Craig Carter & Associates

08/15/2023

You may have seen advertisements touting the creation of a revocable living trust as a good way to avoid probate. And for some people it is. However, it may not be appropriate for everyone or for every situation.

You may have seen advertisements touting the creation of a revocable living trust as a good way to avoid probate. And for some people it is. However, it may not be appropriate for everyone or for every situation.

08/09/2023

Pricing products or services to maximize profits is a challenge -- often part art and part science. To do so effectively requires research, an understanding of your market, and an intuitive feel for what will work. Getting it right, however, is critical if your business is to be profitable. There are several important issues that you must factor into any decisions you make on setting prices for your goods or services.

Pricing products or services to maximize profits is a challenge -- often part art and part science. To do so effectively requires research, an understanding of your market, and an intuitive feel for what will work. Getting it right, however, is critical if your business is to be profitable. There ar...

07/28/2023

QuickBooks Online is more flexible than you may think. Here are numerous settings that will enhance the way you use the site.

Improve Your QuickBooks Online Experience: Explore Its Settings

07/18/2023

A SIMPLE IRA is an option for small business owners who do not currently have a retirement plan in place but would like to have one. This particular type of retirement plan has several attractive features that deliver significant benefits to both employers and their employees.

A SIMPLE IRA is an option for small business owners who do not currently have a retirement plan in place but would like to have one. This particular type of retirement plan has several attractive features that deliver significant benefits to both employers and their employees.

07/12/2023

As a business owner, you should familiarize yourself with your federal, state, and local tax requirements. Understanding what your obligations are will assist you in filing returns and paying taxes accurately and on time. Whatever taxes you are required to pay, you have to be very aware that there are deadlines for remitting them and any delays on your part could result in penalties. Here are some tips that can help you avoid tax trouble with the IRS.

As a business owner, you should familiarize yourself with your federal, state, and local tax requirements. Understanding what your obligations are will assist you in filing returns and paying taxes accurately and on time. Whatever taxes you are required to pay, you have to be very aware that there a...

07/06/2023

Remote Workers and Data Security - Is Your Business at Risk?
Watch Our Video and Contact Us for a Consultation Today – https://smpl.is/77rm0

06/28/2023

Why You Should be Tracking Business Mileage
If you are not tracking business mileage you could be missing out on tax deductions. Watch Our Video and Contact Us for a Consultation Today –https://www.craigcarterassociates.com/consultation.htm

06/21/2023

As plan sponsors are well aware, the pension law (ERISA) includes specific reporting and disclosure obligations with respect to qualified retirement plans. A lesser known fact is that ERISA also has specific requirements regarding the retention of plan records. Below we answer questions you and other plan sponsors may have about retaining records and the importance of a record retention policy.

As plan sponsors are well aware, the pension law (ERISA) includes specific reporting and disclosure obligations with respect to qualified retirement plans. A lesser known fact is that ERISA also has specific requirements regarding the retention of plan records. Below we answer questions you and othe...

06/14/2023

You may be one of the many people who provides some care for an elderly parent. The care may range from a simple daily check-in to more complex daily assistance with the basics of living. The stress involved in taking care of one or more parents can be significant. It can also impose a financial burden. Fortunately, there are various tax breaks that may help reduce the financial strain. What follows is an explanation of those tax breaks and who can potentially qualify for them.

You may be one of the many people who provides some care for an elderly parent. The care may range from a simple daily check-in to more complex daily assistance with the basics of living. The stress involved in taking care of one or more parents can be significant. It can also impose a financial bur...

06/09/2023

What would the consequences be if, after your death, no one could access the information you have stored electronically? If you've protected your accounts or files with passwords, it could easily happen.

What would the consequences be if, after your death, no one could access the information you have stored electronically? If you've protected your accounts or files with passwords, it could easily happen.

04/26/2023

As a small business owner, tax time can be stressful. That’s why ensuring you’re garnering every benefit possible is essential. Many small businesses overlook some huge benefits when it comes to tax credits.

