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Archives for October 2019

Investing Basics: Mutual Funds

October 30, 2019 by L. Scott Elwell

When you buy shares of a mutual fund, your money is pooled with other shareholders’ money and invested in a portfolio of securities (stocks, bonds, etc.) An investment in a mutual fund offers you diversification and management by professionals. Mutual funds have no guarantee of good returns or safety of your investment; they go up […]

Filed Under: Accounting, Blog Tagged With: Certified Accountants in New Jersey, Certified QuickBooks Consultant, New Jersey Tax Preparation Offices, Payroll services New Jersey

How to Protect Your Social Security Number from Theft

October 23, 2019 by L. Scott Elwell

With the dramatic increase in identity theft, what can be done to protect your Social Security Number (SSN) from these would-be thieves? Here are some ideas. Do not carry your Social Security Card with you. Your parents were encouraged to do this, but times have changed. You will need to provide it to a new employer, […]

Filed Under: Blog Tagged With: Accountants in New Jersey, accounting advice, Accounting Finance Consultant, Accounting Firms in New Jersey, finance tips, financial advice, financial advisor, social security protection, social security tips, Top Accounting Firms in NJ

How to Defend Your Deductions

October 16, 2019 by L. Scott Elwell

When faced with questions on your tax return deductions, it is getting all too common for tax authorities to deny everything and then make you prove that your deductions are valid. Do not let this happen to you. Here are some suggestions. The one-two punch To prove your deduction most auditors are looking for two […]

Filed Under: Blog Tagged With: Accountants in New Jersey, Accounting Finance Consultant, Accounting Firms in New Jersey, accounting help, business accounting systems, IRS tax tips, tax advice, Tax Consultant in New jersey, tax deductions, tax help, Tax preparation Services NJ, tax services, tax tips

The Nine Basic Rules of Investing

October 9, 2019 by L. Scott Elwell

There is no magic to making money by investing. It requires discipline, determination, perseverance, and hard work. In deciding what investments are suitable for you, you must first understand the nine basic rules of investing. 1. Risk versus return. The greater the risk that you will lose not only the return on your investment but […]

Filed Under: Blog Tagged With: Accountant, Accountants in New Jersey, Accounting Finance Consultant, accounting services, Accounting Services New Jersey, business accounting systems, financial advice, financial advisor, financial consultant, investing advice, investment portfolio help, Investments, Top Accounting Firms in NJ

Investing Basics: Know When to Sell a Stock

October 2, 2019 by L. Scott Elwell

Selling a stock is an important decision – almost as important as the decision to buy. Unfortunately, while the world is full of buy recommendations, there is very little advice on when to sell. Many investors make the mistake of holding onto losing stocks too long. Sometimes they compound this error by selling their winners […]

Filed Under: Blog Tagged With: Accountant, Accountants in New Jersey, accounting advice, Accounting Finance Consultant, Accounting Firms in New Jersey, accounting help, Bookkeeping services NJ, financial advice, financial advisor, selling stock, stock advice, stock tips, Top Accounting Firms in NJ

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