Leadership & Financial Literacy: A Celebration of Women in Business As Financial Literacy Month wraps up, it’s the perfect moment to reflect on how far we’ve come in mastering our financial game. For us women in leadership and entrepreneurship, understanding finances isn’t just about keeping the lights on—it’s about empowering ourselves to make smart […]
Financial Literacy Month 2024 Read More »
Tax Tips – The Taxpayer Bill of Rights defines 10 fundamental rights of every taxpayer. One of these rights is the right to quality service. Let’s take a closer look at the right to quality service and what it means for taxpayers. Right to quality service Taxpayers have the right to: Receive prompt, courteous and professional assistance
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Tax Tips – Businessess: Electronically file Form 8300 to report cash paymebt over $10,000 Businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is optional. To electronically file Form 8300, a
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IRS Tax Tip If taxpayers are filing a tax return for the first time, IRS Free File can help. This program provides free tax preparation, free electronic filing and free direct deposit for eligible taxpayers. The IRS Free File adjusted gross income (AGI) limit for tax year 2023 is $79,000 for families and individuals. Each provider sets its own
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If you’re looking for ways to keep your cash safe from market ups and downs while still having it handy for bills or emergencies, a money market account could be just what you need. These low-risk deposit accounts combine the earning potential of a savings account with the convenience of a checking account. Money market
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Rising interest rates mean banks are finally offering decent returns on deposits again. If you want to make the most of your cash, checking out certificates of deposit, or CDs, is a smart move. CDs are federally insured, just like you’re checking and savings accounts, but they usually come with much better interest rates. In
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Saving vs. Investing: How Do You Decide? There’s no magic number involved—it’s all about timing So, you’ve got some extra cash on hand. Now you need to decide whether to save it or invest it. Surprisingly, this decision isn’t about how much money you have. Nowadays, with apps offering no transaction fees and low
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IRS Tax Tip 2024-02, Jan. 16, 2024 The Taxpayer Bill of Rights is the 10 rights all taxpayers have any time they interact with the IRS. These rights cover a wide range of topics and issues, and they explain what taxpayers can expect if they need to work with the IRS on a tax matter.
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What Is FDIC Insurance? Knowing the ins and outs can give peace of mind What is FDIC Bank failures—like what just happened with Silicon Valley Bank—can be pretty nerve-wracking, making you worry about losing all your savings overnight. But don’t stress too much, because the Federal Deposit Insurance Corp. (FDIC) has got your back.
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IRS Tax Tip 2024-01, Jan. 4, 2024 Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility. Tax credits A tax credit reduces the income tax bill dollar-for-dollar that a taxpayer owes
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