FBOL_eNewsletter_Title-04

What It's Like Owning & Driving an Electric Car

As gas prices go up and the auto industry steers toward full electrification, more and more people are considering buying an electric vehicle as their next car. But what is owning and driving an electric car like? The following are some of the pros and cons of electric car ownership, which may help you decide whether to jump on the EV ship.

Read More

Financial Risk vs. Business Risk: What’s the Difference?

Just like everything else in life, owning and operating a small business can be risky. Typically, your risks will fall into two different categories: financial and business. Understanding both of these risk types will help you run your business as responsibly as possible and plan ahead for any complications that might arise.

Read More

What to Do if You Owe the IRS and Can’t Pay

Filling out your tax return is stressful enough, but realizing that you owe more than what you can afford to the Internal Revenue Service can be terrifying. It’s not exactly a bill you can ignore without dire circumstances, after all! Although panic is a natural reaction when faced with such a financial predicament, it is unnecessary; there are ways to settle your bill that will calm your nerves and the demands of the IRS. 

Read More

What Happens if You File Your Taxes Late?

Most people know that you shouldn’t file your taxes late. But what happens if you do? What are the penalties? In the United States, the annual deadline for most people to file their federal income tax return is typically April 15. If you fail to file a return, fail to pay taxes you owe, or only partially pay for the taxes you owe, the IRS may impose a number of penalties.

Read More

How to Properly Handle a Business Tax Audit

Receiving a letter from the Internal Revenue Service informing you that your business is being audited is enough to stop you cold. But if you have taken the proper steps to prepare and work with your auditor to the best of your abilities, you shouldn’t have anything to sweat about.

Read More

How Much Does It Cost to Sell a House?

No matter the reason — retirement, job relocation, downsizing, or upsizing — selling a house can be a stressful, complicated, and surprisingly costly process. If you are a first-time home seller or haven’t sold an abode in some time, here are some costs you need to know about before you list your house.

Read More