If you’re employed by someone else you filled out a W2 or W4. The employer then deducts payroll taxes such as social security tax, medicare tax, federal income tax, state income tax etc. However, if you have a side business or are completely self-employed the government still wants their share of the money. If you’re self-employed and have a sole proprietorship, an LLC or you are an independent contractor…
Here in the U.S., summer is quickly coming to a close. Many great things happen around this time, one of which is Tax Free Weekend. Tax Free Weekend is when the government gives it’s hard working taxpayers a break on necessary items and eliminates sales taxes for a weekend. The first sales tax free weekend was in New York state in 1997. This is done to promote shopping or consumerism…
I’ve been debating getting a tablet. I’m all about being green and saving green so a tablet that can act as an e-reader and allow me to be productive on the go. I LOVE reading so I thought this was an amazing idea. Also, I figured digital books should be more cost-effective, save space and be more green. Perfect right? Save money, space and the environment. However, this isn’t exactly…
No matter your income level, you need a spending plan. It’s not how much money, it’s how you work it. You may have seen the reports that a huge company like Wal-Mart and others didn’t meet their projections last quarter. Two points or takeaways for you: 1) They had projections of how much revenue (for you likely income) they were going to have. 2) Sometimes things don’t go according to…
Your habits and mindset has a great influence on your success, success with finances and life. The above infographic has been circulating after MaryEllen Tribby posted it on WorkingMomsOnly.com. It goes through some great tips and habits that you should institute if you want to be successful and some that you should drop to avoid not reaching success (notice I didn’t say failure). There are definitely some key elements that…
