Gasoline prices continue to set records even as oil prices are beginning to slip back from their recent highs, leaving many drivers frustrated and perplexed. The American Automobile Association reported the average price for a gallon of unleaded regular gasoline on June 15 was $5.014. That’s well above where it was a week, month and… Continue reading Why Are Oil Prices Down and Gas Prices Up?
Is Cash or Accrual Accounting Better for Small Businesses? CPA Answers
TheStreet’s Robert Powell caught up with Jeffrey Levine, CPA, and nationally recognized thought-leader within the financial planning community. He explains the difference between accrual basis and cash basis accounting, and what’s best for small businesses. Our TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You… Continue reading Is Cash or Accrual Accounting Better for Small Businesses? CPA Answers
Cash Vs. Accrual Accounting Explained With Examples
If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with both the cash and accrual accounting methods. Recommended: Is Cash or Accrual Accounting Better for Small Businesses? CPA Answers What is Cash Accounting Method?So, what’s the difference between cash and accrual accounting methods? Cash and accrual accounting methods… Continue reading Cash Vs. Accrual Accounting Explained With Examples
Employee Stock Purchase Plans and Your Taxes
Buying company stock at a discountMany large companies offer Employee Stock Purchase Plans (ESPP) that let you buy your employer’s stock at a discount. These plans are offered as an employment incentive, giving you an opportunity to share in the growth potential of your company’s stock (and by implication, work hard to keep the stock… Continue reading Employee Stock Purchase Plans and Your Taxes
Homebuilders Downgraded at Wells Fargo on Weak Housing Reports
Soaring mortgage rates are slamming the housing market. For example, pending home sales dropped 3.9% in April from March, the sixth straight monthly decline, according to the National Association of Realtors. “Pending contracts are telling, as they better reflect the timelier impact from higher mortgage rates than do closings,” Lawrence Yun, NAR’s chief economist, said… Continue reading Homebuilders Downgraded at Wells Fargo on Weak Housing Reports
“How Do I Keep Good Tax Records?” CPA Answers
One of the most critical – and sometimes hardest parts – of personal money management is keeping your financial records organized. By taking the time to clear out and organize your financial records, you’ll be able to find what you need, exactly when you need it. Retirement Daily’s Robert Powell sat down with Jeffrey Levine,… Continue reading “How Do I Keep Good Tax Records?” CPA Answers
Apple’s 13-inch MacBook Pro With an M2 Chip is on Sale
Apple unveiled its next-generation chip — M2 — at its annual World Wide Developers Conference keynote on June 7th. And now, just nine days later, you can order the first Mac to feature Apple’s latest chip. The 2022 13-inch MacBook Pro doesn’t strike with a brand new look, but rather the classic sleek, rounded MacBook… Continue reading Apple’s 13-inch MacBook Pro With an M2 Chip is on Sale
Is It Possible to Lower My Effective Tax Rate? What Are My Options?
For information on the third coronavirus relief package, please visit our “American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. As you examine your taxes and seek ways to pay less, you might wonder if lowering your effective tax rate can help you reach that goal. The good… Continue reading Is It Possible to Lower My Effective Tax Rate? What Are My Options?
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