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4 Ways to Protect Yourself During this Recession

4 Ways to Protect Yourself During this Recession What is a recession? A recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in Gross Domestic Product (GDP) in two successive...

Benefits of Understanding Financial Statements

Benefits of Understanding Financial Statements Understanding financial statements is something that many small business owners think is of less value. Many who run small businesses do not take the time to understand financial statements. But as you do, you miss out on...

Teaching Financial Literacy to your Children Prolongs your Legacy

Teaching Financial Literacy to your Children Prolongs your Legacy Teaching financial literacy to your children is the surest way of keeping your wealth beyond generations. Financial literacy for teens and the younger ones below ten is paramount in this dynamic world....

5 Ways You are Cheating on Your Taxes

5 Ways You are Cheating on Your Taxes Tax cheats are rampant across the country. Unscrupulous tax professionals make the situation worse because they advise their clients to take shortcuts and cheat the IRS. This is a dangerous practice because many people are getting...

Small Business Tax Tips: 5 Tax Write-Offs You Did Not Know About

Small Business Tax Tips: 5 Tax Write-Offs You Did Not Know About I shared a post on my Instagram page showing how much your income is taxed. If you, you will be shocked at just how much your money is taxed. It’s taxed several times as it passes through hands and...

6 Things to Use to Measure Your Financial Literacy

6 Things to Use to Measure Your Financial Literacy Financial literacy is a growing subject worldwide, and for a good reason. It is the panacea for poverty in previously sidelined communities. Gone are the days of waiting for reparations alone without the financial...

Virginia Enacts New Pass-Through Entity Tax Legislation: What does this mean?

Virginia Enacts New Pass-Through Entity Tax Legislation: What does this mean? How are pass-through entities taxed? A pass-through entity (PTE) is a status that a business chooses for tax purposes. Therefore, a business elects to be taxed as a PTE. However, not every...