Starting 2019 Off Right: Planning for 2019 Taxes
It is important at the end of the year to start thinking about next year’s tax situation. While it is likely too late in the year to fix any issues you had in 2018 with your withholding or estimated tax payments; but it is never too early to get your situation fixed going into 2019. […]
Mortgages in Bankruptcy: How Secured Debt is Handled in a Bankruptcy
Mortgages in bankruptcy can be discharged, but the lien remains absent specific circumstances When considering bankruptcy, many people ask to leave their mortgage out of the bankruptcy. This is not possible; you must include all your debts. However, a mortgage is treated differently than your credit cards or personal loans, it is secured against property. […]
Small Business Video #2 – EIN
Take a look at the second video in our video series about setting up your new business. Your Employment Identification Number (EIN) is an important part of your business. It is your business’s social security number. You will use this EIN with the Internal Revenue Service, banking institutions, and may other entities. It is […]
Top 4 Reasons Not to Ignore Tax Debt
Tax Debt: A Debt Not to Ignore Owing taxes may not seem like a big deal. Tax debt is not immediately reported on your credit and the IRS seems to only send collection letters. While it is true, the Internal Revenue Service (IRS) is not usually aggressive the first year you owe traditional income taxes, […]
Small Business Video #1 – Choosing the Right Name and Business Structure
Take a look at the first video in our video series about setting up your new business. It is important to set up your business properly; your business structure will dictate what protections you do or do not have. There can be legal and tax consequences to the way you start your business. It […]
How to Stop Garnishments: Guide to End Creditors Collection Efforts
Garnishments are just one way that a creditor can try to collect on a judgment. If you are facing a garnishment, you should understand your options. Understanding how to stop garnishments can save you time and money. At the end of the day, bankruptcy is the most common way most people stop garnishments. Garnishments are […]
Tax Consequences of Divorce
If you are considering getting divorced, you must speak with a divorce attorney immediately. There may be potential tax consequences of divorce. During what could be the most trying part of one’s life, it may be hard to think about how getting a divorce can affect your taxes. There are many things that a person […]
Business Legalities: Proper Hiring Practices For Your Company
Every business, both small and large, needs to have good hiring practices in place. Proper hiring practices can help save you significant time and money down the road. There are many things that go into running a successful business; one of those things is making sure you are crossing your Ts and dotting your Is […]
Keeping Assets in a Chapter 7: Understanding Virginia Bankruptcy Exemptions
Virginia Bankruptcy Exemptions are the laws that allow you to keep assets in a Chapter 7 The most common type of bankruptcy is a Chapter 7 bankruptcy, aka a liquidation bankruptcy. The process usually takes approximately three to four months for a standard case. During this process you file a petition that provides information about […]
Top Dos and Don’ts for Bankruptcy
Top Dos and Don’ts for Bankruptcy Having financial problems? Think bankruptcy may be an option for you? To help ensure you keep your options open and available, understand there are things you should or shouldn’t do. In many cases, if you take certain action, such as transferring a house into the name of a family […]