Money Management Articles
How can you cut next year's taxes?
Taxes may be the last thing you want to think about at the holidays, but
the end of the year is a great time to take some smart steps that can
help you minimize your future tax outlays. The Minnesota Society of
Certified Public Accountants (MNCPA) provides these ideas for keeping
more money in your pocket.
Five questions to ask your CPA before the end of the year
Your to-do list is probably pretty full at this time of year. While the
thought of adding one more task may feel overwhelming, it's one that can
help put your mind at ease this New Year's Eve: Talk to your CPA.
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
Five smart financial tips for young people
A whopping 70 percent of college students will graduate with student
loan debt, which averages about $25,200, according to a recent Fidelity
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.
Growing your small business: You don't have to leave big business to the big guys
Small businesses are the backbone of America's economy. According to the
U.S. Small Business Administration, the nation's 23 million small
businesses account for 54 percent of all U.S. sales and 64 percent of
all net new jobs. But many successful small businesses make the leap and
become big businesses.
Retaining personal financial records: What do you need to keep and for how long?
Does looking at overflowing filing cabinets of bank statements and boxes
of old check stubs make you want to start a bonfire in your backyard?
Before you grab the lighter fluid and matches, make sure you know what
you can torch and what you need to keep.
Choosing a financial services provider
April is Financial Literacy Month, so it’s the perfect time to evaluate
your personal financial plan and identify what areas of your strategy
are doing well and what areas may need some change. Creating a personal
financial plan is an important part of developing and maintaining your
long-term financial security.
Financial literacy education at work
The economy may be showing signs of improvement, but research shows
employees are still not confident about their own financial situations.
The American Taxpayer Relief Act: What it means to your wallet
President Obama signed what is now the American Taxpayer Relief Act of 2012 (ATRA) into law on Jan. 2, 2013, preserving most of the George W. Bush-era tax cuts and extending many other lapsed provisions. According to the Minnesota Society of Certified Public Accountants (MNCPA), the ATRA contains provisions that impact nearly every taxpayer, not just the high earners. Don’t miss out on some of these now-permanent deductions that could help lower your tax liability.
Getting organized for tax season
Here are some simple steps you can take now to get your tax documents organized so you’re not in panic mode this April. Your income, deductions and expenses, and investment documents all have a home in this easy-to-use and easy-to-maintain filing system.
Need help sticking to your financial New Year's resolutions?
A recent survey by Harris Interactive found that the top financial goals for 2013 are paying down or eliminating credit card debt, increasing emergency savings or planning for retirement, yet over the past five years 43 percent have failed to achieve these goals. If this sounds familiar, the Minnesota Society of Certified Public Accountants (MNCPA) offers these practical tips for getting your financial house in order.
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