How to Create a Financial Plan for Your Side Hustle or Small Business Startup
If you just started your side hustle, you may feel like you don’t need a financial plan. However, as your business grows and new costs and considerations pop up, it will become more complicated. If you want to decrease stress and be prepared, a financial plan is crucial. 3 reasons to have a financial plan…
Read More12 Ways to Fund Your Small Business
Many businesses take months or even a few years to turn a profit. Plus, small businesses often take a substantial amount of money just to get off the ground. So where can this money come from? Check out 12 ways people fund small businesses to help determine which is right for you.. Consider the risk Before…
Read MoreHow Much Should You Save to Start a Business?
Like many topics in finances, there is no one answer for how much you should save to start your business. But we have a simple 4-step method to help you find the right path and set realistic savings goals. But before we get to the 4-step method, I want to answer a few common business…
Read More7 Tips for Tracking Your Small Business Expenses
Tracking expenses and revenue for small business owners is necessary to ensure a healthy business. Accurate financial information is needed to help make business decisions. Check out these tips for when you are starting a business or for when you are in your early years. 1. Have a separate business checking account. Mixing personal finances…
Read MoreHow to Get a Smaller Tax Refund in Order to Keep More Each Month
Often when we think of tax refunds, we think getting the biggest tax refund possible is great. But it may be better to keep more of your money each month by having less taxes withheld from your pay. This may help you pay your bills, pay off debt faster, or boost your savings. But you…
Read MoreWhat Should I Do if I Owe Taxes and Can’t Pay?
Most of us get tax refunds when we file our tax return. But sometimes we owe the U.S. Treasury some taxes when we file our tax return. Whether it’s expected or unexpected, the good news is if you owe, there are options. The IRS ultimately wants you to be able to pay. My advice starts…
Read More4 Ways to Get Help with IRS Issues
To help ease some of the difficulting of contacting the IRS during tax season, we are sharing four approaches you can try to fix your tax issue. 1) Discuss with your tax professional or tax preparation service if you have one. For some of us, this may seem obvious, but maybe we weren’t happy with…
Read MoreHow to Use Your Tax Account on IRS.gov
I like to say that your IRS online Tax Account is your friend. The IRS has slowly been adding capabilities to your online account. Which means there are customer service improvements. I expect improvements to continue since the more that can be done online, the less the strain will be on the IRS customer service…
Read MoreWhat if Letter 6419 or IRS records don’t match what I received for Child Tax Credit payments?
As of late December 2021, the IRS had a backlog of 6 million unprocessed individual tax returns and 2.3 million unprocessed amended individual tax returns from last year. As a result, this tax season is expected to include delays in processing. In this article, we will share five steps to help avoid delays and what…
Read More5 Ways to make sure your tax return is processed ASAP
The IRS does not guarantee tax return processing times, but here are five ways to make sure your tax return is processed as quickly and as smoothly as possible to minimize any delay in receiving your refund. 1.) File your tax return electronically. Electronically filed tax returns typically get processed faster than mailed tax returns.…
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