Financial Freedom Friday

Keeping vital records safe can make disaster recovery easier IRS Tax Tip 2023-107 Natural disasters can strike without warning. Sometimes even the most diligent taxpayers are left without the important personal and financial records they need. People may need documentation for tax purposes, federal or state assistance programs or insurance claims. Here are some steps […]

Tax considerations for people who are separating or divorcing IRS Tax Tip 2023-97 When couples separate or divorce, the change in their relationship status affects their tax situation. The IRS considers a couple married for tax filing purposes until they get a final decree of divorce or separate maintenance. Update tax withholding When a taxpayer

Homeowners: review these house-related deductions and programs IRS Tax Tip 2023-96, The summer months are a popular time to buy or sell a house. New homeowners should put reviewing the tax deductions, programs, and housing allowances they may be eligible for on their move in to-do list. Deductible house-related expenses Most home buyers take out

Sources of Funding for New Business Startups By Business Daily News Starting a business isn’t cheap, and figuring out funding is a critical first step. Entrepreneurs must make a lot of financial decisions when starting a business, and one of the first is whether they want to fund their own business or secure equity funding. When an

Are you ready to embark on a journey that will put more money back in your wallet and transform your life for the better? Welcome to the world of couponing, where we’re here to show you the ropes and help you become a savvy saver. Our “Try Your Hand at Couponing: A Complete Couponing Guide”

Bootstrapping or Equity Funding: Which Is Better for Your Business? The success of any business venture hinges on its ability to consistently turn a profit. The source, cost of capital, and how you build that capital all play a crucial role in determining a business’s profitability over the long haul. But with the multitude of

Tax Tip IRS Tax Tip 2023-80, June 13, 2023 If a taxpayer disagrees with an IRS decision, they may be able to avoid the time and expense of a court trial by asking the IRS Independent Office of Appeals to review their case. This office is separate from the rest of the IRS. When Appeals

Evaluating Funding Options for Your Business While traditional banks have grown cautious about extending credit, today’s business owners have a wealth of funding options at their fingertips. Amid this financial maze, finding the right solution for your business can be a daunting task. So, what factors should you consider when assessing your funding needs, and

“Financial Organization: Your Path to Financial Success” If you’re ready to take control of your finances, it’s time to get organized. Just as a well-kept garden flourish, so too does your financial health when nurtured with care. Here are some straightforward steps to help you start your journey towards financial literacy and financial orderliness. 1.