Everyone is aware of what the Internal Revenue Service does, especially when they file their tax returns, but what exactly is an External Revenue Service and how would this impact you? Proposed Agency An External Revenue Service would be responsible for collecting tariffs from foreign goods that are sold in the U.S. Tariffs are expected […]
financial
What is the Best Business to Start?
Are you thinking about starting a business and don’t know which one to start? You can look at the latest business trends and fastest growing industries, but there are some easier, simpler approaches. Start What You Know Your chance of success skyrockets when you get into a business that you are already familiar with. For […]
4 Business Risks You Need to be Aware Of
Business is about taking risks to earn a profit. However, there are some risks that can creep up on you slowly or swiftly that can either destroy or greatly damage your business. Health Issues: As we get older, health issues become a larger risk. Common and sudden issues can include heart attacks and strokes. The […]
How Many Returns Are Unprocessed by the IRS?
Can you guess how many tax returns are unprocessed by the IRS as of the middle of March? The number is 7 million unprocessed individual returns. It is taking the IRS more than 21 days to issue any related refunds and in some cases it can take 90 to 120 days. If there are any […]
I Was Scammed
Even the smart professional gets scammed every now and then. I’m supposed to be impervious to anything related to parting with money foolishly. How humbling . . . Fortunately, I didn’t fall for a huge scam, but I fell for it nonetheless. How did this happen? The scam penetrated my ultimate weakness; not thinking clearly […]
Are You Striving Too Hard or Too Little?
There is nothing wrong with striving to have financial success but be careful of taking it too far. The opposite can also be true, whereas you don’t strive enough, which can create another set of problems. Here are some signs of each: Signs You are Striving too Hard You work an excessive amount of hours […]
COVID-19 Tax and Financial Updates 04-10-2020
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 […]
I Took the Day Off and You Should Too
Technology is absolutely wonderful at times. This is one of those times because I took the day off today, but still didn’t miss my goal of writing one post per week. Everyone needs a day off, a week off, or even a month off and here are 5 reasons why: Rest and Recuperate After working […]
Why is Sales Such a Bad Word?
Everyone is trying to sell something, whether we realize it or not. Even employees are trying to sell themselves to get a job and keep moving up the ladder. Although selling has a bad reputation, it is more about intent, which makes it either good or bad. The Bad Side of Sales Selling a service […]
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? […]