Many people dream of one day building their own home. Rather than purchasing an existing home or working with a homebuilder’s particular location, layouts and design elements, you can buy the land and personalize the home’s details from floor plan to fixtures. Of course, few people can afford to pay to build a house upfront.
Construction loans can help you finance the actual building process, but obtaining such a loan is different from applying for a regular mortgage.
Is your company struggling to attract and retain top talent? Welcome to the club. According to the July 2018 jobs report for the U.S. Department of Labor, the unemployment rate dropped to just 3.9 percent. This represents “only the eighth time that the monthly rate has fallen below 4.0 percent since 1970, and three of those months have been in 2018,” according to a blog from the DOL’s Office of Public Affairs.
Any industry that accounts for 5 percent or more of a jurisdiction’s workforce is commonly considered to be a “major industry,” according to a 2018 report from Johns Hopkins University. And in all but one state in the U.S., nonprofits account for more than 5 percent. In over half of states, nonprofits employ more than 10 percent of the workforce.
In today’s real estate marketplace, many prospective homebuyers struggle to come up with the recommended 20 percent down payment. Fortunately, many loan programs make it possible to buy a home with less money down. While these loans make homeownership more accessible, they often come at a cost: private mortgage insurance.
If you are a homeowner (or hoping to be one soon), you know owning a home is expensive. You’ve got a monthly mortgage payment, real estate taxes, utilities, homeowners insurance and possibly association dues. On top of all that, you need to cover repairs and maintenance – which can be difficult to predict or plan for.
It’s the unpredictable nature of those repair costs that just might make a home warranty sound like a good idea.
For many military borrowers, VA loans offer an affordable path to homeownership. Since the program was created by the Servicemen’s Readjustment Act of 1944, these flexible, no-down-payment loans have made mortgages available to many veterans who otherwise might not have qualified for a conventional mortgage.
But once you’ve used your VA entitlement to buy a home, can you use it again? VA loans aren’t a one-time benefit. They can be used over and over again.
Twenty-two million people live in manufactured (aka mobile) homes in the U.S., according to the Manufactured Housing Institute. With an average new home sales price of just $70,600, manufactured homes present an affordable alternative to site-built homes.
Even at that price, few buyers can afford to pay cash for a manufactured home, not to mention the land it sits on.
Cloud accounting companies regularly tout the amount of time you’ll save using their services instead of manual tracking. I put it to the test.
If you’re used to claiming itemized deductions on your federal tax return, tax reform may have a surprise in store for you in 2019.
Many small business owners like to show appreciation to their clients, customers and team with thoughtful gifts. After all, you’re building a rapport with your clients and a bond with your team.
Whether in the form of cash, gift cards or a token of appreciation, gifts come with tax implications that small business owners should take into account.
According to the latest estimates from the Federal Reserve, homeowners in the U.S. control nearly $15 trillion in home equity as of the first quarter of 2018, up by roughly $1.5 trillion from the same period in 2017. Increases in home prices, tight inventories of houses for sale and paid down principal on existing mortgages all contribute to this increase. But the question for most homeowners is, “How can I tap my equity without selling?”
Your business might look good on paper, but if you’re not managing cash flow, you might be headed for disaster.
Every year, taxpayers find their mailboxes filled with forms they’ll need to file their income tax returns. Among those forms might be a 1099. The 1099 is a document that helps you properly report income other than job wages or salary.
So if you get a 1099 form, what do you need to do with it? We’ll help you figure that out.