It can be difficult to keep up with new technology; sometimes it feels like the world can change if you stop paying attention for a few minutes. Things that we accept as normality were utterly unthinkable just a few generations ago. Our grandparents would have to spend weeks to get from one country to another, and now we can whiz along in an Airbus A380 30,000 feet above the earth, sipping cocktails and watching movies. Until the 1970’s, we had to actually go into a bank and request money, completely dependent on their opening hours. Now we just slide a piece of plastic into an ATM, press a few buttons and money comes out, leading many of us to believe that money was very easy to come by! Who knows what will happen in the world of banking – some new inventive technologies may in fact become industry standard. Let’s have a look at some of the best banking and personal finance apps that are out there.READ MORE »
Posts in category Opinions
Having the right kind of insurance is critical to your business, which is why multiple insurance policies should be in place before you even open your doors for business.READ MORE »
Tweet Well here we are, January and it is time to start getting your tax information ready. But what do you need? Twelve months have passed. With the economy the way it is many have already been thinking about their taxes, some haven’t. Getting things ready to take in [...]READ MORE »
Most people don’t appreciate the full importance of a will, especially if they think their estate is too small to justify the time and expense of preparing one. And even people who recognize the need for a will often don’t have one, perhaps due to procrastination or a disinclination to broach this sensitive subject with loved ones.
The truth is, nearly everyone should have a will. Here’s why.READ MORE »
For the masses of Americans who exist without a bank account, Wal-Mart has created the Green Dot card. It is a prepaid debit card that allows the user to add funds and make debit transactions.READ MORE »
1099-C form covers a variety of forgiven debts, including but not limited to: interest accrued on a loan, student loan forgiveness and stockholder debt.
You’re also expected to report debts that were forgiven by anyone else as income on your tax forms, unless the debt forgiveness was intended as a gift.
Tweet If you use your car in your job or business and whether you use it regularly or irregularly for that purpose, you may deduct part or the entire cost of its operation (subject to limits – of course). However, if you use the car for both business and personal purposes, you may deduct only [...]READ MORE »
Tweet A friend of mine brought this article to my attention. 343,020 Reasons CPAs Should Talk Up Their Tax Expertise Now - I couldn’t help myself… I had to post a comment…. So First thing this morning I did. In that comment I stated how I was in awe at how this is written, in an effort [...]READ MORE »
Tweet No matter what your net worth, you should have an estate plan in place. Such a plan ensures that your family is cared for and your assets maximized upon your death. An estate plan consists of your will, health care documents, powers of attorney, life insurance coverage, and post-mortem letters. For those of you [...]READ MORE »