Establishing Residency in a New State

Establishing Residency in a New State

America is unique in the way it has so many different systems of government (states plus federal). This can make relocating to another state a confusing process, one which many people simply never complete in terms of paperwork. Doing that is actually a big disservice...
Never Ghost the IRS

Never Ghost the IRS

If you’re expecting a tax bill this year and you can’t afford it, the worst thing you can do is ignore it. The IRS charges a failure to pay penalty of 0.05% per month on the outstanding balance until it’s paid off, and while they charge you interest...
Tax Cut or Reduced Withholding?

Tax Cut or Reduced Withholding?

The new tax law is in full effect this year, and accountants are struggling to learn it. In fact, an accountant friend of mine said he anticipated spending the next two years learning about the intricacies of the tax changes. That said, the meager or non-existent tax...

Separation of Business and Personal

A lot of new business owners commingle their personal finances with those of their businesses. That’s okay…if you’re a bookkeeper. If you’re not keeping categories and reconciling your bank accounts, it may prove difficult. A lot of stakeholders in...

Should I Buy or Should I Lease?

Of all the questions that baffle humanity, none is quite as mysterious and pressing as: Is it better to buy or lease a car? There are so many variables to consider, from your credit rating to where you live. Below I’ve listed some of them for you to consider. Leasing...