Money Management Articles

Taxes

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.

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.

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.


Find more information on:

Related resources

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.