Archive for August 2016
Get Familiar With These Estate Planning Documents
Basic estate planning begins with completing documents that allow your last wishes to be carried out as you choose. But are you familiar with the documents you’ll need? Here’s a list of common estate planning documents and their purpose. Advance Directive. Your instructions for end-of-life and quality of life wishes regarding medical treatments. Share your…
Read MoreCan’t Keep Up with Bills? QuickBooks Online Can Help
There are more pleasant accounting tasks than paying bills, but QuickBooks Online organizes and simplifies this critical chore. How does your company keep track of its bills now? If you’re like a lot of small businesses, you’re still dealing with a lot of paper. You may have a paper or electronic calendar where you enter…
Read MoreWhat’s Your Personal Net Worth?
Net worth is a familiar term, but you may not calculate or watch it in the same way you track your income. Yet personal net worth is a valuable measurement tool for overseeing your financial success. In a nutshell, net worth is total assets less total liabilities, such as debts. Here’s an example. Say your…
Read MoreClose Is Not Good Enough With New Reporting Rules
The old adage “close only counts in horseshoes” is an accurate reflection of the new IRS information reporting rules. Beginning with 2016 returns, due dates for Forms W-2 and certain Forms 1099 have been moved up, and the penalties for late or inaccurate forms have substantially increased. Here are the new filing deadlines and reporting…
Read MoreYour Child’s Allowance Offers An Opportunity for Financial Education
Do you give your child an allowance? A recent report by the American Institute of Certified Public Accountants showed that more than two-thirds of American households provide an allowance to children, and that the allowances average $68 per month in exchange for six hours of household chores. If you’re considering giving your child an allowance,…
Read MoreReduce Fraud In Your Business With Prevention Strategies
When it comes to fraud, the old adage about a small amount of prevention being worth a large amount of cure is spot on. Investing in prevention methods can be more cost-effective than spending time and money on clean-up after a fraud has been detected. Here are suggestions to help prevent fraud in two key…
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