2018
3 Important Actions To Take Before Drafting Your Estate Plan
Every responsible adult should have an estate plan. An estate plan ensures that when you die, all of your belongings go to the appropriate party. Once you have any assets to speak of, or children to look after, you should have an estate plan. Here are four important steps you should take in preparing your estate plan.
#1 Create an Inventory
Before you head to the lawyer's office, you need to spend some time making an inventory of your assets as well as your liabilities.
Getting Married This Summer? 4 Tips To Get Ahead Of Your Taxes
If you are getting married this summer, you are going to want to make sure that you and your spouse spend some time thinking about the tax implications of getting married. After you get married, there are a few things that you are going to want to do right away in order to make tax season easier next year.
#1 Change Your Name
If one or both of you is choosing to change your name, you need to make sure that you let the Social Security Administration know.
Financial Tips For New Cannabis Dispensary Owners
If medical or recreational cannabis is legal in your state and you are opening a dispensary to get in on the ground floor of this growing industry, then these tips will help you manage the financial aspects of your new business:
Tip: Understand U. S. Tax Code 280E
Since cannabis is still classified as a Schedule 1 drug under United States law, your dispensary falls under U. S. Tax Code 280E. This section of the tax code regulates how you are able to deduct expenses for your business when filing its federal income taxes.
4 Valuable Reasons To Get Started On Your Income Taxes Early
As the new year starts, it's time for another season to begin. What season? Income tax season. And while those words don't fill most people's hearts with glee, there are several good reasons to embrace the start of tax season and get a jump on filing now.
What are those reasons? Here are the top four.
Time to Work. Getting all the deductions and credits to which you're entitled can sometimes require a little extra work.
About Me
I work with a small organization to house women and children that have been in domestic violence situations. We do everything that we can to ensure that these women find the housing, clothing and supplies that they need to care for themselves and their children. Times have been tough for our organization and we struggled to come up with the money that we needed to help these women start over. We found an accountant that helped us tremendously. Visit our blog to learn more about what we do and to find out how an accountant made all of the difference.