May 23rd, 2018 Newsletter

What the New Tax Law Means for Small Businesses
The most sweeping tax overhaul in three decades brings lots of good cheer for businesses, ranging from a lower corporate tax rate to big tax savings for asset purchases. But there are also some deductions that disappear and other …
Kiplingers

18 Tax Moves You Should Make for 2018
Another tax season is in the books, and unless you had to file for an extension, you’ve probably been hoping that after getting your tax …
The Motley Fool

How To Speak Up When You’re Not Being Paid Fairly
Adrienne was shocked when she did a performance review for her male direct report and found out he was making the same salary she was. A veteran …
Forbes

Small Firms Rethink Client Events After Losing Tax Break
A wholesale distributor plans to replace some expense-account lunches with open houses for customers. A marketing firm has stopped reimbursing …
The Wall Street Journal

States with the highest average Social Security retirement benefit
Retirement benefits in three states are more than $100 a month higher than the national average. For better or worse, Social Security is …
USA Today

How to Cancel a Check
A check is a common form of payment used when purchasing goods or paying for a service received. The entity that receives the check would …
Investopedia

94% of Teachers Say They Spend Their Own Money on Classroom Supplies
Nearly all public school teachers report digging into their pockets to pay for school supplies, spending nearly $480 a year, far more …
Time

3 Ways to Spring Clean Your Finances
It’s time to take out all your investments and try them on to see if they still fit. Winter has come to an end, and spring cleaning season is …
Kiplinger

Almost half of US families can’t afford basics like rent and food
The economy may be chugging along, but many Americans are still struggling to afford a basic middle class life. Nearly 51 million households don’t …
CNN Money

US household debt edges up to $13.21T
Strategic Resource Group Managing Director Burt Flickinger and Patriarch Organization Chairman Eric Schiffer on why retail sales are up …
Fox Business

How To Survive Getting A Mortgage
The single greatest purchase you’ll ever make is likely going to be your home. The only other purchase or debt that’s comparable is probably …
Forbes

“I hate to spoil a nice tradition, but paying a dollar for a child’s tooth isn’t the best way to invest your money. Let’s talk.”
Copyright © Randy Glasbergen

Trivia
Why do some coins have reeded edges?
See the answer below.

Burdening Your Retirement With a Mortgage
Part of the rosy picture associated with retirement is the thrill of kissing that monthly mortgage payment good-bye (on the presumption …
Investopedia

What Year Was It?

Police Kill Outlaws Bonnie and Clyde

Notorious criminals Bonnie Parker and Clyde Barrow are shot to death by Texas and Louisiana state police while driving a stolen car near Sailes, Louisiana.
The day was May 23. What year was it?

Quote of the Week
“You must gain control over your money or the lack of it will forever control you.”
Dave Ramsey

Trivia Answer
Why do some coins have reeded edges?
Answer: To deter counterfeiting

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Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750

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Tom Umstattd, CPA

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