5 Tax Mistakes Business Owners Make
February 1, 2012 – 2:14 pm | Add A Comment

Part of putting together an effective tax management strategy is gaining an understanding of what you can and cannot deduct from your tax return.   I see business owners that make mistakes every single day.  Every …

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Articles by Oxygen Financial

My College Is Worse Than The Kids Knocking On The Door
February 3, 2012 – 10:29 am | One Comment
My College Is Worse Than The Kids Knocking On The Door

I used to fear the Girl Scouts during cookie season either knocking on my door or approaching me outside of the local supermarket targeting my goodwill to buy some of those delicious thin mint cookies.   …

5 Tax Mistakes Business Owners Make
February 1, 2012 – 2:14 pm | No Comment
5 Tax Mistakes Business Owners Make

Part of putting together an effective tax management strategy is gaining an understanding of what you can and cannot deduct from your tax return.   I see business owners that make mistakes every single day.  Every …

Your Taxes Will Go Up If Earn Less Than $250,000
January 30, 2012 – 6:29 pm | 5 Comments
Your Taxes Will Go Up If Earn Less Than $250,000

I watched the second half of the State of the Union last week.   Needless to say that after listening to the program and then all of the commentary after, it confirmed in my head how …

How Business Credit Cards Affect Your Personal Credit
January 25, 2012 – 11:25 am | No Comment
How Business Credit Cards Affect Your Personal Credit

Forming a new LLC, S-Corp, or C-Corp can be intimidating. Not only will you have to navigate the fees, taxes, and filing requirements, but also learn how to build credit history from scratch for this …

The Words We Don’t Want To Hear: “You May Need To Save More”
January 23, 2012 – 11:53 am | No Comment
The Words We Don’t Want To Hear: “You May Need To Save More”

I really think over the next five years the whole notion of retirement planning is going to change.   The X and Y generation don’t think about retirement the way their parents or grandparents did.   Since …

It’s Saturday Night And There Is No Recession
January 19, 2012 – 2:13 pm | No Comment
It’s Saturday Night And There Is No Recession

My wife and I decided we would go out for dinner this past Saturday night.   She’s always telling me that you’ve got to make a reservation on Saturday night because things get busy and we’ll …

Suze Orman’s New Prepaid Debit Card – Is it really a good thing for consumers?
January 17, 2012 – 12:28 pm | 8 Comments
Suze Orman’s New Prepaid Debit Card – Is it really a good thing for consumers?

It’s official.   Suze Orman is now in the game of selling financial products to consumers.    This past week she launched her new card called “The Approved Card” which is supposed to be a low cost …

Your Kid Has An I-Phone. . Who Pays The Data Plan?
January 13, 2012 – 1:03 pm | No Comment
Your Kid Has An I-Phone. . Who Pays The Data Plan?

I’m pretty sure Apple can’t be hurting even though Steve Jobs is not at the helm anymore.   My kid’s went back to school last week and mentioned to meet the glut of Apple products that …

How Much Should I Leave For A Tip?
January 11, 2012 – 12:40 pm | One Comment
How Much Should I Leave For A Tip?

Even though I have workaholic issues, I did manage to do a few fun things with my family over the holidays.   We caught some movies, saw an Atlanta Hawks basketball game, went to the Peach …

Should You Sell Your Business Now?
January 9, 2012 – 11:32 am | No Comment
Should You Sell Your Business Now?

If you have owned a business for a long period of time and were considering selling, 2012 may be year for you find a buyer to take over your shop.   The Presidential election and many …

When Are Companies Going To Learn To Just Shoot Straight?
January 6, 2012 – 1:23 pm | No Comment
When Are Companies Going To Learn To Just Shoot Straight?

I’m excited that 2012 is here and consumers are starting to realize that they can win the money battle when they know something is just flat out wrong with a new offering from their provider.    …

Should I Refinance My Mortgage?
January 4, 2012 – 11:34 am | One Comment
Should I Refinance My Mortgage?

