What do social media gigs, driving for companies like Uber, and renting out spare bedrooms in your house to travelers all have in common? They are all different ways of participating in what has become known as the Sharing Economy. This is also known as the Gig, On-Demand, or Access Economy. With the [...]
If you work at home and don't claim the home office deduction, you could be flushing money down the toilet. For the self-employed, a home office deduction can save you hundreds of dollars on your taxes. When claiming this deduction, you may claim things such as your mortgage and your utilities. But it's [...]
Before embarking on any debt reduction plan, be sure to save up $1000 as an emergency fund. Once this first step is behind you, it's time to take a look at your debt repayment plan. One of the most effective way of paying down debt is a method known as the debt snowball. [...]
It is commonly said that friendships and money don't mix, and in most cases that is correct. The simple fact is that money can easily strain any relationship. Many of us at some point have been there -- our kids, our friends, our family -- they want to borrow money, making us feel [...]
The following article was published by the IRS. The Internal Revenue Service has issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or [...]
