With the Filing deadline for the 1040 approaching in April, it is a good time to begin assessing your financial situation and to make some decisions. There are two major decisions you can make before the date: either send off the tax return or begin seeking an extension before the date. The following set of… Read more
Viewing posts tagged with: taxes
Potential pitfalls of being self employed
Working for yourself can seem like the dream job. Who wouldn’t want to avoid the daily commute, not to mention the demands of an impatient boss? Certainly, many Britons are deciding that self-employment is the right option for them — so much so that the UK is now fast-becoming Western Europe’s self-employment capital. The government… Read more
Budgeting for a New Home: 4 Things to Consider
Your home is probably the most expensive and important investment you’ll ever make. It’s easy to get caught up in floor plans, wood finishes, and school systems while forgetting about the more mundane details of home buying. However, preparing a budget and managing your finances are extremely important tasks for any future homeowner. Here… Read more
I can’t complain
I realize that I have complained a lot lately about how slow things have been and how frustrating it is to deal with Guatemalan bureaucracy and the red tape. But really, there are many reasons why I can’t complain, you can’t have it all. If I love that most rules aren’t enforced and you can… Read more
Things to consider when setting up a business as a partnership
It is common for potential contractors to be reluctant about ‘going it alone’ and entering self-employment as a sole trader. Perhaps your line of work lends itself better to being completed by two people, or maybe you just need someone to bounce ideas off. Whatever the reason may be, entering into a partnership… Read more
Your Taxes Shouldn’t Be Financially Taxing
After working for years doing typical monotonous work in Cubicleville crunching away at numbers, balancing accounts and adjusting general ledgers, I thought I had a pretty firm grasp on my own financial future. Sure, I started a 401k and put a percentage of my pay away for that rainy day, years from now. I invested… Read more