We do not normally recommend early withdrawals from retirement accounts but we understand these are not “normal” times. Many families are struggling with loss of income and left with the dilemma of how to cover their day to day living expenses. That’s why we wanted to share this information. In a recent press release, The [...]
Some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks — a cash grab lawmakers want to halt! The stimulus payments belong to the recipients NOT the organizations providing the care. Lawmakers, the Federal Trade Commission, patients and their families brought forth complaints that nursing homes and other businesses were [...]
To start your business you should know these things: 1) Alabama Tax Registration Before starting your small business in Alabama, you must acquire the necessary identification numbers, licenses or permits for tax registration. Common forms of tax for most businesses will include sales and use tax, unemployment tax and income tax withholding. However, the list of [...]
There were many people who accidentally threw away their stimulus payment because they thought it was junk mail. Others suspected possible scams and assumed the cards were "fake". The Internal Revenue Service has made the decision NOT to charge for replacing those cards. There are more than 4 million people who didn’t have direct deposit [...]
Financial stress, whether it’s the result of redundancy, debt, unexpected expenses or savings gaps, is a problem. Financial wellness is important. It gives you security, enables you to buy the items you need (and other things that you want). What you might not realize, though, is that it’s also crucial for your overall health. Now, [...]
Researchers have long known that money worries contribute to health worries. Ongoing stress about money has been linked to migraines, heart disease, diabetes, sleep problems, and more. Left untreated, these conditions can lead to life-threatening illnesses, which can plunge you even further into debt. According to the American Psychological Association (APA), money is the top [...]
Thousands of people are finding themselves locked in their homes, streaming Netflix, looking up new or long-time unused recipes, planning and cooking meals (some haven’t done that in years), organizing closets, video chatting with friends and sharing jokes on Facebook about the Corona Virus. What if we took that time to do some things that [...]
Everyone is anxiously awaiting their $1200 stimulus payments. But some folks may be in jeopardy of NOT receiving their money. Sometimes, when consumers have seriously delinquent debt, funds can be swooped from private parties (collection agencies) and in some cases can be seized by the federal government. Private collectors can garnish portions of wages. Also, [...]
This new tool provided by the U.S. Treasury Department and the IRS will serve several important functions: If you have not received your stimulus payment yet, it allows you to check the status of yours, so you'll know approximately when it will reach your bank account or be mailed. If you filed tax returns in [...]