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text 2015-03-09 03:30
Hass and Associates Accounting Hong Kong Tax News and Tips: 33 stora privatekonomi tips

 

Det är svårt utan en plan att spara pengar. Nedan, tips bästa på hur man sparar pengar från experter och medier runt om i världen.

 

Grundläggande regler för ekonomisk framgång

 

"Smart money drag är inte mer komplicerat än du tror," sade Brett Arends på The Wall Street Journal. "De är enklare." Följ bara några "enkla, berggrunden" strategier, och din ekonomi kommer att förbli frisk. Först, ignorera de så kallade experterna. "Bestånd som Wall Street experter som mest allmänt biljettpris inget bättre än de som de gillar minst — eller bestånd som valts slumpmässigt." Hålla din investeringsstrategi grundläggande; "en enkel, diversifierad portfölj av billiga indexfonder, omfördelat årligen, kommer att göra bra – om inte bättre" än något en portföljförvaltare kan göra för dig. Sätta de flesta av din långsiktiga portfölj i aktier, eftersom de "generellt ger den bästa långsiktiga avkastningen." Investera globalt. Köp försäkring. Bidra så mycket som möjligt till din 401 (k) plan. Och "plan för ett långt liv," vilket innebär att minska din skuld och spara tidigt — och en hel del.

 

Apps för prisjägare

 

Rabatt shoppare, jubla, sade Kristin Wong på Bankrate. "Kuponger är nu lika enkelt som att dra skärmen." Dussintals apps nu hjälp prisjägare "navigera försäljning, jämföra priser, och även få pengar tillbaka på vissa objekt" de köper.

 

Finansieringsalternativ för homebuyers

 

Flera nya program kan hjälpa cash-fastspänd homebuyers, säger Tara Siegel Bernard på The New York Times. Fannie Mae och Freddie Mac nyligen infört program som tillåter medelinkomstländer låntagare att betala så lite som 3 procent som en handpenning och Federal Housing Agency, som kräver minst 3,5 procent ner, sänkte sin inteckning årspremie, att göra sin process "lite mer konkurrenskraftig.

 

Vad till gör efter hymnen hacka

 

En större cyberattack på landets näst största hälsa försäkringsgivare innebär konsumenterna bör vidta åtgärder för att skydda sina data, säger Tara Siegel Bernard på The New York Times. Hackare gjorde av förra veckan med "namn, personnummer, födelsedagar, adresser, e-post och information om sysselsättning för så många som 80 miljoner människor," inklusive Blue Cross och Blue Shield-kunder.

 

TurboTax rullar tillbaka uppgradering avgift

 

TurboTax backa på en kontroversiell ändring som orsakat ett tumult bland kunderna i år, sade Laura Saunders på The Wall Street Journal. Intuit, utgivare av skatt-förberedelser programvaran, bad om ursäkt förra veckan efter att det underlåtit att avslöja en förändring av TurboTax's desktop och nedladdningsbara versioner som tvingas vissa användare – särskilt de som behövde schema C, D, E eller F former — uppdatera från Turbo-skatt Deluxe versioner som kostar så mycket som $30 mer.

 

När man ska vara en cheapskate

 

De säger att "du får vad du betalar för," sade Gerri Detweiler på Credit.com, men ibland "går den billiga vägen verkar vettigt." Medan jag inte skulle rekommendera brister på toalettpapper – "du verkligen vill ha tjockare och mjukare" — "finns det några fall där du kan betala mindre utan avkall på kvalitet.

 

Hur olyckor vandra Premier

 

Även en enkel fender bender kan kosta dig big bucks, säger Karen Damato på The Wall Street Journal. En ny studie som beställts av Bankrate fann att "en låg risk förare som skadar en person eller orsakar skada på egendom i en olycka kan se hennes försäkring bill hoppa mer än 40 procent.

 

Långivare erbjuder gratis FICO poäng

 

Flera långivare nu gör det lättare för dig att piska din kredit tillbaka i form, säger Michelle Singletary på The Washington Post. Kreditkortsutfärdarna inklusive JPMorgan Chase Bank of America, USAA, de statligt anställdas Credit Union, Ally finansiella och upptäck rullar sakta ut program att ge gratis FICO poäng till sina kunder.

 

Prata med dina barn om pengar

 

Sluta skydda dina barn från verkligheten i din lön, säger Ron Lieber på The New York Times. Det är inte ovanligt att föräldrar till "push våra barns pengar frågor åt sidan, ibland berätta för dem att deras frågor är oartigt" eller kanske skärmning dem "från ett ämne som många av oss tycker stressande eller förbryllande.

 

Se upp falska IRS samtal

 

En "oroväckande" antalet amerikaner riktas av en farlig skatt bluff, sade Brianna Ehley på den finanspolitiska gånger. Finansdepartementet säger nästan 300.000 människor i de senaste två åren har kontaktats via telefon av uppringare påstår sig vara ombud för IRS.

