Category Archives: Personal Finances

With a Possible Recession Looming, You May Want to Review Your Cash Flow Process

Recession Looming, Review Your Cash Flow Process

If you’re a business owner who has been through a recession before, you know that smart cash flow management is absolutely crucial. If you’re a new entrepreneur who hasn’t been through an economic downturn, you may be less familiar with how quickly your finances can be affected. To protect yourself and keep your business operating, […]

Summer Employment for Your Child

Summer Employment for Your Child

Article Highlights Higher Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Summer has arrived, are your children looking for a summer job. The standard deduction for single individuals increased from $12,550 in 2021 to $12,950 in 2022, meaning your child can now make up to $12,950 from working without paying any income […]

Relocating? How to Do It with Taxes in Mind

Relocating? How to Do It with Taxes in Mind If you’re thinking about moving from your current locale, you’re not alone. Americans are on the move for many different reasons:  Remote work is increasingly popular and allows employees to live wherever they have access to WiFi. Tax changes introduced by the 2017 Tax Cuts and […]

Budgeting 101: 4 Ways to Stop Overspending Now!

If opening your credit card bills, your checkbook or your wallet are traumatic events, you may have a problem with overspending. It’s nothing to be ashamed of, and you’re certainly not alone, but there’s a good chance that it is keeping you from achieving some of your goals. If you have a dream of buying a […]

Are You Co-Mingling Personal and Business Finances?

If you answered “yes” to this question… you could be in for some challenges now or in the near future. You might not realize, especially if you are just starting your business, that separating your personal and business finances can help ensure you treat your business like the independent entity it is, while safeguarding your […]