Self-Employed? Reporting your income may be more beneficial than you think!

moneyIf you are a self-employed individual, you have at your discretion to be flexible when reporting your income and deductions on your tax return. Of course, if you receive 1099s, this income will be reported to the IRS, however if you receive cash payments or unreported income, you may be go unnoticed.  Besides, will the IRS really know you receive those payments last year?  Hey, no one is looking – right?

Wrong! Even if you never been audited or never will, these type of decisions will be certain to catch up with you down the road. Continue reading


No More “Katrina” …… Not being prepared is simply not worth the risk!

Who would have thought on the seven-year anniversary of Hurricane Katrina, I would once again find myself on the road not knowing when I would return home. But at the very least, I can honestly say, this time I was better prepared.

I know many of us take “warnings” with a grain of salt, thinking certainly Hurricane Katrina could never happen again.  Or for those who were not affected by Katrina, may think – I am immune to these types of disasters.  But I have to tell you, no matter where you live, you must be prepared.

So, how do you really prepare for these nasty disasters? Continue reading

Financial Disaster Checklist

In case you need to evacuate this hurricane season, here is a listing of documents you should bring with you.  This checklist includes key financial documents such as tax returns, titles, deeds, insurance policies, and other essential items.  Also, keep in mind the list also include non-financial items such as resumes, licenses, transcripts and other items just in case you need to search for a job or transition to a new location. Continue reading

When Disaster Strikes!

On August 29, 2005, who knew an evacuation order would be the last time I would see New Orleans as I knew it. A “hurricane trip” as I referred to it happened frequently, so why would this time be anything different? My “hurricane trips” would usually turn out to be short vacations and time off from work, but this time I would never be able to return back to life as I knew it. Hurricane Katrina destroyed my home, my personal belongings and left me homeless. More importantly, I was now faced with financial uncertainties.

With the increase in natural disasters, how can you protect yourself financially from these ugly disasters?

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How to Pay for Your Loved One’s Funeral

Your loved one has passed away. If your loved one is like most Americans, you may be left in the dark about his or her final wishes. In addition to the many emotions you are feeling, you have yet another burden–paying for the funeral, a cost that continues to rise in America. Once all funeral-related costs are factored in, the typical traditional funeral service will cost the average family $8,000 – $10,000.

So, what do you do? It may be a good idea to start by speaking with your loved one’s close friends, family members and professional acquaintances. These conversations could uncover whether a life insurance policy is in place, a will exists or if funeral arrangements were funded prior to their departure. Continue reading