These past couple of years many clients have asked about whether or not they should refinance their mortgage.    Along with people who have never refinanced, those that did even 18 months ago may be licking …

FIVE Great Financial New Year’s Resolutions
January 2, 2012 – 11:58 am | No Comment
FIVE Great Financial New Year’s Resolutions

1). Start A Holiday Savings Account!  Now that the official New Year has begun, set up an automatic savings plan from your pay stub or an automatic transfer from your checking account into a separate …

THE HARD TRUTH ABOUT INCOME TAXES
January 1, 2012 – 1:11 pm | One Comment
THE HARD TRUTH ABOUT INCOME TAXES

People think the whole income tax debate is political.  With the debt we’ve racked up as a country, it’s now become a financial issue.   Watch the hard truth on why you better start paying attention …

What Tax Deductions Can I Take For Using My Car?
December 30, 2011 – 11:50 am | One Comment
What Tax Deductions Can I Take For Using My Car?

As the tax year ends and you scramble to pull together your year end tax deductions, people often ask us whether they can get  a deduction for using their automobile.  It’s important to understand these …

What will you do with 2% more in your paycheck?
December 28, 2011 – 1:03 pm | No Comment
What will you do with 2% more in your paycheck?

If Santa Clause didn’t come down your chimney with anything good this year, Congress has decided to give you a stocking stuffer for the New Year.   With nearly 160 million workers that will benefit from …

Top 5 Things To Do With Your Gift Cards
December 26, 2011 – 10:45 am | One Comment
Top 5 Things To Do With Your Gift Cards

Another holiday season has passed and isn’t it ironic that many us walked away with a little loot and lot of gift cards. I guess if you don’t know what to get anymore, you’d rather …

Be a Tax Pro! Part II: 5 MORE ways to cut your 2011 personal income taxes
December 21, 2011 – 12:47 pm | One Comment
Be a Tax Pro!  Part II:  5 MORE ways to cut your 2011 personal income taxes

Here are 5 MORE ways to cut your 2011 personal income taxes like a tax pro:

1. Homeowners – accelerate your tax deductible expenses.  Pay your January 2012 mortgage payment and property taxes …

Be a Tax Pro! 5 ways to cut your 2011 personal income taxes
December 19, 2011 – 2:26 pm | One Comment
Be a Tax Pro! 5 ways to cut your 2011 personal income taxes

Here are 5 ways to cut your 2011 personal income taxes like a tax pro:
1. Review your 2011 securities sales for gains and losses – Review your capital gains and losses for the year. If …

Charitable deductions – Are these meant for donations inside our country or outside of our country?
December 16, 2011 – 10:52 am | 2 Comments
Charitable deductions – Are these meant for donations inside our country or outside of our country?

I happened to be watching 60 minutes the other evening with another interview with President Obama.   After the interview, they did a short piece on Howard Buffett who is slated to take over as Chairman …

Top 10 Movies About Making Money
December 15, 2011 – 10:46 am | One Comment
Top 10 Movies About Making Money

It’s holiday time, so you might get a chance to relax and get caught up by watching a movie or two over the holidays.    Here is my list of the top 10 movies about money …

Black Friday, Cyber Monday, and Hangover January
December 9, 2011 – 10:34 am | No Comment
Black Friday, Cyber Monday, and Hangover January

It’s official.    Everyone in America has decided we should be just like the Federal Government.    Get up and keeping adding more zeros to your debt because it just doesn’t matter.   Remember that movie many years …

Student Loans: Use Your Cash Or Take The Loan?
December 7, 2011 – 12:26 pm | No Comment
Student Loans: Use Your Cash Or Take The Loan?

