All Posts by Felix Mwania

small business accounting essentials

Your small business accounting essentials

Your small business accounting essentials As a business owner, it is important to follow some basic small business accounting essentials to help you succeed. It does not matter whether you are just starting off or you have been operating for a while. The reality is that for many excited business owners launching a startup, it’s easy […]

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Roth IRA or Traditional IRA

Roth IRA or Traditional IRA

Roth IRA or Traditional IRA: Do you qualify for both? So often we talk about either Roth IRA or Traditional IRA, but what is an IRA anyway?IRA stands for Individual Retirement Account. And in essence, and IRA is a savings account that allows individuals to contribute pre-tax or post tax dollars for retirement.​But before we […]

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paying off your mortgage faster

Why paying off your mortgage faster isn’t always the best move

Why paying off your mortgage faster isn’t always the best move ​This article will look at the idea of why paying off your mortgage faster isn’t always the best move through the lens of ‘Opportunity Cost.’ Before leaning into paying down any debt as aggressively as possible, it’s worth stepping back and examining the ‘big-picture’ […]

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nanny payroll

Household Employer Payroll: The Ultimate Guide for the Household Employer

Household employer payroll: The ultimate guide for nanny tax and the household employer Nanny payroll is quite confusing and especially for the first time household employer. But why do we need to know about nanny payroll? We can all agree that finding time to balance our numerous responsibilities isn’t easy.  Between work, shuffling kids to and […]

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Most overlooked Tax Deductions

Most overlooked Tax Deductions

10 Tax Deduction Tips that Can Save you Hundreds ​Have you ever wondered if you’re missing something when it comes to tax season? The fact is you might be disregarding some of the most overlooked tax deductions in the book. But these deductions can save you a lot of cash.  If you’re like most people, the aftermath […]

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Major tax breaks for homeowners

Major Tax Breaks for Homeowners

Major Tax Breaks for Homeowners Have you ever wondered what the major tax breaks for homeowners are? If you recently bought a house, you might have found yourself paying a lot of money in the first few years. Between  a downpayment, closing costs, home insurance, and any fees, you might just feel like you’ve signed up […]

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How to talk about money with kids

Eight tips on how to talk about money with kids

Eight tips on how to talk about money with kids ​Successful families talk about finances. Passing traditions, values and beliefs onto the next generation isn’t happenstance. The older generation must cultivate their wisdom and experience and communicate it to the younger generation and learning how to talk about money with kids is no different.Once children […]

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