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TAX PLANNING

Tax Planning Strategies to Mitigate Your Risk for Higher Taxes in 2013

By The BIDaWIZ Team on September 7th, 2012 at 4:00 pm
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The jury is still out on whether or not the bush-era tax cuts will be extended into 2013. However, there are certain new taxes that will definitely impact high income earners next year: the 3.8% net investment income tax and the additional 0.9% medicare tax. What strategies can you follow to escape these new taxes? Read More.

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TAX SAVINGS

Which Divorced Parent Can Claim The Child Care Expenses?

By The BIDaWIZ Team on September 7th, 2012 at 2:00 pm

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Parents going through a divorce usually fight over more than just the assets that the family holds. They also argue over who can claim the children as dependents on their tax returns, among other child care related expenses. .
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TAX SAVINGS

What Happens If I Suffer a Casualty Loss or Theft During the Year?

By The BIDaWIZ Team on September 6th, 2012 at 11:00 pm

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The extreme weather that impacted much of the deep south last week, should be a reminder to all of the tax consequences for suffering a casualty loss or theft during the year. If you're one of the unlucky ones, find out what you need to know to reduce your tax liability. .
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TAX PLANNING

What Qualifies as a 529 Expense?

By The BIDaWIZ Team on September 5th, 2012 at 7:00 pm
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Parents that are planning to send their children to college with the funds in their 529 plan account, may want to spend extra time understanding the rules for qualified expenses. There are certain college costs that are clearly qualified, while others are somewhat up to interpretation. Read More.

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TAX PLANNING

Which Retirement Account Should I Withdraw From First?

By The BIDaWIZ Team on August 31st, 2012 at 12:45 pm

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Normal retirement age for most people is 65, give or take a year or two. As you start to approach that age or are already there, it's important to develop a strategy for which retirement accounts you will be withdrawing funds from first. .
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MORTGAGES

Jumbo Mortgages Are Back in Style

By The BIDaWIZ Team on August 31st, 2012 at 10:00 am
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Several major mortgage lenders have reported a significant increase in the number of jumbo loans they are issuing. According to new data compiled in Inside Mortgage Finance, lenders issued more than $38 billion in jumbo loans in the second quarter (June 2012) as compared to $17 billion in the same quarter a year ago. This is quite a change and a return to levels experienced in the early part of 2008, near the beginning of the recession. Read More.

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FINANCIAL ADVICE

Key Tactics When Negotiating With a Vendor or Partner

By The BIDaWIZ Team on August 30th, 2012 at 11:00 pm

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Whether you're negotiating a new vendor agreement, raising capital, or selling your business, there are certain steps that you should follow. .
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MARKETING

What Can I Do To Get More Press For My Business?

By The BIDaWIZ Team on August 30th, 2012 at 5:00 pm

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Getting the press your company deserves comes down to building relationships with writers and having a compelling product or service. Here are three main methods for generating traction without breaking the bank. .
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PERSONAL FINANCE

Are Your Heirs Liable For Student Loan Debt?

By The BIDaWIZ Team on August 29th, 2012 at 4:30 pm

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Many parents and grandparents have agreed to take on or cosign their children's student loans because of the rising cost of tuition coupled with a struggling economy. If the borrower passes away, are these debts then transferred to the borrower's heirs and cosigners? .
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BUDGETING

What Happens To My Frequent Flier Miles When I Pass Away?

By The BIDaWIZ Team on August 28th, 2012 at 10:30 pm

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When we think about estate planning, what usually comes to mind is transferring your home, investments, and life insurance policies to your beneficiaries. However, most people have valuable positions that include many other smaller ticket items. What happens to the thousands of frequent flier miles that you've accumulated over the years when you are longer around? .
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