Month: July 2016

Archive for July 2016

Paying Off Debt the Smart Way

Between mortgages, car loans, credit cards, and student loans, most people are in debt. While being debt-free is a worthwhile goal, most people need to focus on managing their debt first since it’s likely to be there for most of their life. Handled wisely, however, that debt won’t be an albatross around your neck. You…

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Tax Tips for Members of the Military

Special tax benefits apply to members of the U.S. armed forces. For example, some types of pay are not taxable, and special rules may apply to some tax deductions, credits, and deadlines. Here are ten of those benefits: Deadline Extensions.Some members of the military, such as those who serve in a combat zone, can postpone…

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The Best Financial Tool for Business Owners

What if there were a tool that helped you create crystal-clear plans, provided you with continual feedback about how well your plan was working, and told you exactly what’s working and what isn’t? Well, there is such a tool. It’s called the Budget vs. Actual Report and it’s exactly what you need to help you…

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Tax Compliance Issues for 501(c)(3) Organizations

Whether you’ve just started a 501(c)(3) organization, recently submitted your organization’s first Form 990, or are the executive director, it’s important not to lose sight of your obligations under federal and state tax laws. From annual filing and reporting requirements to taxes on business income and payroll compliance, here’s a quick look at what 501(c)(3)…

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Five Tips for Safeguarding Your Records

Some natural disasters are more common in the summer, but major events such as hurricanes, tornadoes and fires can strike at any time. It’s always a good idea to plan for what to do in case of a disaster. Here are some basic steps you can take right now to prepare: Backup Records Electronically. Many people…

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