Phishing is a scam typically carried out with the help of unsolicited email or a fake website that poses as a legitimate site to lure in potential victims and prompt them to provide valuable personal and financial information. Armed with this information, a criminal can commit identity theft or financial theft. If you receive an [...]
Topping this year’s list Dirty Dozen list of tax scams is identity theft. In response to growing identity theft concerns, the IRS has embarked on a comprehensive strategy that is focused on preventing, detecting and resolving identity theft cases as soon as possible. In addition to the law-enforcement crackdown, the IRS has stepped up its [...]
A RAC is a check or other type of payment that allows you to get your refund money. RAC fees are deducted from the refund amount shown on your return. The fees include charges for tax preparation and a fee for the RAC. Before you enter into a RAC agreement with a tax preparer, the [...]
A RAL is not a quick, fast or instant refund. It is a high-interest loan. The lender will charge you interest and fees, which will reduce your refund. Before you enter into a RAL agreement with a tax preparer, the preparer must give you a written disclosure statement that explains: ~you aren’t required to take [...]
~review the entire return before you sign ~make sure your preparer signs the return ~get your papers back, including copies of all final returns ~get a receipt that contains the preparer’s address and phone numbers
~ask you to sign a blank return, an incomplete return, or a return with false information on it ~prepare your return without reviewing the records required to complete an accurate return, such as information about your dependents, child care expenses, or tuition payments ~guarantee that you’ll receive a tax refund ~guarantee that you’ll receive a [...]
Before you hire a tax preparer you should: ~ask for a written estimate of all fees before handing over your tax records ~ask if the preparer will e-file your return ~ask if the preparer will represent you if you are audited
Domestic Aesthetic manufactures their Bamboo Tray in Detroit, Michigan. The company is based in Brooklyn, New York. For more info, visit www.domestic-aesthetic.com. The company was supplying metal parts to the auto industry and has now embraced the innovative bamboo tray into its inventory to stay current and vital. The company also has a line of [...]
You can start a small business for a wide variety of reasons: flexibility, self-esteem, money, fulfilling a dream. In today’s world, many people want to start a spare or part-time business to generate extra income each month but don’t want to go through what they might perceive as the hassle of coming up with an [...]
Many Olympic coaches preach that success in sports is 90% mental and only 10% physical. You can go for the gold, too, by practicing mental imagery and visualization techniques in your small business. Different uses of imagery in sport include: mental practice of specific performance skills, improving confidence and positive thinking, problem solving, controlling arousal [...]
The U.S. Federal Trade Commission has a series of free publications on consumer credit issues including “Choosing a Credit Counselor,” and “Knee Deep in Debt.” To get copies, call 800-FTC-HELP or visit www.ftc.gov/credit.
To entrepreneurs, ideas are a dime a dozen. In fact, many small business owners experience an entrepreneurial mania of new ideas coming at a fast pace. It is important to work on and fine-tune your current projects before moving on and tackling a new creation. The money is in the execution.