December 19th, 2009
Employees often have too much of their employer’s company stock in their 401(k) or other retirement plan. Employees feel they know their company best, overlooking the risks of having too much of an investment in any one company, including their own. Read the rest of this entry »
Tags: risks of owing too much company stock
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December 10th, 2009
Beginning in 2010, the rules governing Roth IRA conversions will undergo a significant change. Read the rest of this entry »
Tags: 2010 Roth IRA rules
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December 1st, 2009
The new Worker, Homeownership, and Business Assistance Act of 2009 contains several key provisions affecting individuals and business owners. Here’s a brief summary.
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Tags: Homebuyer's tax credit, NOL carryback, tax law news
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November 18th, 2009
If you recently lost your job or have always dreamed about being your own boss, you may be contemplating a new business venture. Naturally, this is a risky proposition, especially during these turbulent times. Here are some practical suggestions to help you succeed.
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Tags: new business tips, starting a new business tips, tips for a new business
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November 15th, 2009
Time is running out on moves you can make to reduce your 2009 tax bill. Some actions to consider right now:
- Be sure to max out your 401(k) plan at work. This year you can sock away $16,500 ($22,000 if you’re 50 or older).
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Tags: end of the year tax review
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November 10th, 2009
As the end of 2009 approaches, a significant opportunity awaits many individuals. Beginning in 2010, taxpayers will be able to convert their traditional IRA (and funds that have been rolled over from a qualified plan) to a Roth IRA, regardless of their income level or filing status. What’s more, the tax on the taxable income generated from a 2010 conversion may be deferred until Read the rest of this entry »
Tags: 2010 IRA changes, 2010 Roth IRA changes, IRA news, tax bulletin
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November 1st, 2009
Credit card fraud has been around since the advent of credit cards, but the thieves have advanced with technology. At first, crooks used low-tech maneuvers like robbery, dumpster diving, or mailbox crashing to steal cards, statements, and merchant receipts. Although still popular, these methods are being eclipsed by Read the rest of this entry »
Tags: how to guard against credit card fraud, how to stop credit card fraud
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October 20th, 2009
If you run a business, you probably make many different kinds of purchasing decisions. You might buy some items infrequently and only one at a time (for example, computers). At the other extreme,
there are probably Read the rest of this entry »
Tags: business tax savings tips
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October 15th, 2009
Staying out of debt is simple, but it’s not easy. It requires fortitude. It means foregoing impulsive purchases in exchange for long-term financial freedom. Staying out of debt requires that you deny cravings, at least temporarily, for the “must-have” stuff that beckons from every Read the rest of this entry »
Tags: how to stay out of debt, staying out of debt tips
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October 10th, 2009
The IRS recently issued a news release reminding taxpayers to take advantage of the tax breaks provided in the American Recovery and Reinvestment Act of 2009, the stimulus law passed earlier this year. Read the rest of this entry »
Tags: IRS tax breaks, tax breaks IRS wants taxpayers to use
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