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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.    Large companies need to begin to realize that the consumer today is evolving.   They don’t mind paying a fair price for a good product or service.  Sometimes they will even pay a premium if the value is created for them.   However, what they won’t put up with anymore are these made up fees that are broadly titled like they are doing something good for the consumer when in reality it is just another tack on fee to add to the bottom line.    All companies need to understand that the consumer can handle that prices will go up.   They just want to know what it is without any gimmicks or tricks in a straight forward way.   Instead, we keep getting these insulting fees added to bills ...

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Do You Pay Your Taxes By Credit Card?

Some business owners or people who pay estimated tax payments end up paying their federal income taxes with a credit card. If you pay your income tax (including estimated tax payments) by credit or debit card, you can deduct the convenience fee you are charged by the card processor to pay using your credit or debit card. The deduction is claimed for the year in which the fee was charged to your card as a miscellaneous itemized deduction on line 23 of Schedule A (Form 1040) (and is subject to the 2% of the adjusted gross income floor). (Source: www.irs.gov) However, I always suggest that you look at what it net to you and don’t necessarily let the tax tail wag the dog. The deduction of those fees may sound great, but you really need to analyze what the cost of the convenience fee is relative to the rewards points/frequent flier miles you are earning by using the credit card ...

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