MJBs Bookkeeping Solutions
Hope you enjoy our first edition of Money Matters Monthly Newsletter!
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Before You File Your Income Taxes….
1. Return has too many zeroes: Rounding numbers to the nearest dollar is okay, however, not to the nearest thousand, especially when itemizing deductions.
2. Forgot some income: For any miscellaneous income over $600 you received from one Employer/Client in the year, you should receive a Form 1099. If not, request it or simply report the income without the form.
Final installment of Easy Ways to Save Money
Use an HSA. If medical expenses are eating up your monthly budget, look into opening a health savings account (HSA).
Have a yard sale. This takes time, but it’s really worth the trouble once you clear your house of clutter and have extra cash in your pocket.
Go on a “fiscal fast.” Don’t spend any money for a week. You will save far more than just $100.
6) Skip the bars this weekend. Going out can get very expensive, instead of spending the money, pick a Friday or Saturday night to stay in, order take out and have some friends over, each bringing along their favorite refreshment.