 

Fortsätt läsa…

 

Mer hjälp? Hass Associates Accounting ge dig information. Hass Associates Accounting var först göra affärer som skatt centrum och var sedan utvecklats till en redovisning industrin om om skatt förberedelse. År tänkte oss många saker, presenterade oss många människor och deras livssituationer.

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text 2014-02-16 07:08
Hass Associates Accounting: 10 Money-Saving Tax Tips

NEW YORK (The Street) -- In the middle of January, it's too cold to have much fun across most of the U.S., so you may as well shrug your shoulders and dig into your 2013 tax returns.

 

This year that means knowing some key changes in the Internal Revenue Service tax codes. Straight from the IRS, here are some of the most important changes for Main Street Americans this tax season:

 

Tax brackets: The so-called "Bush tax cuts" are off the board, and taxpayers are looking at seven new tax brackets -- at 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.

 

Standard deductions: Standard filing deductions rose to $12,200 for taxpayers married filing jointly; $8,950 for taxpayers filing as head of household; and $6,100 for single taxpayers.

 

New exemption levels: Congress has hiked the personal exemption amount to $3,900. 


 

Estate taxes: There's now an estate tax rate at 40%, along with an estate tax exemption of $5.25 million. 


 

Contributions to 401(k) plans: Workers can contribute up to $17,500 to their 401(k) plans. 


 

IRA plans: Americans saving for retirement can contribute $5,500 to their individual retirement plans, or $6,500 for Americans age 50 and over.

 

Mileage deductions: According to the IRS, mileage rates for business and medical rose to $0.565 and $0.24 respectively. Note the mileage rate for charity mileage still stands at $0.14.

 

While it's important to know and leverage these changes to the tax code, your tax planning shouldn't end there. There are many moves you can make to lower your tax burden; keeping more money in your pocket and giving less to Uncle Sam come April 15.

 

The California Society of CPAs offers help via another list, this one detailing some common-sense but oft-overlooked tax savings tips. Here's a glimpse of what the society is calling your "new year financial checklist."

 

Check This Out: Accounting Tips by Hass Associates Individual and Business Tax Preparation

 

Weigh the possibility of any alternative minimum tax. The society advises Americans to calculate any potential AMT tax burden.

 

"The AMT parallels the regular income tax," says the association. "However, different rates apply, as do different definitions, deductions, exemptions and credits." The IRS offers a Web page devoted to calculating your AMT obligations, if any.

 

Boost your 401(k) payments. As noted above, Americans can contribute more to their 401(k) plans this year, and that means opportunity for retirement savers.

 

The society says that even contributing an extra $200 per month for 25 years can boost your account by $190,000, assuming your investments return 8% per year. "You'll only see $150 less in each paycheck if you're in the 25% bracket," the society says. "Plus, you could get free money if your employer matches your contributions. For example, a 50-cent-per-dollar match is like getting an extra 50% return on your money."

 

Get your tax records organized now. The society says January is the best month to organize your financial documents, especially now that the final bills for 2013 have rolled in. That saves time when you need it most. "You wouldn't want to miss out on valuable deductions because you're scrambling around at the last minute," the group says.

 

This Content

Source: www.jeteye.com/jetpak/955a7230-9be6-4fac-a7c1-27b80a4f4bee
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text 2014-02-15 08:19
Hass Associates Accounting: 10 Money-Saving Tax Tips

10 Money-Saving Tax Tips to Tackle Right Now

 

NEW YORK (The Street) -- In the middle of January, it's too cold to have much fun across most of the U.S., so you may as well shrug your shoulders and dig into your 2013 tax returns.

 

This year that means knowing some key changes in the Internal Revenue Service tax codes. Straight from the IRS, here are some of the most important changes for Main Street Americans this tax season:

 

Tax brackets: The so-called "Bush tax cuts" are off the board, and taxpayers are looking at seven new tax brackets -- at 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.

 

Standard deductions: Standard filing deductions rose to $12,200 for taxpayers married filing jointly; $8,950 for taxpayers filing as head of household; and $6,100 for single taxpayers.

 

New exemption levels: Congress has hiked the personal exemption amount to $3,900. 


 

Estate taxes: There's now an estate tax rate at 40%, along with an estate tax exemption of $5.25 million. 


 

Contributions to 401(k) plans: Workers can contribute up to $17,500 to their 401(k) plans. 


 

IRA plans: Americans saving for retirement can contribute $5,500 to their individual retirement plans, or $6,500 for Americans age 50 and over.

 

Mileage deductions: According to the IRS, mileage rates for business and medical rose to $0.565 and $0.24 respectively. Note the mileage rate for charity mileage still stands at $0.14.

