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 […]
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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 […]
Are Traditional, Low-Tech Ways of Handling Your Finances Better than Modern Ways?
Electronic banking, ATM and credit cards, leasing, online shopping, installment plans and subscriptions, and anything else electronic is the way to handle your personal finances nowadays, but is this better? In some ways yes, but many ways not so much. Transactions are too easy to make nowadays, which causes us to be more impulsive. It’s […]
Are You Too Financially Cautious?
Is it possible to be too financially cautious? Cautious does not mean that you are just conservative or frugal with your money, but that you are too afraid to spend your money wisely. You may not even be aware that you are too cautious and here are some examples: Hesitate to make the right investments: […]
Don’t Be a Co-Signer Unless You Want to Pay Someone Else’s Debts
Your friend, child, brother, or parent can’t get a mortgage or a car loan so they ask you to be a co-signer. Of course you will be a hero and co-sign for your loved one! But beware of the dangers before doing so. In reality, the lender is assuming that the odds are fairly high […]
Be Careful Who You Loan Money To
A friend is in a pickle and asks you for a loan of $5,000 because they hit some hard times and have some bills to pay. Do you help out your friend and say yes, or simply say no. If you say no, then your friend may get upset, get behind with bills, but hopefully they […]
Don’t Take “No” for an Answer!
What does not taking “no” for an answer have to do with financial matters? Plenty! Very often when we ask for something the response is “no” or is not what we wanted. This can happen when dealing with business or personal matters and it can cost you significantly. When applying for a loan, it is […]
What’s In Your Credit Report?
When we apply for loans, search for a job, or even take out an insurance policy, our credit report is used in the process. Your credit report shows all of your outstanding debts and lines of credit, including credit cards, mortgages, auto loans, and personal loans. Even accounts that have been closed or debts that […]