Category Archives: Tax and Money Tip of the Week

Money Tip – Investing 101 #3

Here’s a lesson that the 2008-2009 Great Recession taught a lot of people:

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IRA Terms You Sould Know

There were a lot of discussions this recent tax season regarding the tax law changes on Roth conversions. Those conversations will likely continue this year, as some changes to your new Roth can be made through October 2011.
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Eight Tips About Rental Income and Expenses

If you rent property to others you’ll want to read the following eight tips about rental income and expenses.

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Don’t Forget: September 15th, 2011 Tax Payments Are Due

Don’t Forget: September 15th, 2011
Tax Payments Are Due
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Paying Wages to Your Children

Payments for the services of a child under the age of 18, who works for his or her parent in a trade or business, are not subject to Social Security, Medicare, and North Carolina Unemployment taxes, if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.
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Money Tips: Investing 101, #2

This week we continue our series on investing concepts. Continue reading

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Money Tip – Investing 101

This week we will start a series on investing concepts.

This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.

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Estimated Tax Payments – Individuals

Estimated tax payments need to be made by individuals to provide for current payment of income taxes not collected through withholding on a W-2 or Form 1099. Continue reading

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Individual Estimated Taxes and Tax Planning Checkups

This is the time of year in our CPA practice that I work with small business owners and individuals to perform tax checkups to help them project their tax liabilities for 2011 and make tax saving recommendations of moves they can make between now and December 31, 2011. Continue reading

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What Records should I keep?

This week we will discuss a question that I get in my CPA practice a lot:
How long should I keep certain records?
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