Archive for the Expense Reduction Tips Category

Zombie Billing: Automatic Payments Have a Life of Their Own

Zombie Billing: Automatic Payments Have a Life of Their Own The turn it on and forget it nature of automatic payments can create “zombie billing” cycles that go on without being reviewed or challenged, even after the product or service you pay for is no longer of

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Holiday Money Savings Tips

To many the holidays are “the most wonderful time of the year” but, to those on a tight budget the holidays can be very stressful. Why not save money this season by following some of these easy tips: Holiday Cards: send a holiday postcard rather than a

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Are You Claiming All of Your Tax-Deductible Business Expenses for 2015?

Haven’t completed your 2015 taxes yet? You’re cutting it close. Don’t short-change yourself on business expenses, though.   If you’ve been in business for several years, you have a pretty good idea of what expenses can be claimed on your income taxes. But even if you think

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Make Lists: Save Money

Making a list and checking it twice. Santa uses this idea to discover who is naughty and nice. You too can use this simple idea to keep more hard earned money in your pocket. Make a shopping list. Whenever you go shopping, whether it be for back to

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Age Has Its Privileges: Income Tax Issues for Seniors

The majority of tax laws apply regardless of age, but some are different if you’re 65 or older. By the time you turn 65, you’ve probably already started enjoying some benefits reserved for senior citizens. Restaurants, exclusive living communities, entertainment venues – many businesses start offering discounts

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Avoid the Gambling Winnings Tax Surprise

With the increased popularity of lotteries and casinos, more unsuspecting winners are experiencing a lucky payday only to end up with a huge tax head-ache when filing their income taxes. Here is what you need to know: Look for the warning signs You are required to report

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Avoid the 50% Penalty! – Understanding Required Minimum Distribution (RMD) Rules

Every year thousands of taxpayers are hit with a heavy 50% penalty for not withdrawing enough money from their retirement plan(s). Here is what you need to know to ensure this does not happen to you or someone you know. Who is subject to Required Minimum Distribution

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Five Cash Leaks to Avoid

Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it.  The last thing a business owner wants is to reduce their cash balance unnecessarily.  To help you preserve or increase your cash,

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Five Places to Find More Profits

It’s always a good idea to be on the lookout for ways to increase your profits, and luckily, there are many ways to do that. One way is to focus on cost-cutting, and here are five places that are good to periodically review for cost-cutting possibilities. Telephone

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Five Hidden Talents of Your Accountant

When you think of an accountant’s duties, you might think about traditional tasks, such as tax preparation, bookkeeping, and financial statement preparation. Here are five additional tasks that accountants can help with that you might not think of.  1. Evaluating Current Accounting Employees How can you know

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