Making the Most of Your Sudden Wealth

 For many of us, the first things that come to mind when we hear the words “financial windfall” or “sudden wealth” are winning the lottery or hitting the jackpot. But a surprise payday isn’t always a one-in-a-million game of chance. A financial windfall can also come...

Oh Yeah?! Well I am taking you Back to Court!

 Hopefully your divorce has been finalized for some time before you ever hear the phrase “I am taking you back to court.” If you had a good lawyer who made going to court very unpleasant for that person the first time during the underlying divorce case, it is unlikely...

Business Debts Can You Be Held Personally Liable?

 If you own a small business that is struggling financially, perhaps you’re asking yourself if business creditors can come after you personally. Sales may be down. Your customers may not be paying you on time if at all. Capital may be limited to keep up with the...

Why Should You Work With A Local Lender

 Do you get sales calls from people across the country who couldn’t even find Santa Clarita on a map? Their tempting offers can be replicated by a local lender, and you get someone who knows the SCV market. “Everyone in our office has lived in the area for many...

Costs of Incorporating Your Business

Business owners choose to incorporate their business because they perceive tax advantages, believe it will help their image or wish to limit their personal liability. If personal liability is a concern for you, we recommend working with an accountant or attorney to...

Money Matters Should We Stay, or Should We Go?

 Most people assume that once you hit retirement, it’s time to pack up and move someplace sunny. But surprisingly, many American seniors aren’t interested in straying too far from home. I recently read an article in AARP magazine that three out of four retirees do not...

The Money Talk Your Kids Will Thank You for It

 It’s back-to-school season, and you’re busy getting your kids ready for another school year. As a parent, you want to prepare your children for a lifetime of success. A formal education is a cornerstone of that preparation, but while you’re shopping for school...

Can Bankruptcy End All My Financial Worries?

 If you are facing the prospect of filing bankruptcy for the first time in your life, this could be a frightening process. You probably have a thousand questions going through your mind as you contemplate your next move. Is bankruptcy the right thing to do or will it...

Common Payroll Mistakes Is it time to outsource?

 According to the IRS, each year 40 percent of small business owners who handle their own payroll taxes pay penalties for late filings and mistakes. Tax penalties can be expensive, requiring interest and fines on the amount overdue. The IRS and California’s Employment...

Is My Inheritance Taxable?

 The short answer is maybe? The long answer is it depends. The taxability of inheritance depends on the tax attributes of what is left to the beneficiaries. Some items will pass to the beneficiaries tax free. Common items in this category are Cash, Roth IRAs and Real...

Fighting For The Rights Of Injured Workers

 Have you recently experienced a work-related injury? Has getting the treatment you need to return to work become impossible to get authorized through the worker’s compensation insurance carrier? Recent legislation effective since 2013 has made it more difficult for...

Quotes from Warren Buffet

 Are you a participant in a 401K, 403B, Pensions Plan, Profit Sharing Plan, or other similar plan? If yes, do you expect to roll over your plan assets to an IRA some day? If yes, are you prepared to choose investments yourself? Most of us are not. We may have some...

Do You Need Nar-Anon?

 Addiction is a disease that creates a lot of pain and sorrow. Reaching out for some relief and sanity becomes priority for most. If you’re experiencing the chaos of this disease, take a minute to answer these questions; Do you lie awake worrying about this person?...

How Much Should You Be Spending Each Month?

 Exactly how many dollars you spend each month depends, of course, on your income. But there is one universal rule: You should always spend less than you earn. That’s the only way you can be sure there’s room in your budget for saving, which is how you’ll reach your...

What’s New at College of the Canyons

 We checked in with seven College of the Canyons faculty members to chat about what’s new and exciting on campus this fall, how their programs are creating career opportunities for our community members, and what future COC students can be doing now to prepare for a...

The Business Directory – August 2018

From lawyers to tax consultants to accountants and everything in between, this month’s business guide will show you just how convenient and easily accessible any kind of service can be. The August Business Guide is your “one stop shop” for all the contact information...

Planning for the Rising Costs of Health Care

Longer lifespans and rising health care costs are driving investors to control their financial exposure to uncovered bouts of care—particularly in retirement. The United States spends more than $3 trillion a year on health care, or nearly $10,000 per person. Overall...

Are You Worried About Being Audited?

Now that you have filed your taxes for 2017, you may wonder what your risk is of an audit by the IRS. The good news is that audits have become less likely. The agency has trimmed back despite the growth in population, and the number of audits has dropped 40 percent...

Help! I’m Divorcing a Narcissist!

Divorcing a narcissist is the most expensive, painful and prolonged divorce one can endure. It takes forever to get through the court system with these people, and even when you do, you have to force their compliance with court orders with more court intervention and...

Possibilities, Potentials, and Opportunities

 When I think of the word possibilities, I think of all things possible in the universe for a given situation. When I think of the word potentials, I think of all that I am currently capable of, or can become capable of. When I think of the word opportunities, I think...

Common Bankruptcy Fears and What to Do About Them

 The word “bankruptcy” is packed with all sorts of negative emotional triggers. It sounds bad — even dirty. It’s embarrassing. (What if people find out?!) People paint ugly pictures of what their lives will look like post-bankruptcy. But it’s not true. Bankruptcy is...

Ten Simple Steps to an Estate Plan

 It is never easy discussing end-of-life preparations and estate planning. For this reason, many individuals avoid the topic altogether and then are forced to deal with confusion, uncertainty, and lack of clarity when a loved one suffers an untimely death. The...