Money Clips

Whether you work for a large company or small, business expenses are deductible.  They are deductible if you save your receipts and they are business related.  This includes auto expenses, meals, computer and equipment purchases, skill based training.  Most people get so busy with the day to day that they don’t save their receipts.  Get a box and put it somewhere relatively easy to access.  When you get a receipt rather than toss it put it in the box.  You will be surprised how much this will save you over the long run.

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

Most employers offer 401K plans to their employee’s.  Some match funds.  These are great way to lower your taxes.  You are basically not taxed at all on the money you contribute to your companies plan.  And, some of them give you extra money in these plans toward your retirement.  This is as close to free money as you will get.  Even though this is a fantastic investment, many employee’s do not take advantage of their companies plans.  Don’t be one of those.  Contribute early, contribute young.  You will be able to retire comfortably and you will be earning your money towards retirement vs giving it annually to the government in the form of raised taxes.

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

You don’t want to pay an IRS penalty on top of all the taxes you already pay and you don’t want to get yourself identified as someone who they need to watch.  Stay under the radar and follow their procedures to the tee.  So, if you can’t make the deadline for some reason, file a deferral.  Actually, if you owe money filing a deferral may work to your advantage anyway.  If the question is pay now vs. pay later, always opt to pay later.  Bottom line on this one – follow the rules and pay on time.

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

Many of us like getting money back at the end of the year, so when we fill out our W4 form at our employer’s office, we chose a number of deductions that is higher than necessary.  What then happens is that every month money is taken out of your paycheck that should go to you.  Then at the end of the year, you get your money back.  But, over the entire, the government has been earning interest on your money rather than you.  It is always better to owe just a bit of money at the end of the year.  That means that over the entire year, you have been getting the benefit of your money. 

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

Most large companies and many small companies make available to their employee’s heathcare and childcare spending accounts that are all pre-tax money.  Take advantage of this.  It’s like paying 1/3 less for all the services you use. 

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

For those of you filing the long form, make sure you are taking appropriate tax credits; energy efficient, children, previous years state taxes, donations, stocks losses, ad valorum on you car, previous years tax refunds.  For $18.95 you can purchase - J.K. Lasser's 1001 Deductions and Tax Breaks 2010: Your Complete Guide to Everything Deductible.  There is also an idiots guide to Tax Deductions.  I’m guessing a good google of tax deductions will give you some web sites – I’ll try to post these later.

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

Many of us pay money for someone to do our taxes.  Granted doing taxes is not a fun task.  But if you are taking the standard deduction and submitting the IRS easy form, then you really don’t need someone to do it for you.  It’s also good to become familiar with what deductions are available so that you will know when you would need to go to a professional.  My advice – if you are doing the easy form with standard deductions – file solo.  If you have a complicated return, use a professional.

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

For homeowners, file appropriate paperwork with county to reevaluate your properties value, you may save lots in property taxes.  With the real estate market having lost value over the last few years, your house may have too.  However, the county may not have automatically lowered your tax rate.  You will probably need to contact your county and have them reappraise your house so that you will be able to save on property tax.

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

1) Always purchase the cheapest gas.

2) Fill up your tank in the morning when it’s cold. You’ll get more for your money.

3) Plan on keeping your car forever and take care of it.

4) When you bring it in for servicing, ask them to wash it – many will do this gratis.

5) Be sure to always tighten your gas cap. Gas can evaporate and cost you money.

6) Don’t carry extra stuff in your car. The heavier it is the more gas it takes.

7) Combine errands so that you are driving less.

8) If you have teenagers, designate the teenager as the primary driver of your oldest car.

9) Buy your tires at discount chains but check the side of the tire for the year they were made.

10) Buy a used car.

11) Don’t waste time and money warming up your car.

12) Don't start and stop engine needlessly.

13) Don’t “rev” your engine.

14) Keep windows closed when traveling at highway speeds.

15) Drive Steady.

16) The light turns green, don’t gun it!

17) Don’t overfill your tank

18) Try to hit the green lights

19) Don’t take the scenic route

20) Accelerate into hills

21) Park to Avoid Reverse

22) Keep your tires inflated

23) Carpool

24) Change your air filter

25) Use the Right type of Oil and Keep it Clean

26) Don’t Drive With Icicles on Car

27) Don’t Drive with Snow Tires All Year Round

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010

The deeper your tread the more your car has to work so unless you’re expecting snow, keep the snow tires in the garage.

Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.

If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.

Crazy 4 Money Clips

Crazy Bill Wilson Copyright 2010