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Showing posts from January, 2020

Income Tax Tips

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By Diane Tait
I owe, I owe, it’s off to work I go is the lament of many a taxpayer at this time of year.  That’s because no sooner does the new year arrive when so do W-2 Forms for all employees and 1099’s for independent contractors.  Whether you work for a business or own a business, the next few months are certain to add to your workload, not to mention your blood pressure, as you prepare your tax forms to send to the IRS.  The secret to paying the least in taxes, interest and penalties is to have a familiarity with the tax laws.  That isn’t so easy when the laws change from year to year.  To help you get a handle on what is and isn’t allowable, I thought I’d take the time to give you a few time-tested tips.

Credit Card Crunch

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By Diane Tait
If you’re like most Americans, after the holiday season your credit cards are practically hot to the touch.That’s because they get a real workout in November and December.Having access to credit cards is a real convenience and a real danger.That’s because they allow you to buy things with money you have yet to earn.Like any lender, credit card companies make their money by charging interest on outstanding debt.Unless you can afford to pay your cards off completely every month, you can quickly get in over your head in debt using credit cards.To help you avoid a debt bomb that can quickly spiral out of control, I thought I’d give you a few tips on how to avoid the credit card crunch.