Browsing CategoryFinance

With robocalls more prevalent than ever, it is easy to fall victim to a tax scam. Thieves are no longer out on the street but can attack you through your phone and computer. In 2018, the Federal Trade Commission reported that more than 488 million dollars were stolen in imposter scams, which increase sharply around tax filing time. Optima Tax Relief reviews the top five tax scams that you should be aware of in order to keep your information, data, and money safe. 1. Voicemail Fishing (Vishing) Due to rampant sales calls, most cellphone users don’t answer a number they…

You’re living on your own. You’re almost done school or you’ve landed your first big job! But nobody told you that “adulting” was so expensive. Besides the obvious costs like food and rent, you may find that your bank account is being drained by a few dozen little costs that add up to way more than you anticipated. Every now and then, you may find yourself coming up short. Even if you’re pretty good at budgeting, unexpected expenses have a tendency to derail the best-laid financial plans. But you’ve got this, right? You’re not going to ask your parents for…

Settling With a Debt Collection Agency

Having unpaid debts or mismanaged debts can do great damage to you and it is something which you should always do your best to resolve as soon as possible. Those who have unpaid debts can find themselves in legal trouble, it can cause great stress which can also result in anxiety issues, it can tear families and friends apart and it can feel like a never-ending cycle of pain. This doesn’t have to be the way however and as the team at debt collectors Brennan & Clark LLC know only too well, there is always a way out. What Are…

Those who are living with debt that does not exceed $250,000 and who have a steady source of income are potentially excellent candidates for a consumer proposal. Filing a consumer proposal is one way that people who can’t pay back their creditors can find debt relief. In a consumer proposal, the debtor and creditor come to an agreement that acknowledges that the debtor can’t pay back what they owe in full. Unsecured debt isn’t attached to physical assets that a creditor can easily take back, which makes consumer proposals a good alternative. The creditor gets back at least some of…

Making money with bitcoin

Earning money via bitcoin is one of the reasons so many people are invested in the cryptocurrency. It’s the quintessential “get-rich-quick” scheme. Over the years, people have learned how to buy bitcoin and how to invest them to make a profit. It has gone as far as to see people invest in other altcoins and penny cryptos. The point is, a lot of people are earning money via bitcoins. Are you thinking about getting into bitcoin as well but don’t know how the money is made? Or are you scared of how the price fluctuates as much as it does?…

On the face of it, a half-payment budgeting solution seems like a disaster waiting to happen. However, it can be a solid strategy if you want to stretch your dollars. Here’s how it works. Budgeting can be a difficult and, let’s face it, depressing process. Constantly being reminded of how much money you don’t have can make you want to raise your spirits by [ominous music here] spending money. However, if you don’t want to adopt a draconian budgeting approach, you may want to learn more about the half-payment budgeting method. No – you don’t just pay half your bills…

taxes

When it comes to business taxes, most of us are in the dark about them. There are so many ways a business can identify and file, such as an LLC, SMLLC, Corporation, S-corporation, Sole Proprietor, or Partnership. We know we have to pay taxes. We know that if we don’t, there will be serious consequences. But what are disregarded entities? And do they need to file taxes? Does a single LLC need a 1099 and what is it? And why and when do we need a tax professional? Let’s take a look. What is a disregarded entity for tax purposes?…

Every parent should know that teaching children the true value of money, together with financial responsibility importance is vital for future development. Nowadays, it is more important than it ever was to teach teens how to be credit card savvy. Really good credit automatically means that the child ends up understanding things when young. This prepares them for the time when they will be alone. Turning Point USA works hard to teach children and teenagers about financial responsibility. They offer the following tips. Discussing Financial Realities The first thing to do is to talk to the teen about living in…

Photo by Katie Harp on Unsplash When unforeseen circumstances throw a wrench in your affairs, panicking is an understandable response. Keeping a level head and working through things logically, however, can save you a lot of long-term hassle. Unexpected expenses can really throw out your budget, but there are ways to deal with them that won’t make the sky fall in. Plastic is Not Fantastic When your bank balance doesn’t exactly cover the bills, it can be tempting to reach for your trusty credit card and put everything firmly in the deal with it later pile. The problem with this…

Traders who are interested in dipping their toes into the world of cryptocurrency should learn a few things about how the industry operates to understand their day trading opportunities better. The ups and downs of any cryptocurrency will provide the rush that day traders seek, but the volatility can lead to unexpected results. The best tip we can give is to educate yourself on how the cryptocurrency market works, but you should keep these extra tips in mind when trading. Learn How Blockchain Technology Works The underlying technology behind cryptocurrency is called the blockchain. It is a record that cannot…