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Further
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Home Business Opportunity Abounds on The Internet! - Darrell Knox
Looking for a home business opportunity on the internet these days is a pretty involved process. That is, if you don’t know how to eliminate 90% of the junk that’s out there and pick among the home business opportunities that actually have merit...
25 Ways to Find Companies to Buy - Mark A Smock
When you start your program to purchase your “ideal” company, you quickly realize that your ultimate success will depend on two primary skill sets: 1) Your ability to FIND viable companies that are for sale, and 2) Your ability to effectively...
How to Bring Your Heart & Spirit to Work - Ann Ronan Ph D
How to Bring Your Heart and Spirit to Work If you live an average life span and work full-time you will have spent 90,000 hours at work. More than one third of your waking adult life! Do you long to spend those days doing work that is satisfying?...
Career Executive Coaching Article -Motivator, Discipline and Desire - Ruth Zanes
"There is a certain combination of desire and discipline in the way I work. Discipline by itself simply is not enough in the creative process." - Robert De Niro Many of us think of discipline as a highly positive characteristic. When we fail to...
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How To Get An Instant Pay Raise
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Written By:
Leo J Quinn Jr
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As a gentleman was leaving my class recently, he wanted me to clarify something I had said. He was making sure that he should take his four or five thousand dollar tax refund and pay off debt.
I was stunned. This money represented $400-$500 that could have been in his pocket every month. A survey of my friends this week revealed one who was getting back $2800 and one getting $3300 back this year.
Getting a large tax refund (over $500) means you are having too much money withheld from your check every pay period.
Many people use this as a forced saving plan and it does not make any sense. You are loaning the government YOUR money, interest free. Every $1200 in refund is an extra $100 per month you could have used to eliminate debt or invest for your future.
I 'd venture to say that most people who do get large refunds could use this money every month to ease their debt burden. This burden frequently leads to late charges and higher interest rates. Instead, they like the feeling of getting that big check in the mail and figuring out how to spend that chunk of money.
The ideal situation is to either owe or get back $100.
If you get a big tax refund then you should adjust your allowances. The more allowances you claim, the less money is withheld from your check for taxes. It - continued below ...
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generally does not matter how many allowances you claim. If the government gets it's money they really don't care how many allowances you claim.
Here is how to get it right. Take the time to complete the appropriate worksheets included on Form W-4. The worksheets will help you determine your withholding allowances based on your income, adjustments, deductions, exemptions and tax credits. The worksheets can help you figure the right amount so you don't have too little withheld.
The IRS now has a calculator on their website which you can now access anytime at: http://www.irs.gov/individuals/article/0,,id=96196,00.html
If you need help ask your payroll administrator at work or an accountant.
Keep your money working for YOU!
About the Author
Leo J. Quinn, Jr. owner of www.LeoQuinn.com is a financial educator from the Albany, NY area. For over eight years he has been helping thousands of people get control of their finances and get out of debt in a fraction of the normal time. He has a special offer for readers of this newsletter at http://www.1shoppingcart.com/app/adtrack.asp?AdID=132551
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The Beginner's Guide to Home Business Marketing - Lisa Lake
Hello again, Lisa Lake here with more tips for the beginning home businessperson. As you may know from my past articles, after raising my kids I went back into the work force, and I faced down several challenges. I'm a non-traditional...
Say It With Humor - Luana Emmons
When you own a business, you may find yourself in situations that may be a little tricky to handle. Dealing with customers who steal is one of them. A few years back we were faced with the problem of how to handle our free water cups. It...
The Middle of Nowhere (Can you find it on a map?) - David Leonhardt
Working from home on websites for international customers has certain occupational hazards if you live out in the middle of nowhere. Allow me to explain. I pay for my family's daily rations of bread, water and the occasional snow flake (when in...
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