As your child prepares to go off to college and you are considering applying for a student loan, what do you need to know in order to offer them advice as they get ready to head to college? Let’s take a closer look. Shop around for a loan Don’t take the first loan you’re offered. […]
It is important to prepare your financial statements in accordance with an accounting framework that’s appropriate for your business. Most of the time, you’ll opt for a CPA to produce your financial statements because getting an accountant’s blessing is especially useful when you are applying for more credit from a bank. This is important for […]
How do you get from the dream to fundraising to business plan to opening? Successful business owners recount how their meetings with potential investors helped them revise their business plan, refining the numbers and focusing on the culture they wanted to create. First and foremost, lay the proper groundwork before launch. Develop a plan so […]
Did you know that it’s been estimated that fewer than one in three Americans have what’s called a living will or advance health care directive? If you find yourself on life support, who will make decisions for you? Living wills are important because they detail how you would like to be cared for if you […]
You may be trying to wrap your head around how to figure out basis of property that you receive as a gift. There are many things to consider including the adjusted cost basis to the donor just before they made the gift to you, the fair market value (FMV) at the time you were gifted, […]
Did you know that the Tax Cuts and Jobs Act made changes to deductions for business expensed meals? In fact, it eliminated the deduction for any expenses related to activities that formally could be considered entertainment, amusement or recreation. You’ll be happy to hear that under this revised rule, you may continue to deduct 50 […]
If you are either considering creating a trust to help manage your assets or if you don’t even know how a trust could help, this article can provides an overview into the world of trusts. A trust is created by you, the grantor. You write the rules governing how the trust will operate, including what […]
If you have a less-than-ideal credit score, you won’t be able to repair it overnight, however there are steps you can take to raise it over time. Watch your credit card balances How much revolving credit do you have versus how much you’re using? The smaller the percentage, the better your credit rating. You should […]