Bailout Bill Extends Tax Breaks for Individuals
In 2008, legislation was passed to help rescue U.S. markets and the economy. But did you know that these bailout bills also included a bundle of income tax breaks for individuals, ...
Quiz: What's Your Money IQ?
Like a lot of people, you're probably getting a little nervous about the state of your finances these days. So how smart are you, exactly, when it comes to money matters? Find out!
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Reporting Tip Income - Restaurant Tax Tips
Tips your employees receive from customers are generally subject to withholding. Employees are required to claim all tip income received. This includes tips you paid over to the employee for charge customers and tips the employee received directly from customers. Employee Requirements Employees must report tip income on Form 4070, Employee's Report of Tips to Employer, (PDF) or on a similar ... -
Beware of Higher Tax Bill Before Dropping 401(k)
DES MOINES (AP) — With economic pressures mounting, you may think reducing your 401(k) contribution is an easy way to add money to your paycheck. But before you do, consider how it will increase your tax bill. Many people have become so focused on the recent losses of 30% or more in their account balances that they've forgotten a primary benefit ... -
5 Things You Can Do Now to Prepare for Rising Inflation
We all have our little fears: The frayed wire on the coffee maker. That knocking noise from the left-rear tire. The zombies staggering around in the backyard. For investors, one of the biggest fears today is inflation — a period of rising prices. Inflation erodes the buying power of your money at home and abroad. In a worst-case scenario, it can ... -
Hitting the Personal Financial Reset Button
A BW senior correspondent details his quest to repair his retirement portfolio and get his family's finances in order It could have been worse. At the end of February—a year and change since my wife and I had shifted our money to professional wealth management advisers—our equity holdings were down 48% for the 16 months they had managed it. But our ...
Restaurant Insurance Basics
So you're opening a restaurant, specialty food store or catering service! Congratulations! Have you insured yourself and your new venture yet? One area in the culinary industry you simply cannot afford to cut corners on is insurance. It can protect you and your business from everything from broken kitchen appliances to food poisoning lawsuits. Here are the different types of insurance ...
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