If you are concerned about protecting your valuables, here are several suggestions to consider for protecting them from would-be thieves: Rent a safe deposit box. It may make sense to keep seldom worn jewelry, coins and other important documents in a traditional safe deposit box at your local bank. But beware if you go
Revenue recognition is a crucial aspect of financial reporting for construction companies, especially those engaged in long-term contracts. Accurate revenue recognition impacts financial statements, business decisions, and compliance with various regulations. With the adoption of ASC 606, the standard for revenue from contracts with customers, construction companies face new challenges in recognizing revenue. This
Here are six ideas to help jump start improvements in your small business. As always, please reach out if you wish to discuss any of them. Six Simple Ideas to Help Your Small Business Understand your cash flow. At the end of the day, you need enough cash to pay your vendors and
Children on summer break have plenty of free time on their hands, which is usually spent playing outdoors, working on summer projects and participating in various sports and clubs. As parents, you can also weave in financial lessons to these summertime activities to reinforce great money habits. Here are some ideas: Earning money.Teach
When it comes to avoiding household accidents, an ounce of prevention is often worth a pound of cure. Fortunately, just knowing about some of the most common household perils is a solid first step to avoiding them completely. Here’s a look at several of the most common accidents that occur at home and several
Many factors play into a potential customer’s decision to buy your product or service, but one thing is clear – online reviews are at the top of the list. Here are suggestions to improve yours: Create an impactful online presence. Unless you just opened your business, there’s a good chance it already exists in
Many taxpayers start preparing their tax return with hopes of receiving a sizable refund, only to find out that their actual refund is much smaller than expected — or that they actually owe the federal government money instead! If this happens to you, here are some of the likely reasons: Higher take-home pay. Look
Offering a retirement plan can be a powerful tool when you’re competing to attract the best employees. And if you’re a sole proprietor, a retirement account can help you save even more money for the future. Here are some of the most popular retirement options for small business owners, along with ways to help
Here are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Max out pre-tax retirement savings. The deadline to contribute to a 401(k) plan to get a 2023 taxable income reduction is December 31st. So if your employer’s plan allows it, consider
No one likes surprises from the IRS, but they do occasionally happen. Here are some examples of tax situations you could find yourself in and what to do about them. Kids getting older tax surprise. Your children are a wonderful tax deduction if they meet certain qualifications. But as they get older, many child-related deductions