage interest, charitable donations, and taxes you paid that can […]
Are You Applying Finance Charges? Should You Be?
Assessing finance charges is a complicated process. But if you have a lot of late payments coming in, you may want to consider it. There are many reasons why your customers send in payments past their due dates. Maybe they missed or misplaced your invoice, or they’re disputing the charges. They might not be very […]
Drug Testing for New Hires is Important for Your Company
If you have been considering putting a drug testing program into place, you’re not alone. Up to 60% of new hires are now required to pass a drug test before beginning a new job. This isn’t surprising as drug use costs employers $81 billion dollars annually. Pre-employment drug testing can save your company money and […]
5 IRS Audit Red Flags
You may have done nothing wrong. But the prospect of an IRS audit makes everyone sweat. Many things probably go through your mind as you’re preparing a tax return or looking at one that’s been completed for you. Did I declare all of my income? Are all of the deductions I claimed legitimate? Do I […]
Credit Unions vs Commercial Banks
The great debate as to whether credit unions or commercial banks are more advantageous to consumers rages on. Both offer distinct strengths and weaknesses to consider, depending on what your banking needs may be. Credit Unions The biggest benefit for considering credit unions is that credit unions are not-for-profit organizations. Account holders are members with […]
5 Reasons Your Business Needs An Exit Strategy
If you are like most entrepreneurs, the last thing you are thinking about is how to exit your business. You are more concerned about growth, expansion and sometimes just making ends meet. Well, the truth is, all successful business people have a clear exit strategy as part of their overall business plan. Just what is […]