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Spend Less with These 5 Money Tips
Government data shows that record inflation from the last few years started to slow down throughout 2023, but much of the damage has already been done. Every bill we pay and purchase we make costs more now, from insurance to clothing, and groceries to household...
The IRS is NOT Always Right
If you receive a notice from the IRS, do not automatically assume it is correct and submit payment to make it go away. Here are some suggestions for how to handle a letter you may receive from the IRS or other taxing authority: Stay calm. This is easier said than...
Practice Overhead
Overhead is classified as ongoing business expenses not directly attributed to creating a product or service, and there's no exception to needing to cut overhead in a dental practice setting. According to an article on Dental Economics, "The largest impacts on...
Multiple Jobs: Be Prepared for Tax Surprises
Working more than one job can help maximize income, but also potentially create a tax surprise. Here are several be aware of: Social Security Surprise: As a full-time employee, the most you'll have to pay in Social Security taxes in 2023 is $9,932. The problem is each...
Credit Score Tips
Regardless of your career choice or age, having a solid credit score will help immensely throughout your life. Here are some tips to build good credit: - pay loans on time, every time - don't get too close to your credit limit: under 30% is ideal - start building...
The Home Gain Exclusion: Make Sure You Qualify!
The home gain exclusion is one of the most generous tax breaks available to taxpayers, providing the ability to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence. Here is what you need to know. Background As long as you...