The Situation Do Americans borrow too much? YES! A resounding YES! Numbers back that up. In fact, the moment a student goes to college, he is already in debt. Because of the high cost of college education in the United States, Americans who want to get a degree don’t have …

  Family members can be great for business. There are a number of positive results when a business relies on kinship: financial benefits, tax benefits and the growth of the business. But one needs to consider proper planning when involving family in business affairs. One positive impact in family businesses …

Everyone dreams of going on a vacation. But the expenses are too steep. You have to think about transportation, food, lodging and other incidental expenses. In some cases, you may even need to splurge on some necessary wardrobe. If you don’t have enough money but you go on a vacation …

Buying a house is a stressful activity. That makes sense because it’s a large investment and it becomes a big part of your house. A home, after all, is where the heart is. And you can’t heart a house that is not right. According to a survey conducted by Owners.com, …

There is nothing wrong with being an employee. It’s often more secure and less risky than starting your own business. But if you really want to earn more than your usual income from your 9-5 job and several gigs, you have to start your own business. Starting a business is …

If you’re working at home whether as a self-employed or an employee, you can deduct particular expenditures for the part of your home that you use for your home-based business and/or employment. When deducting such expenses in your home for business purpose, you should consider the following: Use your home …

It is nerve-racking to make money through self-employment. However, making money can be even more stressful during the time when taxes are computed and collected out of your business income. To avoid the stressful impacts of tax collection, here are some important questions and answers for you to be fully …

Business is never a sure thing. Many experience losses before gaining success. If you are operating a home-based business and are experiencing tax losses, it is best if you check out the IRS rules on the deduction of tax losses. There is a cap to deducting ordinary losses from a …

I have three important questions for you: Do you know the different types of business structures? Do you know the way in which such business structures are taxed? Do you know that every business structure determines your business profit? These questions imply how your business is doing which is also tantamount …

It can be very stressful to manage wealth. Keeping track of where your money is going is often the most overlooked aspect of managing wealth. This is why it’s crucial to craft a working financial management blueprint. The good news is there are effective and proven ways to manage your …