At Your Smart Money Moves, we get questions that we get from clients, through the website, or others that I see on the internet.   Here is a great one I recently came across around student …

3 Simple Ways To Live The Frugal Life
December 5, 2011 – 12:18 pm | No Comment
3 Simple Ways To Live The Frugal Life

These past few years we have seen a high level of unemployment, countless numbers of foreclosures, and many American citizens hitting hard times.  While many people are learning how to make ends meet, there can …

When Your 401(k) Makes A Change On You
December 2, 2011 – 10:06 am | No Comment
When Your 401(k) Makes A Change On You

In the past year, many of our clients have seen changes made to their 401(k) plan.   These changes may happen from two separate businesses merging, your employer trying to save costs, or simply a change …

5 Tips To A Successful Garage Sale
November 30, 2011 – 12:48 pm | No Comment
5 Tips To A Successful Garage Sale

If you need some extra cash, one thing to consider during the holiday season (don’t wait til’ it warms up) is to have a year end garage sale.   Garage sales can be really profitable or …

Personal Finance 101: Generation X Series – Marriage And Medical Insurance
November 28, 2011 – 10:15 am | One Comment
Personal Finance 101: Generation X Series – Marriage And Medical Insurance

Generation X is classically defined at people born between the years 1965 and 1979.    Pretty much those of you in your early 30’s to the mid 40’s.  However, having given personal financial advice to thousands …

Not Even Thanksgiving Is Sacred?
November 25, 2011 – 9:14 am | No Comment
Not Even Thanksgiving Is Sacred?

How bad are things going in the economy today? Well, nobody knows for certain amidst fears in the United States and internationally around the stability of the dollar in many countries. Thanksgiving is supposed to …

Your Limited Liability Company (LLC) – should you choose to be taxed as an S-Corporation?
November 22, 2011 – 9:17 am | One Comment
Your Limited Liability Company (LLC) – should you choose to be taxed as an S-Corporation?

One of the more recent trends in the practice of CPAs structuring entities is the idea of forming a limited liability company (LLC) under state law and then making an election under Federal tax rules …

5 year-end tax strategies for your small business
November 21, 2011 – 12:29 pm | No Comment
5 year-end tax strategies for your small business

It’s that time of year to start thinking about your 2011 taxes and what moves you might be able to make to save in taxes!
Here are 5 ways to cut your 2011 business taxes:
1. Equipment …

5 Ways To Save Money On Thanksgiving Dinner
November 18, 2011 – 10:07 am | No Comment
5 Ways To Save Money On Thanksgiving Dinner

According to a report from the American Farm Bureau Federation, you’ll spend 13% more on Thanksgiving groceries than you did in 2010. The report also mentions how the average cost for a Thanksgiving dinner to …

A Short Sale Can Be the Answer You Are Searching For
November 16, 2011 – 11:50 am | No Comment
A Short Sale Can Be the Answer You Are Searching For

If you choose to do nothing when effort is required, expect gravity to pull you under.  ~ Rhonda Duffy
When you have a predicament that has come upon you either by your choice or not, you …

Personal Finance 101: Generation X Series – What Kind Of Term Insurance To Buy?
November 14, 2011 – 3:18 pm | No Comment
Personal Finance 101: Generation X Series – What Kind Of Term Insurance To Buy?

Generation X is classically defined at people born between the years 1965 and 1979.    Pretty much those of you in your early 30’s to the mid 40’s.  However, having given personal financial advice to thousands …

Don’t Get Tricked On Black Friday
November 11, 2011 – 11:30 am | No Comment
Don’t Get Tricked On Black Friday

After the turkey, the football, and the one awkward conversation with your cousin that happened to get stuck at the card table with you at the end of the big Thanksgiving table comes the second …

Are Layaway Plans A Good Idea?
November 9, 2011 – 8:25 am | No Comment
Are Layaway Plans A Good Idea?

Over the past 15 years, we have seen countless numbers of people put themselves in real financial trouble by using credit cards to charge items that they really couldn’t afford at the time they bought …

Personal Finance 101: Generation X Series – Three Simple Steps To Managing Your 401K
November 8, 2011 – 9:50 am | No Comment
Personal Finance 101: Generation X Series – Three Simple Steps To Managing Your 401K

Generation X is classically defined at people born between the years 1965 and 1979. Pretty much those of you in your early 30’s to the mid 40’s. However, having given personal financial advice to thousands …