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Reasons To Get Medicare Supplement Insurance

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If you already have Original Medicare coverage, you can qualify for Medicare supplement insurance as well. The Original coverage has two parts: Medicare Part A and Medicare Part B. Part A offers hospital insurance while Part B covers medical insurance costs like doctor visits, vaccines, medical equipment, and specific screenings. Both parts may come with an annual deductible, copayments, and coinsurance for given inpatient treatments. To reduce the cost burden of your Part A and Part B Medicare, you should buy a Medicare supplement plan— also called Medigap or MedSupp. Read More»

Got An Unexpected Tax Bill? Why It Happened And What To Do

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Did you experience a drop in your expected refund when doing your taxes this year? Many Americans did, so you’re not alone. But why did this occur this year, and what should you do to avoid any surprises next year? Here are a few answers. The Tax Cuts and Jobs Act  In late 2017, a large-scale change to federal income taxes was enacted. The Tax Cuts and Jobs Act (TCJA) altered something on just about everyone’s tax forms, from the rate at which they’re taxed to what can be deducted to how even the standard numbers are calculated. Read More»

How To Make Accounting Easier For Your New Business

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When you are first starting a business, accounting can be a difficult task to master. However, there are several things you can do that can make your job much easier as you open your doors to the public. Keep Your Finances Separate Make sure to keep your personal and business finances separate. Do not place your personal assets and your business assets in the same bank account. If you are a sole proprietor, you are not legally required to keep a separate bank account, but doing so is highly recommended. Read More»

Take The Guesswork Out Of Your Finances And Save Money

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If you own a small painting business and have recently branched out by adding additional manpower by hiring a few more individuals, it may be burdensome to keep track of what you are actually earning and how much money is being spent on supplies, wear and tear to your work vehicles, and salaries. Hire a certified accountant to help take the guesswork out of your finances and streamline the payment process. Read More»

Interested In Starting An E-Commerce Business? 3 Financial Elements To Keep Track Of

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E-commerce businesses allow you the ability to sell items in the digital world, often without having to hold onto any of your own inventory. You are able to order inventory from manufacturers and have them send that inventory directly to your customers. If you are interested in getting into the world of ecommerce, you need to make sure that you know how to take care of the financial end of things. Read More»

Get Your Business Finances In Order

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If you own an automotive shop and have recently been swamped with customers, resulting in you haphazardly handling accounts receivable and payable, it may be difficult for you to keep track of the amount of money profited each week or the money needed to satisfy recuring bills. Get your finances in order by following the tips below. Reduce And Organize Paperwork If you are someone who tends to hold onto every scrap of paper that you encounter and neglects to file documents or dispose of what isn’t needed, you may feel overwhelmed with the mess you see whenever you go into your shop’s office. Read More»

3 Tips For Handling Your Business Accountant

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When you need to be sure that your company is providing records for all financial matters, while also remaining organized as you grow, focusing on your small business accounting is crucial. You will want to hire a small business accounting professional who can keep you on track. These points below will show you what you can do to hire a small business accounting contractor, and what a small business accountant can do for your business. Read More»

Setting Up Your Business: Deciding On A Sole Proprietorship Or S Corporation When You Work For Yourself

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If you run a business and you are the only employee, you may decide to simply set up a sole proprietorship. While this is effective for some business owners, it’s also possible to set up an S corporation even when you are working alone. With a sole proprietorship, you use your own social security number for tax purposes. When you create an S corporation, you obtain a federal tax identification number that you use in place of your social security number. Read More»

3 Advantages Of Working Past Retirement Age

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At some point, most people plan to retire. However, some people reach retirement and find that they are not ready to stop working. This can be due to improper planning, but some people desire to keep working because they are passionate about their fields or because of other aspects of retirement. The following are a few reasons to keep working instead of retiring.  Protect your “nest egg.” You likely have some money invested in your retirement. Read More»

3 Reasons To Switch To Automated Timekeeping

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Staying competitive in today’s marketplace can be challenging, especially for small companies that don’t have the financial resources their larger competitors may have. If you are looking for some simple ways to cut your overhead costs in order to make your small business more profitable, you should consider switching to automated timekeeping for your employees. Here are three reasons why automated time cards could prove beneficial to your company’s bottom line in the future. Read More»