Author: DKSCPA

Why Do You Owe Taxes in 2021?

Why Do You Owe Taxes in 2021?

Posted by | Apr 30, 2022 | |

You file your taxes like you are supposed to, on time, responsibly, and then find out you owe several hundred–or even thousand–of dollars to the government. You pay taxes off your paycheck during the year, so what’s going on? Why do you owe even more taxes? And how can you make sure you don’t owe money next year? These are common questions during tax season, and we are here to help you understand why you owe more money than you think you do and how you can make different choices to have a different outcome in the future. 1....

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Which is Smarter: To Rent or Buy My Home in 2022?

Which is Smarter: To Rent or Buy My Home in 2022?

Posted by | Mar 30, 2022 | , |

When it comes time to move into your own home, you have two main options: rent or buy. You may wonder which choice is the most financially responsible, and the truth is, there is no single, one-size-fits-all answer. While many advise that it is always better to own than to pay rent, there are some scenarios that make renting the better option. Ultimately, it comes down to your particular circumstances. Let’s go through some of the top reasons for renting and buying so you can get a better idea. Should I Rent or Buy? Reasons to Rent 1. No...

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4 Simple Strategies to Build Up Your Personal Savings Account

4 Simple Strategies to Build Up Your Personal Savings Account

Posted by | Feb 28, 2022 | |

Saving for retirement is a big part of financial planning, but building up a personal savings account you can use today is important, too. You never know when you’ll need extra funds–whether it’s for emergency home repair, if you lose your job, if your car dies and you suddenly need to buy a new one, or any other unplanned event comes up. Sometimes known as a fund for a “rainy day,” savings accounts are crucial in order to get through the various crises life can throw at you. In fact, experts recommend you have at least six months worth...

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5 Easy Ways to Raise Your Credit Score

5 Easy Ways to Raise Your Credit Score

Posted by | Jan 30, 2022 | |

Is one of your goals for the new year to raise your credit score? It’s important to have a healthy credit score so you can do things like get a loan or rent an apartment. Your credit score is like a financial report card and indicates how reliable you are with managing your money. If your credit score is lower than you’d like, there are definitely things you can do to improve it. Give it some time and some good strategic financial practices, and you’ll be sporting a credit score you can be proud of! 1. Keep Your Credit...

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3 Realistic Financial New Year’s Resolutions

3 Realistic Financial New Year’s Resolutions

Posted by | Dec 31, 2021 | , , , , |

As we enter the new year, it’s prime time for deciding (and sometimes publicly declaring) all kinds of New Year’s resolutions, including about finances. While deciding to make smart financial decisions and increase your financial health is important, New Year’s resolutions tend to be unrealistic or fizzle out because people take on too much. We have compiled a list of manageable and realistic financial New Year’s resolutions so you can be successful in achieving them! 1. Cut Small Amounts of Spending Declaring you will stop all eating out or unnecessary Amazon purchases is likely not a sustainable life choice–at...

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