Watch Your Wallet, January 2009, Volume 2009, No. 1
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Business
These suggestions can help your business tighten up its credit and collections policies and improve its cash flow.
Cash is essential to the success of any business. Cash is the "life blood" that keeps a business operating. If cash drys up, the business fails. Understanding your business' cash flow is a key managerial skill.
Tax Tips
For 2009, personal exemptions and standard deductions will rise and tax brackets will widen because of inflation adjustments.
With tax season upon us, individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years.
The IRS allows a deduction for the fair market value of items contributed to qualified organizations. So how much of a tax deduction is that old sweater that’s boxed up in the garage?
Want your refund faster? Have it deposited directly into your bank account. More taxpayers are choosing direct deposit as the way to receive their federal tax refunds.
If you donated a car or other vehicle to a qualified charitable organization in 2008 and intend to claim a deduction, you should be aware of special rules that apply to vehicle donations.
The IRS has announced an expedited process that will make it easier for financially distressed homeowners to avoid having a federal tax lien block refinancing of mortgages or the sale of a home.
Finance
Here are three simple reminders to help you focus on your finances.
Quickbooks
Use this technique to close the books on the year to help prevent potentially costly changes to those periods.
