Hobbies, For-Profit Activities and Deductions
The IRS will look at several aspects and issues before determining if your hobby is a for-profit business. Read all about it in this Business Tip.
The IRS will look at several aspects and issues before determining if your hobby is a for-profit business. Read all about it in this Business Tip.
Death is an unpleasant subject, and life insurance raises issues of our own mortality. But it doesn’t have to be that way. Read more in this Insurance Tip.
In 2014 Americans, with certain exceptions, are required to have minimal, essential health care insurance. Read more in this Tax Strategist.
As a way to partially pay for provisions in the new health care law, put a cap of $2,500 on FSA contributions. Read more in this Tax Tip.
Need a new car? Our handy chart breaks down the differences on eight critical points for buying vs. leasing your next car. Learn more in this Financial Tip.
The main purpose of life insurance is to create an estate to take care of your heirs if you should die. Therefore, we believe the time when your need for life insurance is at its greatest is when you are young with young children. As you grow older, your need for life insurance diminishes. This means you may not need the same level of asset protection as you did when you were young. We explain in this Insurance Tip.
Tuition payments to a qualified educational institution are exempt from the gift tax rules. This means that you, a grandparent, or anyone can gift a child $14,000 and also pay their college tuition. Learn more in this Tax Tip.
Risk-adjusted return is the measure of return per unit of risk. It is a backwards looking measurement. We do not believe you can judge a portfolio on risk-adjusted return alone. We explain in this Financial Tip.
Strategy isn’t just for saving. Bil Lako, CFP®, explains 529 plan withdrawal strategy in today’s Marietta Daily Journal. Read the Article.
Quickbooks’ tools can help you document received inventory and can help prevent you from recording the same items twice. Learn how in this Business Tip.