 

While it's important to know and leverage these changes to the tax code, your tax planning shouldn't end there. There are many moves you can make to lower your tax burden; keeping more money in your pocket and giving less to Uncle Sam come April 15.

 

The California Society of CPAs offers help via another list, this one detailing some common-sense but oft-overlooked tax savings tips. Here's a glimpse of what the society is calling your "new year financial checklist."

 

Weigh the possibility of any alternative minimum tax. The society advises Americans to calculate any potential AMT tax burden.

 

"The AMT parallels the regular income tax," says the association. "However, different rates apply, as do different definitions, deductions, exemptions and credits." The IRS offers a Web page devoted to calculating your AMT obligations, if any.

 

Boost your 401(k) payments. As noted above, Americans can contribute more to their 401(k) plans this year, and that means opportunity for retirement savers.

 

The society says that even contributing an extra $200 per month for 25 years can boost your account by $190,000, assuming your investments return 8% per year. "You'll only see $150 less in each paycheck if you're in the 25% bracket," the society says. "Plus, you could get free money if your employer matches your contributions. For example, a 50-cent-per-dollar match is like getting an extra 50% return on your money."

 

Get your tax records organized now. The society says January is the best month to organize your financial documents, especially now that the final bills for 2013 have rolled in. That saves time when you need it most. "You wouldn't want to miss out on valuable deductions because you're scrambling around at the last minute," the group says.

 

Accounting Tips by Hass Associates Individual and Business Tax Preparation

Source: www.thestreet.com/story/12238614/1/10-money-saving-tax-tips-to-tackle-right-now.html
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text 2014-02-14 11:13
Hass Associates Accounting: 9 Tax Tips that will save you Money

Offering tax tips is a bit of a growth industry these days, and we here at CBCNews.ca aren't about to fight the trend. So, we've gathered a few general tax-wise suggestions and sprinkled in some specific tips to produce the following list of actionable ideas that could pay big dividends.     

 

1. Consider making a $2,000 over-contribution to your RRSP.

 

Tax rules allow you to contribute up to $2,000 more than what you're eligible to contribute to your RRSP without attracting the usual excess contribution penalty, which is one per cent of the excess amount for every month of the contribution year that it stays in the RRSP.

 

Why might you want to do this?

 

Even though you can't deduct the $2,000 over-contribution, it could be residing inside your RRSP for many years, continuing to grow on a tax-deferred basis as long as it's in the plan. That $2,000 excess contribution can be deducted in a future year when your actual RRSP contribution is less than the maximum you're allowed to put in.

 

"Consider using your $2,000 over-contribution when you quit working," accounting firm Grant Thornton suggests in its tax planning guide. "The earned income you have in your final year of employment will entitle you to an RRSP deduction in the following year."

 

2. Proceed cautiously if a CRA auditor asks you to sign a waiver.

 

Under normal circumstances — in other words, no suggestion of outright fraud — the tax department has three years to carry out a reassessment of your tax return.

 

Sometimes, if the clock is ticking down on that 36-month deadline, a CRA auditor will ask you to sign a waiver to allow the agency to conduct its reassessment after the three years are up.

 

KPMG advises you to consider the request "carefully" and get professional advice. "You are under no obligation to file a waiver simply to make the auditor's life easier," it points out in its 2014 tax planning guide. "If the three-year reassessment period is about to expire, and the auditor does not have enough information to justify a reassessment, it may be to your advantage not to sign a waiver."

 

And if a waiver is signed? KPMG says a revocation (which would cancel the waiver in six months' time) should be filed at the same time the waiver is signed.  

 

3. Be sure to take advantage of all income-splitting and pension-sharing opportunities.

 

Taxpayers can apply to share their Canada Pension Plan (CPP) retirement income with their partners if both are 60 or over. While pension sharing is not considered to be the same as pension income splitting, CPP pension sharing accomplishes much the same thing — putting more income into the hands of the lower-income partner. You can find out more about CPP retirement pension sharing here [Follow Us]. The post-retirement CPP benefit, which was introduced in the 2012 tax year, is not eligible for pension sharing.

 

Those 65 and over can split several kinds of pension income, such as life annuity payments from a company pension plan, RRIF payments and annuity payments from an RRSP or deferred profit sharing plan. This is also possible for those under 65, when the spouse has died.

 

Income splitting can save thousands of dollars in tax as income is shifted from someone in a higher tax bracket to someone in a lower bracket. Sometimes, splitting can succeed in reducing or eliminating the claw back on Old Age Security payments or the age credit for the higher-income spouse.

 

Pension income splitting can also allow both partners to claim the $2,000 pension income tax credit. Tax software programs can be especially useful in suggesting income splitting scenarios.

 

Read here the rest 6 Tax Tips that will save you Money

Source: www.cbc.ca/news/business/taxes/9-tax-tips-that-will-save-you-money-1.1285452
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