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Tax Time Tips for Small Businesses
(1 vote)
Financial

ptaxs_10key.jpgWhen it comes to owning a small business, maintaining accurate and detailed recordkeeping is critical for understanding your business and meeting your tax obligations. There are a few recordkeeping requirements every small business should follow.

For most small businesses, basic recordkeeping involves recording income and expenses in a checkbook. The checkbook is used as a starting point for totaling the business’s income and expenses.

 
14 Steps You Can Take to Prevent Identity Theft
(1 vote)
Legal
idtheft.jpg
The Fair and Accurate Credit Transaction Act, known commonly as FACTA, was put into law in the United States to help to protect consumers from identity theft and to help in its prevention. FACTA ensures that all citizens are treated fairly when they apply for a mortgage or other form of credit and it entitles them to a free annual credit report to verify its accuracy.

Becoming a major epidemic, Identity Theft occurs when a criminal uses another person's personal information to take on that person's identity. Identity theft includes the misuse of a Social Security number, credit cards, mail fraud, scam, schemes, frauds, or any other form of misuse or abuse of a victim's identity.

There is no guarantee that you will never be a victim; however, there are steps you can take to minimize your risk. Here is a list of 14 steps you can take to prevent or at least minimize its occurrence:
 
How to Increase Your Income, Lower Your Taxes and Help Your Favorite Charity
(1 vote)
Financial
By: Robert D. Cavanaugh, CLU

Given the fact that most seniors are interested in a secure income, reducing risk and lowering taxes, here is a planning technique to consider if you are trying to increase your income.

Maybe you have a CD that is coming up for renewal and you discover the rate is going to be lower. You could have some stocks or mutual funds that were invested for growth and are thinking about selling some off and re-investing in something that would pay you an income. The only reason you haven't sold them is that you don't want to pay the capital gain.
 
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