Newsletter March 7th, 2018

Mar 7, 2018
How much tax to withhold? New calculator to help figure it

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Millions of Americans are now getting bigger paychecks as a result of the new tax law. So the government is issuing an online calculator for figuring whether enough money is being set aside. The calculator unveiled Wednesday …
ABC News

Tips for Filing Your 2017 Tax Return
All the hoopla about the tax law signed by President Trump can obscure a sneaky little secret: The rules pertaining to the 2017 …
Kiplinger
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3 Brilliant Ways to Win a Price Negotiation
These easily remembered techniques will help you command the highest price possible for your product or service. I’ve personally negotiated …
Inc

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Don’t write off paper bank statements just yet
Electronic bank statements have virtues — saving trees, keeping your desk uncluttered — but they also have a vice: They can be easy to …
Fox Business
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Do you pay estimated taxes? Here’s what you need to know
That’s the question facing people who must pay quarterly estimated taxes and have to send their first check to the IRS by April 17 …
CNN Money

Widows Need to Understand Social Security Benefits
In February 2018, the Social Security Administration (SSA) released an audit report revealing how a percentage of widow benefits …
Investopedia
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Raising a child costs $233,610. Are you financially prepared to be a parent?
Four years after getting married — and after a lot of financial planning — Jennie Kennedy and her husband welcomed their baby son …
USA Today

Oscars $100K Swag Bag’s Taxing Price Tag
How can gifts be taxed as income? The answer is when they are not really gifts. Every year at the Oscars, there are many “free” gifts …
Forbes
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Did You Buy or Sell Bitcoin in the Last Year? You May Owe Taxes to the IRS
Cryptocurrencies like bitcoin may not be regulated by the government, but they’re still subject to being taxed. There have been …
Inc

Digital money has made it harder to tip the hotel housemaid
Last summer, Uber at last started allowing its customers to tip their drivers. There was nothing actually preventing them from tipping …
The Economist
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6 Ways to Retire Without a Mortgage
Admit it: Whether you’re 35 or 65, the prospect of retiring without a mortgage is an attractive one. No more monthly mortgage …
Kiplinger

Cartoon
“It’s a steamy novel about an accountant – Fifty Shades of Red.”
Copyright © Randy Glasbergen
Trivia
What is the U.S. 2001 one dollar bill made of?
See the answer below.
How to save money on the biggest expenses in your budget
Want to find some real savings in your budget? Cutting out lattes and avocado toast probably isn’t the way to go. Housing, transportation …
CNN Money
What Year Was It?

Bell Patents the Telephone

Bell Patents the Telephone

29-year-old Alexander Graham Bell receives a patent for his revolutionary new invention – the telephone.
The day was Mar 7. What year was it?

Quote of the Week
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
Ayn Rand
Trivia Answer
What is the U.S. 2001 one dollar bill made of?
Answer: Cotton and linen
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Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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