“Paying off credit card debt using your IRA jeopardizes your future retirement savings,” says Carolyn Howard, founder of SeaCure Advisors LLC, in Sarasota, Fla. “It also causes you to pay more for the credit card debt due to the taxes on the IRA withdrawal.” Withdrawing funds from an...
including ayear-endaccount summary, which can help a bookkeeper track, categorize, and manage expenses. It can simplify bookkeeping, help when using outside professionals to navigate anauditand pay taxes, and provide
3. For payments to the government Those pesky bills due to the federal, state or local governments often tack on a fee for credit card payments. The IRS, for example, offers three payment processors that charge between 1.85% and 1.98%. If you owe the government taxes, you’ll...
but TurboTax, the most popular service, gives you a choice between doing your taxes on the web or purchasing the software. If you use the online service, you’ll pay separately for each return you file (unless eligible for a free return). If you purchase the software, the price includes ...
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Sarah Jacobs
Annuities Can Help Avoid Penalties and TaxesSome of your clients may have been fortunate enough to accumulate $1 million or more, and probably feel like they don't have a thing to worry about. If they aren't careful, however, they could end up forfeiting some of those hard-earned ...
Balance transfer credit card:Some credit cards offerzero percent introductory interest rateson balance transfers. This can provide temporary relief from high-interest debt, but it’s important to pay off the balance before the promotional period ends to avoid high interest rates. ...
Roberta Mann:Well, I think the Break Free from Plastics Act, which was introduced in 2021, and again in 2022, maybe is a kind of a good place to start with that discussion. Because it's designed to go at the producer level, which does make it easier for the IRS to administer i...
When its time to cut checks, you have the tools you need to stay on top of taxes, benefits, paid time off, and so on. Nobody likes payroll surprises. Make sure it’s easy for you to get people paid on time, every time, with as little busy-work as possible. In this post, I...