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Financial fraud and seniors: What you need to know - 1/21/2016
What can you do to protect yourself or your older loved ones from this kind of crime? The Minnesota Society of CPAs (MNCPA) provides insights on how fraud can happen and steps you can take to avoid it.

Have you attained your American Dream? - 1/21/2016
The Minnesota Society of CPAs (MNCPA) offers some perspective and a few practical tips you can use to try to turn your situation around.

Preventing financial infidelity in your relationship - 12/15/2015
The recent Ashley Madison hack may have revealed some interesting things about extramarital affairs. However, there are far less obvious forms of infidelity that can be equally damaging to a relationship, one of which is financial infidelity.

Budget-friendly travel tips - 12/15/2015
About 99 million Americans traveled at least 50 miles from home during the last holiday season, according to the American Automobile Association (AAA).

Be a smart shopper for the holidays - 11/30/2015
In past years, Americans' holiday spending has averaged around $700, for a total of $465 billion, according to the National Retail Federation. Get budget tips for this year.

Start planning your summer vacation today - 11/30/2015
It's never too early to start thinking about warm weather, a cruise in the boat or a hike up a mountain. December is the perfect time to think about the money you'll need to meet your summer vacation needs -- especially with your wallets likely wedged open for holiday shopping.

Five things to know about home insurance coverage - 11/13/2015
What would happen if your home was damaged or broken into? Average insurance claims range from about $3,600 for theft to just more than $37,000 for fire or lightning damage, according to ISO, a Verisk Analytics company. When you're making decisions about your home insurance coverage, the Minnesota Society of Certified Public Accountants (MNCPA) recommends keeping this advice in mind.

Aging in place: Four questions to consider - 10/29/2015
The Centers for Disease Control and Prevention define "aging in place" as being able to live in one's home and community safely, independently and comfortably, regardless of age, income or ability level.

Why not try wearable technology on for size? - 10/29/2015
Is wearable technology going to be around for a while? It's certainly gaining more traction and popularity each day.

What goals can you accomplish with a trust? - 10/15/2015
Should a trust be part of your estate planning? Trusts are typically associated with the very rich, but a surprising number of people use them to solve a variety of problems or achieve a range of different objectives.

How women can build for a secure retirement - 10/15/2015
Women carry a lot of responsibilities on their shoulders, and sometimes considerations like saving for their own retirement may fall through the gaps.

Make sure you've got the right approach to charitable giving this holiday season - 9/30/2015
Make sure you're prepared for the holiday season of giving, not only for your protection, but also so you can get the proper tax benefits from your donation.

Did you forget to save for retirement? - 9/14/2015
Will you have enough to live on during your golden years? Roughly one-quarter of Americans are not sure they will have sufficient funds for a comfortable retirement, according to an Employee Benefit Research Institute survey, and only 18 percent are very confident they will.

Annuities -- basics, pros and cons - 9/14/2015
Many things in life are uncertain and retirement is no exception. The recent stock market plunge is proof enough. With longer life spans and unpredictable economic factors, investors are looking for ways to stretch their retirement dollars. Annuities are one way to help provide you with a steady stream of income during your retirement years.

Tax considerations (and advantages) for small businesses - 9/2/2015
Are you thinking of launching your own business? Approximately 800,000 new businesses open each year, according to Bureau of Labor Statistics data. When these young companies get started, it's critical for their owners to understand the many rules and regulations that apply to them.

Back to work after retirement: How Social Security, taxes and health care may be affected - 9/2/2015
The old notions about retirement have, well, retired. Rather than leaving work at 65 and going fishing or focusing on gardening, many retirees are celebrating retirement by going back to work.

Tax credits that can help lower college costs - 8/24/2015
Are you looking for ways to minimize the costs of higher education? The average cost of tuition and fees for a four-year college education can range from about $40,000 for in-state students at a public college to nearly $135,000 at a private one, according to College Board data. Fortunately, there are some tax laws that can help lower your outlays.

The tax advantages of home ownership - 8/17/2015
If you own your own home, there are some significant tax advantages that can make the prospect more affordable. As a result of the uncertain economy, the federal government has also recently extended a popular tax credit through June of this year and broadened the number of people who qualify.

Three things to know about reverse mortgages - 8/4/2015
One of the retirement planning resources that has gained interest in recent years is the reverse mortgage. A reverse mortgage allows you to convert part of the equity in your home into cash without paying additional monthly bills. If you're 62 or older -- and want money to pay off your mortgage, or pay for other expenses -- you may consider a reverse mortgage.

Small business owners beware: Not reporting income paid to vendors can be costly - 8/4/2015
If you are a small-business owner, know that you, too, must send 1099s to nonemployees paid in the course of doing business. The Minnesota Society of CPAs (MNCPA) warns that many small-business owners do not understand the requirements for issuing 1099s, and they can receive hefty fines and costly IRS audits if not complied with properly.

5 steps to boost your home's value - 7/20/2015
If you're planning on putting your house on the market, you'll want to get the best price possible. There are steps you can take to enhance how much you make on the sale, according to the Minnesota Society of CPAs (MNCPA).

Business or hobby? Why the difference matters - 7/20/2015
Were you aware that there are tax implications when you earn money from a hobby? If not, or if you're unsure of all the rules, the Minnesota Society of CPAs (MNCPA) offers these insights on why the distinctions between hobbies and businesses matter and what you need to know if your hobby becomes a business.

Finding ways to cut your phone budget - 7/1/2015
When looking for ways to save, consider rethinking your phone bills. The Minnesota Society of CPAs (MNCPA) offers this advice on how to become a savvy consumer when it comes to budgeting your phone service.

Being financially prepared for college - 7/1/2015
Many parents consider sending a child to college an important financial objective. The College Board reports for a public in-state four-year college, the average tuition for 2014-15 was $9,139. If room and board was included, the average annual education cost was $18,942.

Don't fight over finances! - 6/11/2015
When couples argue, what are they most likely to fight about? You might not be surprised to learn that, according to a Harris Interactive survey on behalf of the American Institute of CPAs, money is the top reason for a marital spat, one that causes disagreements far more frequently than other critical issues.

Get out of debt (and stay out) - 6/11/2015
On average, American households have about $15,000 of credit card debt, according to NerdWallet. If you're struggling to pay off your outstanding balances, or if you're tired of high interest costs, the Minnesota Society of CPAs (MNCPA) explains the best ways to get out from under those bills.

Who's teaching your kids about money? - 5/31/2015
If you think your children aren't learning about money because you're not teaching it, think again. While savvy marketers are telling our kindergartners that they need a certain toy to be happy, credit card companies are peddling instant gratification to our teens.

Adding a teen to auto insurance? Be prepared - 5/31/2015
If adding a young driver to your policy is in your future, you need to be ready for the added costs. While policies vary based on a multitude of factors, financial experts advise being prepared for the unavoidable expense of a teen driver addition. The Minnesota Society of CPAs (MNCPA) offers these ways to save some money on their protection.


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