Today’s Headlines: Auto Loans: The Next Bubble?

Today’s Headlines: Auto Loans: The Next Bubble?

Does Anybody See a Pattern?

The financial crisis of 2007-2008 was caused in no small part by a housing market full of questionable mortgages. Loan qu[......]

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Today’s Headlines: How Your Credit Affects Your Homeowner

Today’s Headlines: How Your Credit Affects Your Homeowner

The Wide Reach of Your Credit Report

Your credit report, which is a compilation of your credit-related activities, plays a huge part in all of your f[......]

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Achieve Financial Literacy!

Achieve Financial Literacy!

April is National Financial Literacy Month. Why do we dedicate this calendar page to highlighting financial skills and education? The tax deadline? So[......]

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Delinquent Auto Loans At 8-Year High

Delinquent Auto Loans At 8-Year High

If you are having trouble making your auto loan payments, recent data from the New York Federal Reserve suggests that you are not alone. According to[......]

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Today’s Headlines: Consumer Credit Growth Slows

Today’s Headlines: Consumer Credit Growth Slows

Slower Credit Growth for the New Year

Are you using more or less credit these days? If your habits track the latest data released by the Federal Rese[......]

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TAX DEDUCTIBLE MEDICAL EXPENSES

Whether you’re sure of an expense being deductible or not, it is always advised to keep your receipts carefully.

Today, we have a number of tax deductions available that reduce the amount we have to pay as our tax. One of these are medical expenses. Other tax deductions are certain educatio[……]

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WHAT IS A MULTI-STEP INCOME STATEMENT?

Every company maintains it’s income statement. It is basically a financial statement of the company, that documents the overall performance of the company in terms of profits and expenditure over a specific accounting period.

The income statement includes the financial performance of the company,[……]

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CHECKING ACCOUNTS AND BAD CREDIT

If not being able to get loans and credit cards wasn’t enough, a bad credit rating can even be a barrier when it comes to acquiring a checking account. A checking account is a necessity these days as you simply cannot keep all the cash you have, on you all the time. Unfortunately, banks see people w[……]

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INFORMATION ABOUT CLAIMING A CHILD ON TAX RETURN

Having kids can reduce some amount of tax one pays to the government. Such a tax is known as ‘Child Tax Credit’. It is one of the many ways of availing exemptions on tax returns. Many people are not aware of the fact that up to $1000 can be availed through child tax credit. The following paragraphs[……]

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ACCOUNTS RECEIVABLE AGING REPORT

The business world works on the basis of debtor-creditor transactions. Commercially speaking, this relation between the two businessmen is of utmost importance due to the fact that it helps businessmen source goods and services even when there is no availability of money. Let us take an example. ‘A’[……]

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EVOLUTION OF TAX STRUCTURE IN THE US

Federal, state, and local taxes in the United States have evolved in response to the changes that have occurred in the country. Over the years, successive governments have played a vital role in levying or abolishing different types of taxes, which have impacted every aspect of the country’s growth.[……]

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