Money Matters

Get legal advice on how to take control of your personal finances, whether you're tackling student loans, medical bills, taxes, or bankruptcy.

7 money-saving tips for recession and inflation
While you cannot control an oncoming recession and inflation, it's important to know how to prepare. Here are some tips to help you start saving for your emergency fund.
July 28, 2023 · 12 min read
Should you pay taxes online with a credit card?
You can pay taxes with a credit card. But should you? In some situations, paying your taxes with a credit card could be a good option if you understand the costs involved.
April 14, 2023 · 3 min read
Net working capital formula
A simple formula allows your business to calculate net working capital, a key measure of short-term financial health.
April 14, 2023 · 3 min read
What is a trial balance?
While a trial balance is not a financial statement, this internal report is a useful tool for business owners. It lists all of the account balances in the general ledger. It is also used at audit time to see the impact of proposed audit adjustments.
April 14, 2023 · 2 min read
What is straight line depreciation?
How do you calculate straight line depreciation? What are the pros and cons of straight line depreciation versus accelerated depreciation methods? Here's how you can decide if straight line depreciation is right for your business.
April 14, 2023 · 3 min read
How to make a cash flow statement
In a perfect world, you'd always have more money flowing into your business than flowing out. But many businesses face cash shortages from time to time. That's when knowing how to make a cash flow statement comes in handy.
April 14, 2023 · 4 min read
What to do if your business is audited
Help! Your business is under audit. The word 'audit' tends to trigger panic among business owners but be prepared and stay calm. It's likely not as bad as you think.
April 13, 2023 · 3 min read
What's the difference between tax fraud and negligence?
Mistakes are a fact of life, even mistakes on taxes. The line between careless mistakes and tax evasion or tax fraud is sometimes blurry, but it's a line you don't want to cross. When does a mistake become tax fraud in the eyes of the IRS?
April 13, 2023 · 3 min read
Does your business need tax preparation services?
You may not think it's hard to prepare and file your tax returns yourself. But you may be missing opportunities. Small business owners can save time, money, and potential legal problems by engaging a professional.
April 13, 2023 · 3 min read
What is MACRS depreciation?
Most long-term assets you use in your business must be depreciated using the MACRS depreciation method—at least on your tax return.
April 11, 2023 · 4 min read

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