We're continuing with our series on New Year's resolutions that you can do to improve your finances. Be sure to read Part 1 for extra tips! Pay Down Those Credit Cards If you owe money on your credit cards, determine how much you can realistically afford to pay down during the year. For best results,… Continue reading NEW YEAR’S RESOLUTIONS – PT 2
Category: Commentary
NEW YEAR’S RESOLUTIONS – PT 1
There might be a lot of uncertainty surrounding the tax rules these days. Don't use that uncertainty as an excuse to avoid trying to improve your personal finances. What better time to make some resolutions for 2013 than New Year's Day? Last January 1st, did you make any resolutions concerning your personal finances? If so,… Continue reading NEW YEAR’S RESOLUTIONS – PT 1
TEACH YOUR TEENS FINANCIAL RESPONSIBILITY WITH PASS CARD
I'm a CPA and my wife is a CFP (Certified Financial Planner). Even so, I think together we've done a lousy job teaching our two kids - Jonathan (age 14) and Lizzie (age 13) - much about personal finances. We have also done little to help them learn anything about exercising fiscal discipline. Over the… Continue reading TEACH YOUR TEENS FINANCIAL RESPONSIBILITY WITH PASS CARD
ELECTION SEASON PART 2 – WHICH IS BETTER?
By Andrew D. Schwartz, CPA In my first post, I looked at Mitt Romney's tax policy based on information posted on his campaign's official website. Today, I'll look at the President's rebuttal and which candidate's tax policy makes the most sense, IMHO. President Obama's Rebuttal: There actually isn't very much information about Obama's tax policy… Continue reading ELECTION SEASON PART 2 – WHICH IS BETTER?
ELECTION SEASON PART 1 – MITT ROMNEY’S TAX POLICY
By Andrew D. Schwartz, CPA Election season is upon us and the voting is just a two months away. Let's take a look at Mitt Romney's tax policy based on information posted on his campaign's official website, http://www.mittromney.com. Extend the Bush Tax Cuts: If Congress doesn't act by the end of the year, the 2001 Bush tax cuts… Continue reading ELECTION SEASON PART 1 – MITT ROMNEY’S TAX POLICY
Take Me To Your Leader (and Manager and Supervisor and Coach and Mentor)
By Andrew D. Schwartz, CPA At my firm this year, we instituted a Book Club for the first time. We are currently reading The 7 Habits of Highly Effective People by Stephen R Covey. We are scheduled to discuss one habit per month for the remainder of the year. I highly recommend that you read… Continue reading Take Me To Your Leader (and Manager and Supervisor and Coach and Mentor)
PART II: A PROFESSIONAL CRITIQUE OF MITT ROMNEY’S 2011 and 2010 TAX RETURNS
By Andrew Schwartz, CPA Last month, Presidential Candidate Mitt Romney released his 2011 and 2010 tax returns to the public. You can download a complete copy of these federal tax returns at: 2011 Federal Tax Return 2010 Federal Tax Return Here is a continuation of what I observed upon reviewing his returns (Read Part 1): The total… Continue reading PART II: A PROFESSIONAL CRITIQUE OF MITT ROMNEY’S 2011 and 2010 TAX RETURNS
A PROFESSIONAL CRITIQUE OF MITT ROMNEY’S 2011 and 2010 TAX RETURNS
By Andrew Schwartz, CPA Last month, Presidential Candidate Mitt Romney released his 2011 and 2010 tax returns to the public. You can download a complete copy of these federal tax returns at: 2011 Federal Tax Return 2010 Federal Tax Return Here is what I observed upon reviewing his returns: Mitt Romney reported gross income of… Continue reading A PROFESSIONAL CRITIQUE OF MITT ROMNEY’S 2011 and 2010 TAX RETURNS
MONEY – Part IV
By Andrew Schwartz, CPA Read Part I of this series: MONEY - Find Some Money or Part II: MONEY - Save Some or Part III: Money - Give some Away Read About Money: Check out a list of 37 Must Read Books for Small Business Owners & Entrepreneurs as compiled by Ashley Bodi of BusinessBeware.Biz. Please make sure… Continue reading MONEY – Part IV
MONEY – Part III
By Andrew Schwartz, CPA Read Part I of this series: MONEY - Find Some Money or Part II: MONEY - Save Some Spend Some Money: Certain itemized deductions are only allowable to the extent they exceed a percentage of your income. For medical expenses, the threshold is 7.5% of your Adjusted Gross Income (AGI). For miscellaneous itemized… Continue reading MONEY – Part III
MONEY – Part II
By Andrew Schwartz, CPA Miss Part I of this series: MONEY - Find Some Money Save Some Money: As we wrote in ourNovember 2012 Newsletter, the retirement limits have increased for 2012. The maximum amount of money you can contribute into your 401k or 403b account through salary deferrals is now $17k. Anyone 50 or… Continue reading MONEY – Part II
MONEY – Part 1
By Andrew Schwartz, CPA Wikipedia defines money as follows: Money is any object or record that is generally accepted as payment for foods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of… Continue reading MONEY – Part 1