As you may or may not know, you probably will have to pay taxes on your Social Security income. What you may not know is that this amount is determined by many factors. If you are worried about paying taxes on Social Security income, look no further; we will discuss in detail the specifications that …
Paying Taxes on Social Security Income | What to Know Read More »
The code of ethics in accounting is a set of basic ethical guidelines that professionals must adhere to. These ethical guidelines are more closely described as general principles applying to honesty, morals, and integrity. However, the “code of professional conduct” is a specific set of rules enforced by governing bodies of certified public accountants. These …
5 Reasons Ethics in Accounting Matter in Business Read More »
Bookkeeping is an important part of any business. However, it is easy to overlook this integral part to focus on other priorities like meeting clients and filling customer orders – among other things. It’s understandable since those things keep your business running, but bookkeeping is essential. Delays in managing your books can cost you in …
Although retirement may be a period of carefree relaxation, that doesn’t stop the IRS from mandating that you pay the taxes you owe. With annuities, you pay a premium during your working years in exchange for payouts during retirement, allowing you to have an extra income stream you can rely on when you are no …
Annuity Distributions | The Taxes You Need to Know Read More »
Financing a funeral is never fun, whether you are planning for yourself or someone you love who just passed away. The good news is there are some measures in place that protect you during this difficult time. Many associations and organizations can help. Also, you will need to make many decisions, such as which casket …
Funeral Finances | How to Handle This Difficult Time Read More »
If you live in Indiana, you’re likely familiar with the general taxation system. That is, if you earn money, you probably owe taxes on it. The money you make from your investments is no exception. With investments, as with other income sources, the rules for paying taxes are specific and varied, depending mainly on the …
It is expected that business will boom for many companies after the pandemic has ended. As businesses grow, so will the need for new talent. A talent shortage is expected, as many companies will be looking to aim for the same thing – to hire and keep great employees in a highly competitive market. There’s …
Going through a natural disaster is never a good thing, but you might be able to deduct the casualty, theft, and disaster losses you incurred on your annual tax return. To claim the deduction, you must meet certain requirements and follow specific rules as per the IRS. Since the process can get confusing, it’s recommended …
Casualty, Theft, & Disaster Loss | What Can You Deduct? Read More »
There is no doubt about it; coping with the death of a loved one can be hard. Unfortunately, your emotional suffering may not be the only thing that you have to cope with; financial hardship is usually right around the corner, especially if the deceased did not plan accordingly. It is important that you get …
Coping with the Death of a Loved One (5 Financial Tips) Read More »
Retirement planning can be frustrating, scary, and overwhelming. That’s why it’s crucial that you are aware of the best retirement savings tips when planning, investing, and saving for retirement. You want the greatest results when you decide to retire! Some of the key things you should be doing at any age include retirement planning, investing …
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