Here are the latest updates and some reminders: Tax Updates Tax deadlines: both New Jersey and New York have finally extended the tax deadline from April 15th to July 15th. If you have an existing installment agreement with the IRS, payments due between April 1 and July 15, 2020 are suspended. CARES Act economic impact […]
Budgeting
COVID-19 Tax and Financial Updates 04-03-2020
Here are the latest updates and some may have already changed after this was written: Tax Updates Tax deadlines: both New Jersey and New York have finally extended the tax deadline from April 15th to July 15th. CARES Act economic impact payments: payments will begin in the next three weeks and will be distributed automatically. […]
Tax and Financial Updates
There have been a lot of tax and financial announcements due to the COVID-19 pandemic. Here are some tax, unemployment and loan updates. Tax Filing and Payment Due Dates Extended The Treasury Secretary announce that the tax deadline for all businesses and individuals is delayed from April 15th to July 15th. Additionally, they will be […]
Wanna Be More Comfortable Financially?
Isn’t this what everyone says, that they want to be more comfortable financially? There are two ironies that are common with this thought, but you can do something about it. Scenario #1 In this scenario you are making a good living, saving plenty, built up a good portfolio of assets, and have little to no […]
Are You Keeping Track of the Right Metrics?
Financial information tends to bore most people except for accountants, accountants, and accountants. Even though the thought of looking through and analyzing numbers may scare you, there are some metrics that drive your financial results and should be measured carefully. They are usually more exciting to keep track of because they can also help predict […]
Should Married Couples Keep Their Money in Separate Accounts?
It’s not uncommon for married couples to keep their money in separate accounts, specifically checking accounts. With retirement accounts, each spouse must have their money in a separate account, including IRA’s and 401k’s, but is it ideal for a married couple to have separate checking accounts vs. a joint account, and why is this important? […]
Do You Make a Good Living and are Actually Poor? You Probably Need to Stop Doing These 3 Things.
We spend so much of our time working, working, and then working some more to make a good living, but do you have anything to show for it? I don’t mean showing off, but rather having a strong financial foundation with minimal debts, savings, investments, and other valuable assets. If not, then keep reading . […]
How to Destroy Your Business Success in 6 Steps
Sometimes to be successful means to avoid doing the things that will destroy your success. It’s easy to go down the wrong path and it’s important to be aware of this. Step #1: Saddling Your Business with Debt Conventional wisdom states that there is smart debt vs. dumb debt or a similar description of two […]
Do These 6 Things Differently than Others if You Want to Get Ahead Financially
Do you ever wonder what the difference is between those who get ahead and those who are constantly struggling? There is a pattern of actions that are taken repeatedly by those who get ahead, while the opposite is true of those who struggle. Action #1: Delayed Gratification The financial impact of delaying gratification for future […]
Why You Shouldn’t Sell Your First Home
The common scenario is this: purchase a small, starter home and then move after 5 to 10 years into another, much larger home. But is this a prudent move or are there other options? There is one, largely overlooked option, that can have a great financial impact on your finances. The option is to move […]