Category Archives: Education & Finance

Financial Information beneficial for those enrolled in higher education, tax credits and how to finance your education.

FBAR DUE TODAY JUNE 30TH

  THE FINANCIAL CRIMES ENFORCEMENT NETWORK (FinCen) was created to safeguard the financial system from illicit use and combat money laundering. FinCen created a reporting for Foreign Bank and Financial Accounts (FBAR). This reporting is done on Form 114 and … Continue reading

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International Investment Information : FACTA ( Tax Reporting Tips for Assets Abroad)

DO YOU HOLD ASSETS IN FOREING COUNTRIES? ARE YOU A US RESIDENT OR CITIZEN LIVING ABROAD? YOU NEED TO UNDERSTAND YOUR TAX OBLIGATIONS   -Raquel Hickey, Hickey&Hickey Accountant Consultants   In this global age that we live in, more and … Continue reading

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10 tips on Budgeting and Tax Analysis to Whip Your Personal & Business Finances into Shape

10 tips on Budgeting & Tax Analysis -Raquel Hickey, Hickey&Hickey Accountant Consultants Usually we think about accountants when we are in trouble with the IRS, our State, or in Tax season and what is worse we rate our accountants blindly … Continue reading

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Earned Income Tax Credit Basics : What to Know to Claim It ( 1 of 2)

QUALIFYING FOR EARN INCOME TAX CREDIT Some taxpayers with lower-paying jobs may be eligible for an earned income tax credit (EITC), based on their income levels. The EITC is a refundable credit; if the credit amount exceeds the taxpayer’s tax … Continue reading

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Earned Income Tax Credit Basics : What to Know to Claim It ( 2 of 2)

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Alert! Increase in the Minimum Wage in NY and the Tri-State Area

INCREASE IN THE MINIMUM WAGE for all businesses working in New York, New Jersey and Connecticut NEW YORK $8.00 ON 12/31/2013 $8.75 ON 12/31/14 $9.00 ON 12/31/15 Beginning on December 31, 2013, New York Employers must pay exempt employees at … Continue reading

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Things for Businesses to Ponder as We Close the Year

  We are at a point where our thoughts, our bodies, our souls and all our efforts are focused on the year end festivities.  Family, friends, gifts, parties and we alll deserve it!   After the Holiday season and as … Continue reading

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Special Tax Considerations for Veterans

  Disabled veterans may be eligible to claim a federal tax refund based on:   an increase in the veteran’s percentage of disability from the Department of Veterans Affairs (which may include a retroactive determination) or the combat-disabled veteran applying … Continue reading

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Small Business Owners and their Workers need UNITY and PASSION

As a Business owner you need to take the time to do the BIG THINKING.  When you do this on a daily basis you will differentiate in your employees your leaders, and engage them to drive real growth. Take the following steps: … Continue reading

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A THING OR TWO TO KNOW TO IMPROVE YOUR FINANCIAL HEALTH

1.   Checking fee: Find out if you meet the criteria for free checking, otherwise find online banks and community banks they still offer free checking without all the requirements to qualify.  A thing to remember is that online banks pay higher … Continue reading

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