As a small business owner, tax time can be stressful. That’s why ensuring you’re garnering every benefit possible is essential. Many small businesses overlook some huge benefits when it comes to tax credits. This article reveals five of the most overlooked tax credits for small businesses. Read ...

04/25/2023

QuickBooks Online allows you to give multiple users access to your account. Here’s how to set them up.

QuickBooks Online allows you to give multiple users access to your account. Here’s how to set them up.

04/24/2023

If you break out in a sweat when you think about the possibility of an IRS audit, you’re not alone. It’s a common source of anxiety. But your chances are slim in any given year.

The short answer is no. Fewer than 1% of taxpayers get audited. But you should prepare for taxes like you’re going to be.

03/29/2023

Are You Worried About Getting Financial Aid for Your Child?
College planning with a professional can help you get the most financial aid for your child. Watch Our Video and Contact Us for a Consultation Today –https://www.craigcarterassociates.com/consultation.htm

03/28/2023

The big question is when to borrow money and on what terms. The decision isn't always clear-cut, as there are distinct pluses and minuses that small business owners should consider..

There are distinct pluses and minuses that small business owners should consider when looking for a loan.

03/23/2023

One of the biggest problems small businesses face is maintaining a positive cash flow. It’s a constant battle. How do you keep your income running ahead of your expenses?

It’s more enjoyable than paying your bills. Here are three ways to process incoming money from customers.

03/20/2023

Small businesses can take advantage of dozens of tax deductions to reduce what they owe the IRS at tax time. In this article, we share seven top deductions that you may not know about but should.

Small businesses can take advantage of dozens of tax deductions to reduce what they owe the IRS at tax time. In this article, we share seven top deductions that you may not know about but should.

02/27/2023

Preparing Your Business For Sale
Watch our video to learn more and Contact Us for a Consultation Today - https://smpl.is/z22u

02/22/2023

If you haven’t checked out QuickBooks Online’s free mobile app, you might be surprised at how much it can do.

If you haven’t checked out QuickBooks Online’s free mobile app, you might be surprised at how much it can do.

02/15/2023

The business entity you choose has a great impact on your taxes and liability. Choose wisely.

The business entity you choose has a great impact on your taxes and liability. Choose wisely.

02/08/2023

Running a small business isn't easy. You probably wouldn't have it any other way. The ability to survive and thrive is a source of great pride for small business owners. So when a competitor moves in, especially a big one, it can feel like battle lines have been drawn.

Running a small business isn't easy. You probably wouldn't have it any other way. The ability to survive and thrive is a source of great pride for small business owners. So when a competitor moves in, especially a big one, it can feel like battle lines have been drawn.

01/25/2023

Before adding bonds to your portfolio, it's important to know some basics about how they work and the significant variations that exist among bonds. What follows is an overview.

Before adding bonds to your portfolio, it's important to know some basics about how they work and the significant variations that exist among bonds. What follows is an overview.

01/18/2023

Too much debt at any stage of life can be a problem, but it can be particularly problematic for people who are close to retiring. Carrying a lot of debt into retirement can stress your finances. And for most people, using retirement savings to pay the interest on debt means that there will be less money available to meet their daily needs.

Too much debt at any stage of life can be a problem, but it can be particularly problematic for people who are close to retiring. Carrying a lot of debt into retirement can stress your finances. And for most people, using retirement savings to pay the interest on debt means that there will be less m...

01/11/2023

If you’re the co-owner of a property, whether it is joint tenancy as in marriage or tenancy in common between real estate partners, some tips can make life easier for you come tax time. Read on to learn more about how to handle co-ownership of property.

If you’re the co-owner of a property, whether it is joint tenancy as in marriage or tenancy in common between real estate partners, some tips can make life easier for you come tax time. Read on to learn more about how to handle co-ownership of property.

01/04/2023

Why Outsource Your Accounting
Watch Our Video and Contact Us for a Consultation Today -https://www.craigcarterassociates.com/consultation.htm

12/22/2022

You can't pin down the time or day when a disaster may strike your business. However, you can certainly prepare for one. Preparing for a disaster can minimize the potential damage and may protect you and your employees from harm.

