Updates and information relating to your financial wellbeing.
Subscribe to our updates on your favorite social channels.
A Roth IRA is an individual retirement account (IRA) that provides tax-free withdrawals if specific requirements are met. While there are no tax benefits in the current year, your contributions and profits can grow tax-free.
A crypto wallet is a software application or physical device that stores your cryptocurrency and allows you to send and receive transactions in it. Private and public keys are the two key pairs that make up a crypto wallet. The address used to transmit crypto to the wallet is determined by the public key obtained from the private key.
What is Mortgage Insurance and How Does it Work? If the borrower defaults on the loan or is otherwise unable to pay their obligations, mortgage insurance protects the lender or lienholder on the property. Some lenders will compel the borrower to pay for mortgage...
Asset protection refers to preventing someone from taking your property if you lose a case. It can range from a lawsuit stemming from negligent conduct you committed, such as causing an automobile accident, to a lawsuit stemming from the foreclosure of a home for...
Preparing for the holidays, spending time with family, and making plans for the new year keep most of us busy from December 1 to January 1. You have an even more extensive list of things to consider as a small company owner towards the end of the year. Financial statements, taxes, and employee incentives are all on this list.
Due to the massive demand for cryptocurrencies and the rapidly changing landscape, there has been a surge in cryptocurrency-related frauds. As a result, investors must protect themselves against rogue crypto exchanges and tokens.
Smart leaders recognize that part of their work is identifying trade-offs and deciding what not to do and what to do. A real test of leadership is determining the relevance of multiple efforts in a resource-constrained setting. Setting and prioritizing company...
An increasing number of contributors are becoming aware of the convenience and financial benefits of donating to a donor-advised fund, which includes the option to claim an instant tax deduction and spread donations over time. Recommend investment allocation of...
Asset protection strategy is all about pulling chips off the table in good times so that no matter what happens in poor times, you can still walk away as a winner. Those who are most concerned about asset protection are most likely to be sued; for example,...
What to know about Stock Investing When you think of investing and trading, there's a strong chance you think of one thing: stocks. But why would you trade stocks, and how would you do it? Learn the foundations of stock investing, including the techniques and skills...
Most cryptocurrency market analysts will agree that crypto volatility is in a league of its own. There are no indexes to assess crypto price volatility, but a cursory check at historical price charts reveals that crypto prices experience higher peaks and lower troughs at a faster and more intense rate than those of assets in conventional markets.
Small businesses frequently must spend money in order to make money. However, not every business owner has the financial means to invest heavily. That’s why picking the proper modest investments is so crucial. You need to get the most bang for your buck, whether you’re investing time or money. These small business suggestions from the internet might help you get the most out of your money.
When you’re young, healthy, and unlikely to need life insurance anytime soon, it’s better to apply. The explanation is simple: the younger you are, the cheaper your life insurance premium will be owing to the absence of significant medical issues you are likely to have.
The process of balancing a crypto portfolio is similar to that of balancing a regular portfolio. Depending on your profile and investing plan, you may minimize your total risk. Simply spreading your assets across several cryptocurrencies is all it takes to get started.
The top personal financial apps include various tools for managing your entire money, email reminders, bill due dates, subscription tracking, shared wallets, and so on.
Investing methods operate in the same way that a guidebook or a guide does. They compel investors to clarify their objectives and risk tolerance and commit to a wealth-building strategy.
When you choose to contribute, you may not understand that donating to charity may offer you numerous personal rewards in addition to helping your favorite cause.
There are several advantages to investing in real estate. Investors may enjoy regular income flow, great returns, tax advantages, and diversity with well-chosen assets, and real estate can be used to generate wealth. Real estate investing can be a successful business,...
The more you can automate activities, keep organized, and simplify your procedures as a small business owner; the more effective and profitable your company will become. Thankfully, there are several tools available to assist.
When you’re in your twenties, retirement seems so far away that it’s impossible to believe. It’s one of the most prevalent justifications for not investing in retirement. Anyone approaching retirement age will tell you that the years fly quickly, and if you don’t start early, accumulating a substantial nest egg becomes increasingly tricky.
