As a small business owner, tax liability is the money you owe the government when your business generates income. With changing laws and gray areas regarding deductions, exemptions, and credits, it’s no wonder small business owners rank taxes at the top of the list of the most stress-inducing aspect of business ownership. To reduce that […]
Selling Inherited Property? Tax Rules That Make a Difference
Sooner or later, you may decide to sell property you inherited from a parent or other loved one. Whether the property is an investment, an antique, land, or something else, the sale may result in a taxable gain or loss. But how that gain or loss is calculated may surprise you. Your Basis When you […]
Common Money Myths
Don’t let common money myths stand in the way of pursuing your financial goals. Just because a belief is widespread doesn’t mean it’s true. Take our quiz to see if money myths may be sidetracking your financial success. True or False? Money management strategies are for the rich only. False. Anyone can benefit from basic […]
Business Owners: Keep That Shield Intact
You face plenty of challenges as a small business owner. Finding ways to protect yourself against lawsuits is a major one. You may be able to add protection by structuring your business as a corporation or limited liability company (LLC). Both these entities may shield the owners’ or members’ personal assets from the company’s debts […]
A Very Smart Money Step for Gen Z
If you are in your first “real” job and starting to make decent money, odds are that you’re focused on enjoying your life, your friends, and your new freedom. You probably don’t think about an event that’s 40 or 50 years down the road — your retirement. Yet strangely, now is probably the best time […]
And to My Executor, I Leave My Passwords
What would the consequences be if, after your death, no one could access the information you have stored electronically? If you’ve protected your accounts or files with passwords, it could easily happen. Computers have changed the way we manage our personal and financial — and often, our professional — lives. And they’ve also created new […]