Author: DKSCPA

How to Fix Scary Financial Mistakes

How to Fix Scary Financial Mistakes

Posted by | Oct 31, 2024 | , , |

When it comes to money, many people are haunted by bad decisions that lead to long-lasting consequences. Financial mistakes can feel like nightmares, leaving you stressed and overwhelmed. However, with some knowledge and careful planning, even the most frightening financial missteps can be corrected. Below are some common scary financial mistakes and advice on how to fix them.   Scary Financial Mistakes and How to Fix Them   1. Ignoring or Avoiding Debt   Debt is often the ghost looming over our financial health. Many people make the mistake of ignoring their debt, hoping it will go away, or...

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Maximizing Your Tax Benefits Before Year-End in New York

Maximizing Your Tax Benefits Before Year-End in New York

Posted by | Sep 27, 2024 | , |

As the end of the year approaches, it’s an ideal time to review your financial situation and explore strategies to maximize your tax benefits. For New York residents, this process involves both federal and state considerations. Here’s a guide to help you make the most of your tax benefits before the calendar turns. 1. Accelerate Deductions and Expenses One effective way to reduce your taxable income is to accelerate deductions and expenses. For instance, if you’re able to prepay deductible expenses such as property taxes, medical bills, or charitable donations before December 31, you can claim them for the...

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Financial Planning for Freelancers: A Simple Guide

Financial Planning for Freelancers: A Simple Guide

Posted by | Aug 26, 2024 | , , |

Freelancing is a fantastic way to be your own boss and enjoy flexibility in your work, and with a difficult job market, it’s becoming a more popular career option. There are many benefits to working freelance, and there are some challenges, too. One of those challenges is managing your finances. Without an employer providing you with benefits and removing taxes from your paycheck, you are going to have to give yourself those things. Additionally, your monthly pay may not be steady the way it is in a traditional job setting. You can absolutely have financial success as a freelancer,...

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6 Easy Ways to Manage Your Household Finances

6 Easy Ways to Manage Your Household Finances

Posted by | Jul 29, 2024 | , , |

Running a household involves wearing many hats, and one of those hats is that of a financial manager. It costs money to run a home, and that money can disappear quickly in areas where it isn’t most needed if it isn’t managed properly. Managing household finances can seem daunting, but with the right strategies and tools, you can take control of the situation and achieve your financial goals. Whether you’re a seasoned pro or just starting out, these simple steps will help you manage your household finances effectively. Simple Steps to Effectively Manage Your Household Finances  1. Set Financial...

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3 Important Questions to Ask Before You Pay Off Debt

3 Important Questions to Ask Before You Pay Off Debt

Posted by | Jun 27, 2024 | , |

Debt is often a part of life. While living without debt sounds ideal, most people do pick up debt of one sort or another over time, especially as the cost of living has gotten astronomically expensive. If you do find yourself in debt, you’re going to want to address it, especially if it comes with interest. The higher the interest rate, the more money you will owe as you pay back your debt. Here are a few questions to ask yourself in order to pay off debt in the smartest way possible. Questions to Ask Before Paying Off Debt...

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