Passive income is a type of revenue that is automated to some extent. You make a one-time capital investment — often in a stock, mutual fund, or other equity-based vehicle — and then obtain an ownership interest in that investment, from which you earn dividends or other forms of recurring income.
Nobody begins a business intending to lose money. However, for many people, business failure is unavoidable. The most difficult step is admitting to yourself that your business is failing. Here is what to do to recover your business.
Giving to charity or exercising frequent charitable giving—whether in the form of money, products, or time—is unquestionably a healthy habit. It is critical to give back, even if you have attained success.
Asset protection is a method for safeguarding a company’s and individual’s assets from threats such as litigation, bankruptcy, claims, and divorce settlements. If you lose a case, for example, you might easily lose all you own, including your life savings.
Life insurance is crucial because it protects your family and allows you to leave them an amount that is not taxable when you die. It may also be used to pay off your home and personal loans, such as a vehicle loan.
Having your personal finances in order sometimes isn’t that easy, especially if you don’t have financial education or someone by your side with the right expertise to guide you.
Personal finance refers to how you manage your money and make financial plans for the future. Your financial health is influenced by all of your financial decisions and actions.
It might be challenging to know where to begin if you want to invest in cryptocurrencies. So, what can we do to prevent making costly errors? How do we make sure we’re always on the right side of the law? Here’s the lowdown on how to acquire bitcoin and where to get it. To keep you secure, let’s start with some fundamentals. Then we’ll get down to business with the how-to.
Wealth Transfer is the tax-efficient transfer of wealth or assets to beneficiaries following the owner’s death using financial planning techniques such as wills, estate planning, life insurance, or trusts.
Startups are often aiming to increase their consumer bases while improving their goods quickly. This allows them to get greater market shares, which allows them to raise more money, which allows them to expand their goods and audience even more.
Most individuals still regard cryptocurrency as an investment at this time. However, bitcoin is rapidly gaining traction and becoming more generally recognized as a form of payment. And as these cryptocurrencies acquire credibility, this might become increasingly more popular.
A well-written business plan is essential because it allows entrepreneurs to spell out their objectives and measure their success as their company grows.
Don’t let the fact that you didn’t file your 2020 federal tax return or require an extension by May 17 discourage you from filing your 1040 and paying your tax as soon as possible if you owe the IRS money. If you act fast, you will keep the fines and interest you can owe from spiraling out of control.
In the United States, a projected $30 trillion in income will be transferred from Baby Boomers to their successors over the next three to four decades. Inheritors must schedule ahead of time when sharing money, whether on a small or large scale.
The most popular investors aren’t born overnight. It takes time, persistence, and trial and error to learn the ins and outs of the financial community and your personality as an investor.
Cash flow is an indicator of how much money flows in and out of the company for a given period of time. When the cash balance is positive, you have more money flowing in than going out, allowing you to pay your debts and fund other expenses.
Transactions of virtual currencies are taxable under the statute, much as every other kind of property. Digital currency trades may be required to be reported on tax returns by taxpayers.
Donations to registered charities are tax-deductible deductions that will lower your net revenue and tax bill. To assert your tax deductions, you must itemize them, which is usually only advantageous if the value of all the itemized deductions increases the sum of the standard deduction on your filing status.
If you’re a business owner, the Internal Revenue Service (IRS) wants you to not only pay your company’s share of income, but also to withhold the appropriate taxes for your workers.
For small businesses, claiming legal deductions is an effective income tax technique. It is essential to know which are the tax reductions each year before preparing your tax return.
If you run a business with one or more employees, you are responsible for deducting a percentage of the employee’s wages to pay certain taxes on their behalf. Also, you are responsible for paying roll taxes on each of your employees out of your own business earnings.
Need Accounting Help?
Do you need accounting help? We provide a wide range of accounting services in the Lansdale and Montgomery County PA region.