Bankruptcy

5 Top Tips to Avoid a Tax Audit

5 Top Tips to Avoid a Tax Audit

We all know taxes are a necessary part of our lifestyles. We need schools, emergency services and government. What we really don’t need as small and medium business owners is a comprehensive tax audit. Tax audits are a very lengthy and involved process, which usually calls for the services of a professional, so if there […]


Bankruptcy IS an Option

Bankruptcy IS an Option

There was a time when we used to think of bankruptcy as the worst thing that could happen to us and as something that we should absolutely avoid at all costs. Of course it’s not ideal to declare bankruptcy no, and it’s something that many of us would much rather not have to do – […]


Five Things to Do with Your Tax Refund – Other than Spend It

Five Things to Do with Your Tax Refund – Other than Spend It

What are you going to do with your tax refund this year? If your immediate answer was “spend it,” you might want to think again. According to the IRS, the average tax refund in 2012 is $2,899. That’s certainly a significant amount of money that could buy you a lot of fun, nice things. But […]


Do It Yourself Tax Preparers Save Time, Money and Stress

Do It Yourself Tax Preparers Save Time, Money and Stress

Most people do not need professional tax preparation. The internet has taken the anguish and arithmetic out of filing tax returns. Using just the information from their W2 forms, approximately two-thirds of working Americans can complete and submit IRS form 1040EZ. One form, about a dozen numbers, a little addition and subtraction, and the process […]


Dealing With Back Taxes

Dealing With Back Taxes

Taxes are an issue that almost everyone has to deal with at some point. If you cannot afford to pay your taxes and you let them become late, the Internal Revenue Service can take drastic measures to collect the money that you owe. If you find yourself in a situation where you owe back taxes, […]


Last Minute Tax Prepartion Tips

Last Minute Tax Prepartion Tips

So you’ve waited until the last minute to file your taxes, eh? Don’t worry, you aren’t alone! I haven’t either. The good news is that the IRS has pushed the filing date back to April 17th! The bad news is that tax preparers are busy and it may be difficult to get help in a […]


Getting Proper Advice On Going Bankrupt

Getting Proper Advice On Going Bankrupt

In our lives we all have to make some big decisions. Things such as going to university or not, buying property, getting married, having children, etc, for many of us, are huge decisions to be made.  Accepting a job offer, moving/relocating to a new town or even country, again, big decisions to be made. And […]


Five Tax Refund Tips You Won’t Want to Miss

Five Tax Refund Tips You Won’t Want to Miss

Depending on whether you are required to cough up some unexpected tax money or you are owed a refund, tax season can either seem like doomsday or like Christmas in April. Even though most people dread the filing process, it is more than worth it to discover that you have a sweet refund check headed […]


The Smarter Way To File Your Taxes

The Smarter Way To File Your Taxes

Did you know that the average refund distributed during tax season is almost $3,000? Most of the time, that refund will go right into a savings account, but there are other ways to spend a tax refund that can boost your refund for next year, and no, it doesn’t include going on vacation or a […]


How Bankruptcy Can Affect Your Credit Rating

How Bankruptcy Can Affect Your Credit Rating

Bankruptcy is perhaps one of the most severe financial setbacks you can experience, and it can take some time to recover. Credit cards can help you with this, but do remember that it’s illegal to apply for one if you are classed as an undischarged bankrupt. What is bankruptcy? The word bankruptcy comes from two […]


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