Virtually every financial article regarding children makes you think that you will go broke if you have children. Between childcare, housing, food, diapers, vacations, clothing, activities, and especially college, they make it seem that you can’t afford to even think about children. The truth is that raising children is as expensive as you make it. […]
Business
Did Your Tax Balance Catch You by Surprise?
What should you do if you file your tax return and then realize that you now have a large liability that can’t pay? First, don’t panic as there are several options for you: Installment Agreement: An installment agreement can be a good option for you, which can sometimes be requested when you file your tax […]
Lower Tax Brackets = Higher Taxes?
The recent tax law changes have lowered the tax brackets starting in 2018, but that does not necessarily mean lower taxes. This is due to the elimination or reduction of items that are no longer deductible. Deductions that have disappeared include, but are not limited to: Personal exemptions: This will have the most impact on […]
What’s Your New Tax Bracket?
The recent tax laws have not only changed the income tax rates, but have also expanded the income that falls within each bracket. Here’s an example of the old rates vs. the new rates for married individuals filing a joint return: Old Brackets: Rate Taxable Income 10% $0 – $19,050 15% $19,051 – $77,400 25% […]
(Don’t) Fake it ‘Til You Make It’
Fake it until you make it! I heard this expression recently and many times in the past, but this time it made me cringe. Some might feel that there’s nothing wrong with showing people how successful and smart you are when you’re not really there yet. Here’s the problem and what to do instead: It’s […]
Update: LOWER NJ Sales Tax Rate to Take Effect on January 1, 2018
The sales tax rate will decrease to 6.625% on and after January 1, 2018.
Don’t Start a Side Business Unless You Consider This
It seems so easy to make money from a side business. Just resell items through Amazon or some other website and now you’re raking in the dough! Sometimes that happens, but many times it does not. Here are few things to consider before doing so and some ways to make it more profitable: The Value […]
Struggling Business Fail to Spend Money on These 3 Things
There are characteristics of successful business and also for struggling businesses. It is almost as if they do the exact opposite of each other. Three areas that struggling business owners tend to ignore because they see them as costs instead of improvements to support and grow their business are technology, people, and infrastructure/equipment. Let’s take […]
The Overlooked Business Asset
What is the most important asset of a business? Here are a few choices: Customers Employees Technology They are all important, but there is one missing element. Relationships. Strong relationships are what make a business successful. It’s not a new concept and it’s been around since business started. Let’s look at each one: Employees: Most […]
If You Want More Success Then Know the Difference Between Important vs Urgent
Important vs. urgent. Many people confuse the two, but if you want to be more successful, then you need to be able to discern between them. Important items have great significance or value while urgent items require our attention immediately. Here are some examples: Important: These are items that you need to do, but do […]