Money Management Articles
Do's and don'ts for paying your tax bill
About three-quarters of individual taxpayers received refunds last year,
according to Internal Revenue Service statistics. However, many people
find that they do owe taxes when April 15 comes around. If you fall into
that group, the Minnesota Society of CPAs (MNCPA) offers these
recommendations on the best way to settle your bill.
Five steps to achieving your financial goals
What do you want to do now, or next year, or five or 10 years down the
road? This is the time of year when people step back and consider where
they stand and how close they are to achieving long-held goals. No
matter what your objectives, there's no doubt that a sound financial
plan will put you in a better position to achieve them, according to the
Minnesota Society of CPAs.
Taxpayer identity theft on the rise: Know how to protect yourself
Taxpayer identify theft continues to increase in the U.S. In 2012, there
were 1.8 million incidents of identity theft and fraudulent tax
refunds, creating a $5 billion problem, according to the U.S. Treasury
Inspector General for Tax Administration. In the first half of 2013, the
number of tax-related identity thefts had already surpassed the 2012
Don't make these five online shopping mistakes
Online spending in the United States is expected to hit $370 billion by
2017, an increase from $262 billion in 2013, according to Forrester Research. Online shopping can be a great convenience, but CPAs advise
that there are steps you should take to ensure a safe and satisfying
Take control of holiday spending!
What are your holiday shopping plans this year? American retail holiday
spending totaled about $580 billion in 2012, according to the National
Retail Foundation, up 3 percent from the previous year. This is clearly a
time of year when people dig deep into their pockets to pay for holiday
gifts and celebrations, but that doesn't have to put a dent in your
budget. The Minnesota Society of CPAs (MNCPA) offers advice on how to
make smart spending plans.
Pump up your credit score!
Are you looking for a surefire solution that will lower the interest you
pay on your mortgage, car loans, credit card accounts and other debt?
If so, there's one easy answer: Raise your credit score. The Minnesota
Society of Certified Public Accountants (MNCPA) offers the lowdown on
why your credit score is important and how it can affect your financial
Should you buy or lease your next car?
If you’re thinking of replacing your car, you may also be wondering if
you should lease or buy the replacement vehicle. Leasing a vehicle used
to be commonplace only for businesses because of the tax write-off. But
now with deals like zero money down, low monthly payments or
zero-percent interest, leasing has become a popular option for the
Refinancing your home: What you should know before you make your move
The United States housing market is perking up -- so, too, are mortgage
rates. As home values rebound, homeowners are looking at options for
refinancing their existing mortgages.
How much is technology costing you?
How much do you spend on technology each month? Technology, and mobile
devices in particular, can definitely make your life easier, but they
also add to your regular expenses. The Minnesota Society of CPAs has
insights about technology spending that can help you keep your expenses
Tax tips for newlyweds
June is traditionally a time when couples tie the knot and, as is the
case with so many major milestones in life, all newlyweds should be
aware of the tax considerations associated with marriage. If you or a
loved one is planning nuptials, the Minnesota Society of CPAs offers
this advice on addressing the tax concerns.
Giving the gift of financial planning: A lifetime of financial knowledge wrapped up with a bow
June means longer days, the start of summer and invitations to weddings,
graduation parties and maybe a baby shower or two. Stuck for ideas on
what to give the newlyweds, graduates or new parents? This year,
consider something nontraditional that will last a lifetime and never go
out of style: a visit with a financial planner.
Five tips for living peacefully with 'boomerang kids'
Due to the recent recession and continuing economic weakness, more and
more adult children are still living with their parents or have moved
back in with them.
Is now a good time to buy or sell a home?
If you’ve been waiting on the sidelines to purchase a home, or to put
yours on the market, has the time for action finally arrived?
Life after bankruptcy - Getting your credit and finances back on track
More than 600,000 new bankruptcy cases were filed in the first half of 2012. If you were one of them, it may feel like your financial future is doomed. Not so, says the Minnesota Society of CPAs (MNCPA). While you will face challenges post-bankruptcy, you can chart a new financial course with a commitment to educating yourself, becoming more disciplined with your money and credit, and learning some valuable lessons.
Find more information on:
Get a referral for a CPA
This free CPA referral service is a convenient, confidential and proven way to find the accounting professional for you, your business or customers.