Personal Finance | AccountingWEB.com

Wrangling Continues over the Payroll Tax Cut

12/19/2011 - 12:15 - 1304 reads - 1 comment

This morning (December 19), the Associated Press reported that "Boehner spoke after a chaotic weekend in which Senate leaders first failed to agree on a full-year bill, then coalesced around the two-month extension that passed overwhelmingly, only to spark a revolt among GOP conservatives in the House."

Is It Time for Your Clients to Refinance?

12/09/2011 - 14:27 - 1149 reads

The going rate for a conventional, thirty-year mortgage has dipped below 4 percent, and the rates for fifteen-year mortgages are even lower. Given this environment, should your clients refinance?

New Financial Assessment Tool Helps Consumers with Financial Health

11/29/2011 - 13:49 - 1476 reads

The National Foundation for Credit Counseling (NFCC) has launched a free online financial resource tool for consumers. MyMoneyCheckUp is designed to provide an assessment of a consumer’s overall financial health and behavior.

How to save money on the first year of college

09/27/2011 - 17:02 - 1866 reads

Parents of freshmen are often very surprised by the price of books, travel, dorm accessories and other college necessities. The Texas Society of CPAs offers six tips on how to save on these and other expenses.

IRS explains dependent care credits for kindergarten costs

08/15/2011 - 23:35 - 2023 reads

As a new school year beckons, parents may be enrolling their young children in kindergarten and various other after-school programs. Can taxpayers claim the dependent care credit for any part of those expenses?

Tax tip: Summer day camp expenses may qualify for a tax credit

07/20/2011 - 03:30 - 2901 reads

Along with the summer come some extra expenses, including (possibly) day camp for children. It may be a pleasant surprise for some parents that the costs of sending their children to these camps may qualify for the child and dependent care tax credit.

Five questions to ask in your financial tune up

07/12/2011 - 00:29 - 2492 reads

Accountants from the Texas Society of CPAs have put together a collection of five key questions to ask yourself when doing a review of your personal finances.

Poor record keeping can cause big bankruptcy headaches

06/22/2011 - 22:20 - 2057 reads

In the bankruptcy world, failure to keep accurate financial records can be grounds for denial of a discharge of debts. The bankruptcy trustee can actually sue you if your records aren’t in order.

New Baby Boomer budget item: Taking care of the parents

06/16/2011 - 12:53 - 3312 reads

It is estimated that nearly 10 million adult children over the age of 50 care for their aging parents. These Baby Boomers should be finalizing plans for their own retirement, but they are putting their parents first.

IRAs for minors are an investment in a child's future

05/11/2011 - 12:37 - 2380 reads

As traditional retirement age draws near for the Baby Boomer generation, many are wishing they had started saving earlier and more aggressively. If you want to help your children avoid that mistake, now is a perfect time to start them on the road to saving for a comfortable retirement.