8 Ways to Save Money on Federal Tax Preparation

8 Ways to Save Money on Federal Tax Preparation Know Your Tax Situation - This is the most important tip that I can give. Understand the basics of your tax situation (do you itemize, # of deductions, # of exemptions, filing status, etc). This will make it easy for you to compare prices of either a professional or software. Do it Yourself - If your tax situation is simple enough, then you can … [Read more...]

Stay At Home Mom Math Analysis | What’s a Paycheck Worth?

In my post on how to afford to be a stay at home mom, I outlined some of the things our family did so that my wife could afford to stay home.  In that post I also mentioned that we didn’t even look at the math implication for that choice.  For us, it was simply the right thing to do, and so we did it.  However, I know that many of you who are considering staying at home will base the choice … [Read more...]

Stock Ownership – Your Rights And Benefits As A Shareholder

Historically, stocks have provided a good return over the long-term. But maybe you're hesitant to invest. Maybe you're not sure what you're entitled to as an owner of stock. In this post, you'll learn about three of the main benefits of stock ownership. Dividends When a company makes more money than it spends, it has positive net income. With positive net income, they can do one of two … [Read more...]

Important Mutual Fund Tax and Capital Gains Facts Every Investor Must Know

“If I exchange mutual funds do i still have to pay taxes?” Understanding the tax implications of your investments will help you appropriately structure your personal investing strategy in order to maximize your returns. This post focuses on non-tax sheltered investments so it includes any regular (non categorized) investments. What Are Capital Gains? A capital gain is money you make from the … [Read more...]

Turbo Tax or CPA | What is the Best Way to File Taxes?

One of the two certainties in life, so they say, are death and taxes. In my short life, I have had way too many interactions with governments.  I’ve been detained by the US customs, waited for hours in lines at US immigration offices, read hundreds of documents of boring legal mumbo jumbo about applying for a work permit, applying for temporary residence, applying for conditional permanent … [Read more...]

Starting Your First Business: 5 Things You Should Know

Today’s article is a guest post by Joel who is a CFP® that has started 5 small businesses: a health insurance agency and 4 other Internet companies that hold a portfolio of different money making websites. Some of his most recent projects include a website for comparing credit cards, a website  for comparing car insurance, and a website for comparing homeowners insurance quotes. (Craig’s Note: … [Read more...]