IRA Rules to Watch for as You Approach 70
The tax man giveth and the tax man taketh away. IRAs provide great tax incentives for individuals to save for retirement. These accounts allow individuals to take an income tax deduction for the money...
View ArticleHow to Find Your Lost Pension and 401(k) Funds
With the fast paced, information-laden society we live in, it’s easy enough to misplace account statements and other important documents. But what happens when we lose access to a retirement account...
View ArticleWithdrawing Funds From Your IRA
Individual Retirement Arrangements (IRAs) provide tax efficient savings and incentives for setting aside retirement money. Because the IRS allows individuals to take a tax deduction, up to certain...
View ArticleWhat is a QTIP Trust and How Can it Help You
It’s all about control and money. Proper estate planning can accomplish two main goals, estate tax minimization and control of assets after death. The Qualified Terminable Interest Property trust, also...
View ArticleDynasty Trusts…Not Just for the Wealthy
With the words “trust fund” often come thoughts of entitlement, wealth, inheritance or other characterizations associated with people or families perceived to be wealthy. In the past, trusts have been...
View Article401(k) FAQs – What to Do After Leaving a Job
Leaving a job, whether voluntary or involuntary, often brings with it a number of headaches and obstacles that must be addressed. Dealing with retirement plans, health insurance, and other company...
View ArticleBypass Trusts and Married Couples
As with any great relationship, give and take is an important component. If we give too much without taking anything, we will tire and grow frustrated quickly. If we take too much and give little or...
View ArticleFinding the Right Financial Advisor For You
Looking for a new financial advisor? Here is what you should look out for at each step in order to ensure that you find the advisor best suited for you.Read the rest of Finding the Right Financial...
View Article7 Useful Accounting Formulas
There are a lot of different accounting formulas out there and it can be confusing for an investor or business manager to know how figures are arrived at. Accountants love to throw around terms like...
View ArticleAccounting Methods. There’s More than One.
There are two different basic methods under which accounting can be performed. One is the cash basis, under which all accounting is done on a purely cash basis. The other is the accrual basis, under...
View ArticleWhy are Accounting Ethics Important?
The discussion of accounting ethics has declined in recent years as the Enron and WorldCom debacles have receded from memory. Furthermore, the perceived excesses and criticism of the Wall Street crowd...
View ArticleWhat is the Absorption Rate?
The absorption rate is a fundamental component of absorption cost accounting, or the inclusion of all costs related to a product being attributed to it. Absorption costing is required for external...
View ArticleAccounting Salaries – What’s the Going Rate?
Knowing what to pay, or be paid, for different accounting positions can be pretty tricky. Accounting salaries can vary from city to city and from role to role. Combine that with the fact that there are...
View ArticleWhat’s the Right Accounting Certification for Me?
For someone who’s decided to enter the accounting professions the sheer number of options from an educational perspective can be daunting. While the Certified Public Accountant (CPA) designation...
View ArticleHow Can an Accounting Coordinator Help an Organization?
The role of Accounting Coordinator is one that more and more organizations are choosing to add to their finance group or team. The Accounting Coordinator is typically a role for someone to assist the...
View ArticleAccounts Receivable and Inventory Operational Metrics
Accounts receivable and inventory are two important accounts for a company in terms of how both accounts can have a significant impact on the cash balance and working capital in a company. High...
View ArticleLLC vs. Corporation
When deciding to set up a small business many people hear that they should set up a S Corporation or a LLC (Limited Liability Corporation). Picking the right one for you can save you a lot of time and...
View ArticleSubsidized vs. Unsubsidized Loans
When looking at paying for education there are a lot of different avenues that students obtain funds from: grants, scholarships and loans make up the most significant sources. When looking at loans...
View ArticleCapital Leases vs. Operating Leases
Many companies at some point lease an asset as an alternative to purchasing the asset out right, sounds straightforward right. Well…lease accounting can get a bit more complicated and the two...
View ArticleWhy Buy Appliance Insurance
Every time you go out and purchase a major household appliance or piece of technology, you are often pressured to purchase the appliance insurance (or extended warranty) that is offered by the seller....
View Article