Newsletter September 19th 2018


Tax Deductions Even If You Don’t Itemize
One of the biggest changes the new tax law brings is a near doubling of the standard deduction to $12,000 on single returns, $18,000 for head-of-household filers and $24,000 on joint returns … up from $6,350, $9,350 and $12,700 in 2017 …

The New 1040 Form Is Not So Simple
The federal government has shrunk the iconic 1040 tax form that Americans send to the IRS every year. But that doesn’t mean doing your taxes has …
Bottom Line Inc

10 Ways to Painlessly Increase Your Savings
Having readily accessible cash on hand is one of the most important things you can do to protect yourself in the event of an emergency or loss …

Reasons Not to Retire as Early as You Can
I’m a big proponent of early retirement, so much so that I’ve made several arguments for it Opens a New Window. in the past. But while leaving the workforce …
Fox Business

Get your post-summer budget back into shape
If you’re like most Americans, this past summer season was filled with short trips out of town, family vacations, and likely some extra spending on …
USA Today

Here’s How To Balance Profitability And Social Good
Incorporating social good into a business model has always been laudable, but it’s especially important as Millennials reach the height of …

3 Steps to Worry-Free Splurges for Retirees
Growing up, I remember this joke my father always made to my mother when he wanted to buy a new “toy,” like a soft top Jeep Wrangler for cruising around …

Your Guide to Becoming the Ultimate Retirement Saver
If you want to save as much as possible for retirement Opens a New Window. , it pays to take full advantage of all the tax-favored accounts that are available …
Fox Business

Is a personal loan for you?
Personal loans have surged in popularity, due in part to increasing consumer confidence and a growing array of online lenders to provide them. Credit …
ABC News

Are Your Bank Deposits Insured?
During the Great Depression, panicky Americans converted deposits into currency and thousands of banks that could not meet withdrawal demands were …

IRS Spokespeople Discuss 199A – What Will the Final Regulations Say?
Internal Revenue Code Section (“IRC Section”) 199A was added to the tax law to give a 20% income tax deduction to certain “Qualified Business Income …

“If you factor in the money you didn’t lose on the investments you didn’t make, you’re doing quite well!”
Copyright © Randy Glasbergen
The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
See the answer below.
3 Easy Ways to Cut $100 From Your Budget Every Month
You’ve likely heard that setting aside some money every month for an emergency fund Opens a New Window. as you build up to having enough to cover three …
Fox Business
What Year Was It?

Nevada Site of First Underground Nuclear Explosion

Nevada Site of First Underground Nuclear Explosion

The US detonates a 1.7 kiloton nuclear weapon in an underground tunnel at the Nevada Test Site, a 1375 square mile research center located 65 miles north of Las Vegas.
The day was Sep 19. What year was it?

Quote of the Week
“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like.”
Will Rogers
Trivia Answer
The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
Answer: Acid Test (or ‘Quick Ratio’)
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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