Monthly Archives: June 2015

Create a road map to retirement

Preparing for your retirement is a journey. And like most journeys, success or failure often hinges on decisions made early in the trip. Consider some of these pointers as you develop your personal road map to retirement. A solid retirement … Continue reading

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Depreciating Equipment for Tax Purposes: What’s Required?

Depreciation is a very complex element of the tax code. It’s best you don’t try to tackle it on your own. From time to time, you may buy a piece of equipment for your business.  This can be anything from … Continue reading

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Understand the pros and cons of DRIPs

Appropriately enough, investors may notice a slow trickle in earnings from “dividend reinvestment plans” (DRIPs). But these investments may end up providing a steady stream of income over the long run. The concept is relatively simple. More than 1,000 companies … Continue reading

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Your 401(k) and a job change

If you change jobs this year, don’t forget about your 401(k) in your old employer’s retirement plan. You may be tempted to cash out the balance in the account, but remember that distributions from such accounts are generally taxable. Instead, … Continue reading

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Accelerate Receivables Using QuickBooks Online

Keeping a positive cash flow is always a struggle for many businesses. Here’s how you can get customers to pay faster. In a perfect world, customers would receive their invoices from you and remit them immediately. You may have a … Continue reading

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June 15 filing date for U.S. citizens abroad

U.S. citizens and resident aliens living overseas or serving in the military outside the U.S. have a June 15, 2015, deadline for filing their 2014 income tax returns. Taxpayers using this automatic two-month extension for their 2014 filing must attach … Continue reading

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IRS tax audits cut by budget issues

The IRS reports that its enforcement budget has been cut by $254 million, a 5% reduction from the previous year. As a result, the Agency expects to cut the number of individual and business audits it conducts. In 2014 the … Continue reading

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