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Tom Hallissey

Recent Posts

Supreme Court Ruling may Alter Internet Sales Tax Collection

Posted by Tom Hallissey on Oct 10, 2018 10:00:00 AM

In June, the Supreme Court made a major ruling that could significantly change how internet sales tax is calculated. The decision overturned a nearly 30-year precedent that required retailers to collect local taxes only if they had a physical presence in the state where the goods were purchased. The High Court's recent ruling indicates that retailers can now collect taxes in all jurisdictions where they have made qualifying sales.

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Topics: Business Accounting

5 Tips and Tricks for Building Wealth to Last a Lifetime

Posted by Tom Hallissey on Sep 26, 2018 10:00:00 AM

Building wealth is not only for the wealthy. Anyone can learn how to develop a plan to build a nest egg for retirement. From monitoring daily spending to diversifying investments, these tips and tricks can help you become more financially secure.

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Topics: Insider

Financial Literacy 101: How to Make Sense of Money

Posted by Tom Hallissey on Sep 12, 2018 10:00:00 AM

Financial literacy is a term for the ability to manage your money. It includes learning how to pay bills, borrow money, save responsibly, invest wisely and plan for retirement. Financial literacy is a learned skill, which is not taught in any school.

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Topics: Insider

How to Steadily Increase your Small Business Cash Flow

Posted by Tom Hallissey on Aug 29, 2018 10:00:00 AM

With the ups and downs of the economy, a cash flow shortage could potentially hit any company. However, these serious problems can be prevented if you learn how to manage small business cash flow.

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Topics: Business Accounting

A Guide to Easily Understanding Credit Scores

Posted by Tom Hallissey on Aug 15, 2018 10:00:00 AM

If you are interested in buying a new car or applying for a mortgage, your credit score could make a big difference in what you are able to borrow and the interest rate available to you. In order to secure the best terms, you will benefit from reading this simple guide to understanding credit scores.

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Topics: Insider

What is an Employee Benefit Plan Audit, and How does it Work?

Posted by Tom Hallissey on Jul 25, 2018 10:00:00 AM

The deadline for an employee benefit plan to file a Form 5500 is July 31. The Employee Retirement Income Security Act requires that an annual audit of many large benefit plan’s financial statements be conducted by an independent qualified public accountant. If your company sponsors an employee benefit plan, you should be aware of this type of audit process.

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Topics: Business Accounting

How to Recognize (and Avoid) Email Phishing Scams

Posted by Tom Hallissey on Jul 11, 2018 10:00:00 AM

Did you know that on average email phishing scams cost a mid-size company about $1.6 million? Just one wrong link click could be enough to cripple your entire organization. As these serious cyber threats continue to spread, it is more crucial than ever that businesses know how to identify and avoid phishing.

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Topics: Business Accounting

Personal Finance Budgeting Tips for Busy People

Posted by Tom Hallissey on Jun 28, 2018 10:00:00 AM

With everything going on in life, it’s easy to forget about personal finance budgeting. But, even if you work 80 hours a week, many of today’s financial tools leave you with no excuse to avoid money management. In the time it takes to commute to the city, you could easily learn these five financial tricks for busy people.

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Topics: Insider

How to Create a College Education Savings Plan for your Child

Posted by Tom Hallissey on Jun 12, 2018 10:00:00 AM

The cost of college continues to increase. In fact, tuition at private four-year institutions has increased 129 percent in the last 20 years. In order to meet these rising expenses, every parent needs a college education savings strategy. Depending on your income level, there are different savings options you can choose from, such as a 529 College Plan or a Coverdell Education Savings Account.

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Topics: Insider

How to Save for Retirement without Stress and Anxiety

Posted by Tom Hallissey on May 30, 2018 10:00:00 AM

More and more Americans are now working longer into their golden years. In fact, one in five have no retirement savings at all. Unfortunately, too many of these people never learned how to save for retirement.

Don’t make the same mistake. Learn these tips and tricks today.

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Topics: Insider

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Since 1949, S,L&C has provided professional accounting and business advisory services from New York to California. Now, our blog contains some of the latest news, trends and tips to help you prosper financially.  

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