Employment scams are not new, but they’ve become increasingly sophisticated as scammers design websites that effectively mimic the sites of legitimate companies. How can you keep from being ripped off by bogus job agencies? Do your research. Gather information about the job placement companies you’re interested in. Also ask around. Chances are you know someone […]
Archives for October 2020
Updates on Paycheck Protection Program Just Released!
The Senate blocked an extension of the Paycheck Protection Program as negotiations for a larger relief package continues between Democrats and the White House. The legislation was shot down 40 to 58 on October 20 as several lawmakers broke ranks and voted with the opposite party. The measure, backed by Senate Majority Leader Mitch McConnell, […]
Is a Tax Time Bomb Lurking in Your Paycheck?
Does your paycheck look a little higher than normal? If so, it could be a tax time bomb. The Problem A payroll tax deferral beginning September 1 was recently signed via a presidential executive order. This deferral of the employee’s portion of Social Security will raise your paycheck temporarily until January 2021. Beginning in 2021, […]
How to Build Your Emergency Fund – When You Have No Money
This year’s pandemic highlights the importance of having enough money set aside in an emergency fund to cover six to nine months of key expenses should you lose your job. But how do you build an emergency fund if you don’t have any extra money? The easiest way to accomplish this is by reducing your […]
Beware of the Dirty Dozen Tax Scams!
The IRS released its 2020 edition of its annual Dirty Dozen list of tax scams with a special emphasis on aggressive and evolving schemes related to COVID-19 tax relief, including Economic Impact Payments. Here are six of the more common scams. Phishing. Phishing refers to potential fake emails or websites looking to steal your personal […]