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Fire, floods, hurricanes, earthquakes. When they happen, they can destroy buildings, equipment, and hard-to-replace data, and even injure or kill employees. It can take a business weeks, sometimes months, to resume operations after a disaster. Some businesses never recover. You can't pin down the ti...

12/15/2022

Whether or not the number of people working from office buildings returns to pre-COVID levels, one thing appears certain: Remote and hybrid work models are here to stay. Business owners and other managers who rely on individuals who are working remotely full- or part-time are refining and elevating their management skills so that they get the best out of their employees.

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Whether or not the number of people working from office buildings returns to pre-COVID levels, one thing appears certain: Remote and hybrid work models are here to stay. Business owners and other managers who rely on individuals who are working remotely full- or part-time are refining and elevating....

12/07/2022

The Cost of Procrastination
Watch Our Video and Contact Us for a Consultation Today - https://pos.li/2m6hqp

11/23/2022

Like most people, you may have very clear ideas about the legacy you intend to leave to your loved ones. And your plans may include dividing your financial assets equally among your children, which seems to be the fairest approach. If you have four children, for example, you could leave each one of them a quarter share of your assets.

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Like most people, you may have very clear ideas about the legacy you intend to leave to your loved ones. And your plans may include dividing your financial assets equally among your children, which seems to be the fairest approach. If you have four children, for example, you could leave each one of....

11/17/2022

If you're a millennial, retirement may barely register in your consciousness. Between paying down student loans, trying to take that first step on the housing ladder, or other financial priorities, you may have little time to think much about your life 35 years from now.

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If you're a millennial, retirement may barely register in your consciousness. Between paying down student loans, trying to take that first step on the housing ladder, or other financial priorities, you may have little time to think much about your life 35 years from now.

11/10/2022

QuickBooks Online provides numerous ways for you to know which customers owe you money – and who is late.

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QuickBooks Online provides numerous ways for you to know which customers owe you money – and who is late.

11/03/2022

Tackling Labor Shortages
Watch Our Video and Contact Us for a Consultation Today - https://pos.li/2m0stj

10/26/2022

Why Do You Need a Business Plan?
Watch Our Video and Contact Us for a Consultation Today - https://pos.li/2lzo8l

10/19/2022

If you regularly sell the same groups of products, you can save time by creating assemblies.

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If you regularly sell the same groups of products, you can save time by creating assemblies.

10/12/2022

Tax deductions aren't the only things to consider when looking for ways to reduce your tax bill. There are a number of tax credits that you may be able to claim. A tax credit reduces your tax liability dollar for dollar (and, in some instances, may be fully or partially "refundable" to the extent of any excess credit)

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Tax deductions aren't the only things to consider when looking for ways to reduce your tax bill. There are a number of tax credits that you may be able to claim. A tax credit reduces your tax liability dollar for dollar (and, in some instances, may be fully or partially

10/05/2022

Cash is critical to the functioning of every business. Maintaining a healthy cash flow not only allows a company to meet its financial obligations but also gives it the flexibility to take advantage of emerging opportunities.

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Cash is critical to the functioning of every business. Maintaining a healthy cash flow not only allows a company to meet its financial obligations but also gives it the flexibility to take advantage of emerging opportunities.

09/28/2022

The Roth IRA can not only be useful for retirement planning, but it also can be an important part of your estate planning as well. If you have a traditional IRA, converting it to a Roth IRA can be a wise estate planning strategy under certain circumstances.

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The Roth IRA can not only be useful for retirement planning, but it also can be an important part of your estate planning as well. If you have a traditional IRA, converting it to a Roth IRA can be a wise estate planning strategy under certain circumstances.

09/22/2022

Keeping Your Business Out of Trouble with the IRS
Watch Our Video and Contact Us for a Consultation Today - https://pos.li/2ltf4z

09/13/2022

Real estate investing comes with significant tax benefits. Find out how to identify the top tax strategies for maximum benefit and how to use them to your advantage come tax time.

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Real estate investing comes with significant tax benefits. Find out how to identify the top tax strategies for maximum benefit and how to use them to your advantage come tax time.