Planning on retiring soon? Maybe not entirely! There are ways to still work part time and earn enough so as not to touch social security too soon, while still having enough time to travel and have fun. See this article by Donna Rosato in Money for some ideas on how to stretch retirement money: time.com/money/4037379/work-retirement-have-fun So keep working part or full time as long as you want – get ideas from this list and you will have something to do in retirement and I have noticed that those who keep busy in retirement keep going a lot longer. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a Burbank CPA: The way you use your credit card will start to change
Hey, there is going to be a change in your credit card soon. They are going to put a chip in its brain (kind of like chipping your dog, except this will help prevent fraud.) See this post in Business Insider by Kathleen Elkins for more info on how these new cards will change the way you pay for items: www.businessinsider.com/why-the-us-is-adopting-emv-technology-2015-9 You will no longer swipe your card so the magnetic strip gets read. Now you will ‘dip’ the chip to have your card read. It will dramatically prevent cards being cloned and stolen that way. The problem is it will be some time before all the card readers in stores will be updated to read the chips, but eventually there will be a new level of security here. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Musings of a Burbank CPA: Remember Business Extensions Run Out September 15!
If you have an S or C Corporation, a trust or an LLC with more than one partner or a partnership that is on extension, this is your 2 week warning! The extension will run out September 15 and if you haven’t filed the return by then, you will probably be subject to the IRS penalty for late reporting. Even if no tax is due, the penalty is $195 a month per partner, so for an S Corporation the penalty will be $1170.00 per shareholder, for a partnership it will be $975.00 per partner (only a five month extension). This penalty does not apply to Trusts or C Corporations. Anyway it is best to get these returns filed by the September 15 due dates. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa