Tax Financial Banking for September, 2011



Tax Financial Banking for Archive

Don’t Pay Your Bank Twice!

It is like burning your money to pay that much interest!

At one of my favorite personal finance blogs, Free Monday Finance, the article for today talked about one of my favorite personal finance experts in Dave Ramsey. If anyone knows me, you know I am a sucker for Dave Ramsey related material. You also know that one of my biggest motivators are easy things you can do with your personal finances in order for it to pay off big in the long run.

Dave Ramsey and smart things you can do to get ahead! I am all ears!

Dave in his book The Total Money Makeover: A Proven Plan for Financial Fitness (starting at $9.50, not a bad investment to save you this kind of interest!) talks about a survey of the Forbes 400 richest people in America. When asked, 75% of these multi-millionaires said the best way to build wealth is to stay out of debt! Read More of » Don’t Pay Your Bank Twice!




Tax Financial Banking for Archive

The Bare Facts About Tax—Real Estate, Sales, and Income—in Each Part of the Metro Area

Phillip Mann is one of those really smart tax guys. You know the kind of lawyer I’m talking about. He has served as the tax legislative counsel for the Department of the Treasury. His practice includes policy work with the Internal Revenue Service and the Treasury Department. So why would he knowingly pay more per year in income taxes to live in Maryland rather than Virginia?
Then there’s Robert Baldassari. As a principal with the McLean accounting firm Matthews, Carter and Boyce, he works on some of the most complicated tax issues in the Washington area. He quotes tax statutes with the same ease that many quote sports statistics (and finds it just as interesting). So why would he do something as inane as pay Virginia a personal property tax of more than 4 percent each year for his car while Mann drives free of this tax?

Finally, as past chairman of the American Bar Association’s Section on Taxation, Stef Tucker also knows his taxes. So much so that when he’s not practicing law as a partner with Venable, Baetjer and Howard, he’s teaching tax issues at Georgetown School of Law. So why would he willingly pay a higher real estate tax just to live in the District while Baldassari and Mann pay less for more land in the surrounding suburbs? Read More of » The Bare Facts About Tax—Real Estate, Sales, and Income—in Each Part of the Metro Area

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Tax Financial Banking for Archive

Human resources departments no longer have to drown in paperwork

Human resources departments no longer have to drown in paperwork. New products are streamlining hiring and benefits processing for smaller firms—and saving money.

Thanks to technology, the tedious struggles with paperwork and year-end enrollment are soon to be a thing of the past.

Call it what you wish: e-HR or virtual benefits. But either way, managing human resources through online products has many law firm administrators excited. And it’s changing the way law firms implement and process employee benefits.

With associate salaries skyrocketing and new hires harder than ever to find, the pressures on administrators to manage budgets and recruit, train, and retain employees are greater than ever. And with a job description that includes, well, just about everything, many administrators are finding that the mountain of paperwork requires an inordinate amount of time and energy. Read More of » Human resources departments no longer have to drown in paperwork

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