|Posted on June 20, 2016 at 11:50 AM||comments (0)|
I've heard horror stories about social security not being available when I reach retirement age. The thought of working all my life and having no sustainable source of income to carry me further is frightful. Clearly the political minds of the world have thought the same thing.
While reading my monthly newsletter from American Institute of Professional Bookkeepers I read an interesting fact that I needed to research for my ...Read Full Post »
|Posted on June 24, 2015 at 7:50 PM||comments (0)|
I was reading an article from Entreprenuer.com dated back in 2010. This may seem like a dated article but the information in it was and is very real to this day for many small business owners. The topic at hand is about mixing business and personal finances together.
Important Fact: The IRS frowns upon this type of activity.
Important Fact: Some form of legal entity should be established.
A few other points that were discussed in the a...Read Full Post »
|Posted on January 24, 2015 at 9:15 AM||comments (0)|
Have you tried to deposit cash into a bank account that is not yours? Have you been asked for ID or "are you a signor on this account? Couldn't make the deposit, could you? Well here is why.
Chase and other banks are sighting the Bank Secrecy Act for their changes to cash deposits. Per the FDIC.gov regulation page about the Bank Secrecy Act, "The Financial Recordkeeping and Reporting of Currency and Foreign Transactions Act of 1970 (31 U.S.C. 5311 et seq.) is ref...Read Full Post »