The added busyness of the holiday season can leave all of us frustrated with our lack of time and organization. One of these tools might be just what you need? Hope it's helpful!
ENTREPRENEUR.COM
How to Organize Your Life With the Help of Technology
Ever heard of SALT? It's tax pro speak for "Don't forget to plan for state and local taxes." When we look ahead with you at your tax plan, the federal government's tax code isn't all we'll pay attention to. If a tax advisor tries to plan your bill without talking about state taxes, they're giving you the short end of the stick.
This may burst some bubbles, but it must be said: there is no minimum amount for income that makes it reportable on your taxes. Yes, you owe on every dollar you make. While it may be tempting to let that small side-gig slip under the rug, don't do it. It's not worth the heavy conscience or the back-tax bill (plus interest) you very well may get hit with later.
Here are 6 essential business components for any small business owner, new freelancer, or participant in the growing "gig economy" to make sure they have covered:
1 - Disability and Workers' Comp
2 - Property and Liability Coverage
3 - Unemployment Coverage
4 - Healthcare Plans
5 - Retirement Plans (401(k)s, etc)
6 - Retirement Income Plan (Social Security and beyond)
Ever wonder what those "taxes and fees" are that get tacked on to your holiday flight bill? Flying domestically with no layovers will garner the least amount of those extra taxes and fees that you have to pay.
TAXFOUNDATION.ORG
Understanding the Price of Your Plane Ticket
If you come across a charity that you know is a scam, the IRS recommends the following:
1) Don't reply.
2) Don't open attachments. They might carry malware that will affect your computer or phone.
3) Don't click any links.
4) Forward the scam email, preferably with its full headers (to, from, subject, etc.), to the IRS at phishing@irs.gov.
5) Delete the original email.
