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Trusted Answers From Licensed Business Professionals

How The Bush Tax Cut Extension Impacts Your Wallet

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The good news is that tax rates across the board will not increase as Congress passed a bill late last night to extend the bush tax cuts. This was a big surprise and shift in the Obama Administration’s prior policy to raise taxes for the very wealthy. Instead, most Americans (including the rich) will benefit from the extended tax cuts. The big ticket items cover the marginal income tax, the capital gains & dividend tax, the social security payroll tax, estate tax, and AMT exemption. Let’s review the numbers in more detail. Read More.

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How Do I Get A Small Business Grant?


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Congratulations on launching a new venture. Now to the tough part -- funding the launch and operations of the business. Small business grants can be helpful to a business but getting one is no cakewalk. .
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Does it make sense to get renters insurance?


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If you don't own a home, buying renters insurance might seem like a waste of money. If the roof of the house or apartment you're renting blows off in a tornado, or the structure is damaged in a fire, it’s the landlord’s responsibility to make repairs. But what about the furniture, computer, clothing, and countless other personal possessions that you own? .
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The Best Way For a New Business To Handle Taxes


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Many new businesses are very cost conscious when it comes to expenses such as tax preparation. They would rather use their limited capital towards spending that results in more revenue than on support services. However, accounting for and properly preparing company tax returns are important for a host of reasons, one of them being mitigating audit risk. With that said, let's review some of the tax preparation options that are available to businesses. .
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Year-End Tax Planning for Independent Web Designers

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Independent web designers are best known for their creativity, but business knowledge has a crucial role to play when it comes to taxes. Making necessary business purchases before the end of 2010 and making the appropriate use of deductions can help save you cash when tax time rolls around. Read More.

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Can You Get a Personal Loan Just by Posting Collateral?


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With tight credit and a still unsettled housing market, home equity loans can be impossible to obtain, while credit card limits have been slashed or the cards canceled completely. But there are certain times when people need to get their hands on extra cash. It could be for an emergency home or car repair, or simply to have enough money to make it through the holiday shopping season. Personal loans just might be a welcome alternative. .
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2011: “No Estate Tax” No More

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Commonly referred to as “The death tax,” the Estate Tax is “imposed on the transfer of a taxable estate of a deceased person whether such property is transferred via a will, according to the state laws of intestacy or otherwise made as an incident of the death of the owner, such as a transfer of property from an intestate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries.” Read More.

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Basic Year-End Tax Tips for First Time Filers

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You’re fresh out of college and you’ve got a decent new job (hopefully). You’re managing your finances, paying your bills, and saving where you can. Everything is humming along. And then you stumble across an article on the web that’s talking about end-of-year tax tips. You gasp and think, “Yikes! This will be my first time filing my taxes on my own – where do I start?” Read More.

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Verizon Early Termination Fee Settlement Checks Were Finally Sent

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This flat ETF happens to be in violation of consumer protection laws. As you might expect, this violation is not specific to just Verizon, many companies in the industry (AT&T, T-Mobile, Sprint) were doing much of the same. If you are a recipient of this settlement or a settlement from another wireless service provider (i.e. AT&T, T-Mobile etc.), you may want to learn more about why you received the amount you did and if that amount is taxable. Read More.

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I Have An Idea For a Business But Need Money


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Having a good idea is important but it is only one step in the process of starting a business. There are many other elements that are required which include: a business plan, a team, capital, a financial model, experience, etc. High net worth investors and lenders will want to be comfortable that this new business has all of these elements (except maybe the capital part) in place before they write you a check for x amount of dollars. .
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