The Blog Of TL Wall Accounting

Taxes For 2020; Not A Lot Of Change

It’s tax season again, and hopefully everyone’s ready with the information their accountants or tax preparation people need to represent them properly. There aren’t a lot of changes via lawmakers this year, but there are a couple of new things we feel need to be mentioned.


First, obviously the entire country had to deal with the pandemic. Some people lost their jobs, while others had to work from home. Some restaurants closed (some permanently) while others figured out ways of doing either delivery, pick up or both. Some businesses qualified for and received PPP relief loans. And of course many people qualified for those stimulus checks. Let’s talk about some of these things.
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7 Ways To Start The New Year Off Right Financially

It never hurts to start thinking about your financial comfort. The beginning of the year is a great time to do it, even though any time you decide to do it is also a great time.

Numbers And Finance
Ken Teegardin via Compfight

It’s in that vein that we give some general tips on financial planning, spending, budgeting, taxes, or other things that, because 2014 is right around the corner, is a good way to start planning for your financial future, or addressing some things in your past. We don’t call these resolutions because we’re not trying to change you just to change you. We hope to make you think about some financial aspects of your life and how you can feel more comfortable with just a few changes; okay, 7 changes. Here they are:
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Verify The Charge Off Amounts On Outstanding Debt

Owing on a debt is depressing. Falling way behind is scary. As this past year has shown, a lot of people have had problems keeping up with their bills. It’s nothing to be ashamed about; it’s better to try overcoming the debt instead.

Debt-an-idea-worth-shedding
Lex McKee via Compfight

Many people have had at least one credit card or something go to a collection agency. Sometimes it’s legitimate, sometimes it’s not. We’re going to talk about the legitimate ones, where you know you either fell behind in payments or stopped making payments, and now a collection agency has tracked you down and is trying to get you to pay it off.
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5 Things To Evaluate When Selecting A Bank

Do you remember your first bank account? Mine was when I was 8 years old. My parents gave me an allowance but I had to put $5 away each week into a savings account. This was back in the 60’s and, at the time, it was a local bank.

rich piggy
frankieleon via Compfight

Times have changed and selecting a bank isn’t as easy anymore. Each bank has benefits and negatives about it. If you don’t want to feel like you’re being taken advantage of, you need to take more time evaluating banks and determining which one fits your needs the best before you go putting your money in one.

Here are 5 things you should evaluate banks on based on your circumstances.
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How Do You Feel About Paperless Billing?

Some of us love paying our bills online. If you’re on the road or one of those people who doesn’t pay every bill two weeks in advance, so that you don’t have to worry about whether or not your bill was received in time, this is the easiest way to go.

Bills
Sarah Braun via Compfight

Unfortunately, there are some bills that won’t just let you pay online. They want you to sign up for their full paperless billing system, which they say will help save money because they don’t have to pay for paper or postage. You get your bill by email, you can check your account online, and THEN you can pay your bills online.
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