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Teach Your Kids About Money (They'll Thank You Later)
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A Quick Guide to Health Insurance for the Newly Unemployed

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Teach Your Kids About Money (They'll Thank You Later)

Money can be a tough subject. In some families it is taboo. Other times it is just too abstract. Here, Kate Ashford outlines a few fun and concrete ways to talk about finances with your children. 

As parents, we pass a lot of wisdom on to our children, but we seem to be leaving money know-how up to chance.

I recently realized that my oldest daughter, who just turned five, doesn’t know a penny from a quarter. That may not seem significant, but part of the problem with financial literacy today is that money isn’t tangible anymore.

A Quick Guide to Health Insurance for the Newly Unemployed

Ed Note:When you lose a job, you lose more than just a paycheck. You also lose any employer-paid health insurance benefits. Fortunately, you have lots of options for keeping or replacing your current health insurance policy.

Getting laid off will make you feel bad enough, but realizing that you now have to figure out what to do about your health insurance can fill you with absolute dread. While we can’t get you a new job, we can help you sort out the options you have when you lose employer-paid health insurance.

2014 Tax season: 12% of Americans say it's OK to cheat on taxes

While the vast majority of Americans say cheating on taxes is unacceptable, a good amount think it's perfectly fine to under-report income, claim bogus deductions and inflate credits.

When asked how acceptable it is to cheat on taxes, if at all, 12% of respondents answered "a little here and there" or "as much as possible," according to a survey from the IRS Oversight Board that polled 1,000 people.

That's up slightly from 11% in 2012 and up from a low of 9% in 2008.

Corresponding with that increase, the survey found that opinions about the IRS have grown more negative, with an increasing number of people saying the agency devotes too many resources to enforcement instead of consumer services.

Enroll for Health Insurance Soon or Pay the Price, Litterally

Ed note:There’s a lot to understand about the new Affordable Care Act, but the issue that has many people very confused is the penalty. The Tax Institute’s lead tax research analyst Lindsey Buchholz explains when and how the penalty could affect you. 

If you are required to haveminimum essential health care insurance in 2014, you need to act quickly if you have not enrolled. The deadline for open enrollment in a Marketplace health insurance plan will close on March 31, 2014.

If you don’t enroll before March 31, and are not eligible for an exemption, you will likely be charged the penalty on your 2014 tax return you file in 2015.

2014 Forbes Billionare List, Top 10

The ranks of the world’s billionaires continue to scale new heights–and stretch to new corners of the world. Our global wealth team found 1,645 billionaires with an aggregate net worth of $6.4 trillion, up from $5.4 trillion a year ago. We unearthed 268 new ten-figure fortunes, including a record 42 new women billionaires. In total, there are 172 women on the list, more than ever before and up from 138 last year. 

Bill Gates is back on top after a four-year hiatus, reclaiming the title of world’s richest person from telecom mogul Carlos Slim Helu of Mexico, who ranked No.

7 Smart Ways To Spend Your Tax Refund

An income tax refund can never come at a bad time! The only hard thing about getting "free" money is deciding how to spend it. You could always blow it on some gadget you'll forget about in a month. Or, you can spend your tax refund on something that will benefit you in the long run - like, your finances. If you're due a refund, here are some smart ways to spend it that will improve your credit and reduce your debt.

Putting your refund away for a rainy day is a wise decision.

Why you need to check your credit report

Ed note:Your credit score may just seem like another ordinary number, but there is actually quite a lot to learn from your credit report.Meg FavreauofWise Breadlooks at some of the most revealing things you’ll find....

Your credit report is one of the most powerful financial tools you have access to, and checking your report regularly can help you do everything from buy a house to catch a criminal. If you’ve never checked your credit report before, you might wonder why you need to now — after all, you’ve gotten along fine without it.

Starting a Business?

Starting a new business on your own can be both intimidating and rewarding at the same time. Hopefully; with a solid business plan and proper guidance those stepping-out on their own will be successful. To make this process a little easier, here are some basic tax considerations a new business owner should take into account.
Choosing Your Type of Business Entity
One of the first decisions that you will have to make is to choose the type of entity that you wish your business to operate as. Your choice plays a factor in your personal liability for the business’ activities and how taxes are imposed on the business and yourself as the owner.

How Will the Government Shutdown Affect Taxes

What does the government shutdown mean for those who are finishing up their taxes?
 
  • For the 12 million taxpayers who filed an extension the deadline remains October 15. E-filing the return is the best way to ensure timely processing in the event there is a prolonged time before the government is fully operational. Write your post here.
 
 
Will there be delays for e-filed returns? Or for direct deposit?
  • For taxpayers who recently filed, including the millions of expatriates who live or work abroad, the IRS has started processing their return.

Long Term Focus for Small Business

 
 
As a small business owner, it's easy to get caught up in the excitement of an average day. Especially when work piles up in and around the office, entrepreneurs don't always take the time to consider the long term impact of what they're doing. Here are a few things to keep in mind that will help you promote the long term success of your business when the going gets tough:
 
Communication is Key
 
When you're busy with work and expect to be for the foreseeable future, you might notice that you have not been actively communicating with your employees and customers.
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