Home-based businesses can be financially rewarding and provide a certain amount of flexibility with your day-to-day schedule. Here are some tips to keep your business running at full steam. Stay on top of technology: While you may not need a top of the line computer, be sure that the technology equipment you use can handle the bandwidth of everything you'll ask it to do, including video calls, software apps and data storage. Also consider scheduling a time for your internet p

Home-based businesses can be financially rewarding and provide a certain amount of flexibility with your day-to-day schedule. Here are some tips to keep your business running at full steam. Stay on top of accounts receivable: It’s easy to get caught up with fulfilling your business obligations while invoices you've sent out go unpaid. Agree to payment terms in advance with new customers and immediately - but politely - communicate with them as soon as they miss a payment dead

Wages and self-employment earnings are taxable, but what about the random cash or financial benefits you receive through other means? If something of value changes hands, you can bet the IRS considers a way to tax it. Here are two more taxable items that might surprise you: 1) Social Security Benefits: If your income is high enough after you retire, you could owe income taxes on up to 85% of Social Security benefits you receive. Tip: Consider if delaying when you start colle

Wages and self-employment earnings are taxable, but what about the random cash or financial benefits you receive through other means? If something of value changes hands, you can bet the IRS considers a way to tax it. Here are three taxable items that might surprise you: 1) Scholarships and Financial Aid: Applying for scholarships and financial aid are top priorities for parents of college-bound children. But be careful — if any part of the award your child receives goes towa

With tax season now officially underway, there are several tax documents that may be easy to miss in your mailbox or inbox, including your identification PIN and corrected tax forms. Identification PIN: The IRS may have assigned you an Identity Protection PIN (IP PIN) to help protect your identity. An IP PIN is a six-digit number that prevents someone else from filing a tax return using your Social Security number or Individual Taxpayer Identification Number. This IP PIN is k

With tax season now officially underway, there are several tax documents that may be easy to miss in your mailbox or inbox, including your child tax credit letter and stimulus payment letter. Child Tax Credit Letter: From July through December 2021, the IRS paid out 50% of projected child tax credit payments to qualified households. The IRS is sending out a recap of these advance payments in Letter 6419 that you can use to correctly account for these payments on your tax retu