While many couples undergo marital counselling before they marry to discuss values, it can be just as important to have a joint financial planning session to make sure you have joint financial goals. Here are some of the issues that can be useful to cover. Existing debts These days many couples start married life with a variety of debts that they have accumulated before marriage, including credit cards, car loans, personal loans and other forms of debt.
20 June 2016
Using a computer program to prepare your taxes may seem very simple, and of course it's usually more affordable than hiring an actual accountant to guide you through tax season. However, when it comes to your money and especially preparing your taxes, you don't want to only think of the cost of a program versus a professional; in the long run, it can save you money when you hire a professional to manage your taxes for you.
20 May 2016
Not every person will need a tax accountant to handle their tax returns every single year; if you have a regular job and your employer takes out taxes for you, it can be simple enough to just fill out the paperwork for your taxes and submit them by the appropriate deadline. However, not every person works a "regular job" and many people have other income, deductions, and plans for their money that can affect their tax returns, making them very complicated.
27 April 2016
When you start a business, you need to be ready for the obligations that come with it. Besides regular business expenses, you will also be required to remit taxes to state authorities after a certain period, depending on the tax structure that you select. Even though paying taxes is a legal requirement, it does not mean that the authorities prohibit you from reducing your tax obligations. In fact, most tax authorities provide legal channels that can help you lower the amount of taxes that you pay.
27 April 2016