OSCPA Dollars and Sense Articles

Home Ownership: Are You Ready?

11/10/2009 4:48:13 PM

The purchase of a first home can be an exciting, but stressful time in someone's life. It's also a large financial undertaking, a fact that leaves many people wondering whether they're prepared for this big step.

Tips on Working Into Retirement

11/2/2009 4:17:54 PM

Retirement once meant quitting work forever at age 65. Today, that description no longer applies to many of the millions of Americans who are at or near traditional retirement age.

Getting a Better Price on a New Car

10/28/2009 3:37:52 PM

In recent months, the news has been full of stories about struggling auto makers and declining car sales. While that's bad news for the economy, it can be good news for consumers looking to make an auto purchase because car dealers are anxious for your business.

Avoid Magazine Subscription Scams

10/28/2009 3:36:17 PM

If something sounds too good to be true, it almost certainly is. That's the case with many offers for magazine subscriptions that you may receive over the phone or from someone selling door to door.

Recession Shouldn't be an Excuse for Low Financial Aid Offers

10/13/2009 5:17:09 PM

College costs are an enormous expense for any family, and the price tag seems to increase every year. Learn how to ensure full financial consideration from your college.

Don't let Your 529 Savings Slip Away in an Uncertain Market

10/7/2009 4:22:44 PM

Many families were surprised to find they had lost money in their college funds with recent stock market declines. Find out what you can do to protect your higher-ed investments.

Managing Staff Issues in Troubled Economy

9/30/2009 7:24:36 AM

Managing a staff through a recession can be a tough challenge. Whether it's keeping anxious employees focused on work or making hard decisions about layoffs, company owners often find themselves wondering what the best steps may be.

Avoid Costly Mistakes When Running a Family-Owned Business

9/22/2009 6:23:40 PM

If you work in a company run by your family or plan to start one, then you're not alone. It is estimated that up to 90 percent of all businesses in the U.S. are family owned. They range in size from the corner store to large corporations. These dynamic businesses are a great opportunity for relatives to work together, but they also come with some special challenges.

Cutting Health Care Costs for Small Businesses

9/16/2009 1:42:14 PM

According to a study by the National Small Business Association, more than one-forth of businesses surveyed said their health care insurance rates had jumped more than 20 percent in the past year. Learn how to save money on your employee's healthcare without cutting back on their benefits.

Starting a Business in Uncertain Times

9/10/2009 8:20:35 AM

People who get laid off often entertain the idea of going into business for themselves. But is a recession the best time to start a new company? Find out the fundamentals for business survival.

Five Easy Cost-Cutting Tips

9/1/2009 12:18:11 PM

With everyone feeling the pinch of economic uncertainty, many are searching for ways to cut back on spending. Use these tips to help save your family's green.

Tips for Lowering Mortgage Payments

8/25/2009 4:49:38 PM

As a result of the economy, many people are struggling to pay their home loan bills. If you are one of them, don't despair. There are many options that can help make it easier to keep up with monthly mortgage payments.

Don't Let a Loan Ruin Your Relationship

8/18/2009 4:02:06 PM

Now that banks have tightened their lending standards, it is more difficult�� even for those with strong credit histories �� to borrow money. Many people are turning to friends and family to borrow funds. Be sure to take some smart steps to prevent a loan from damaging your good relationship.

Smart Tips for Holding On To Your Job in a Recession

8/11/2009 8:37:04 AM

Recently the news has been filled with reports of layoffs and job cuts. If you're concerned about job security, there are some steps you can take to recession-proof your career.

Getting a Job in Tough Times

8/5/2009 8:15:38 AM

If you are among the thousands of people seeking work, use these tips to improve prospects and ensure employers see you as the best person for the job.

Five Tips for Shopping At Liquidation Sales

7/23/2009 4:14:25 PM

Everyone wants to avoid wasteful spending and get the most for each dollar, especially in a bad economy. These tips can help you spend your money more wisely.

Choose an Eldercare Facility Carefully

7/21/2009 11:14:23 AM

According to U.S. Census Bureau statistics, one in five Americans will be older than 65 by the year 2050. Some will, by necessity, need to live in a facility that can cater to their changing medical needs. Use these tips to make choosing an eldercare facility for yourself or a loved one easier.

Avoiding Investment Scams

7/14/2009 11:28:18 AM

With the stock market in flux in recent months, many people are looking for ways to earn back the funds they've lost on stocks or to get some positive returns on the money they have left. Learn what questions to ask to save your family from falling victim to a scam.

Is A Reverse Mortgage Right For You?

7/8/2009 8:19:22 AM

Reverse mortgages have become a popular option for seniors who want to reap some of the benefits of the equity built up in their homes. However, it's important to know the pros and cons first.

Is Bankruptcy The Right Choice?

6/29/2009 4:49:38 PM

When bills pile up and times become desperate, many people begin to question whether declaring bankruptcy is a viable option for them. Consider these options first.

Is This A Good Time To Refinance?

6/23/2009 3:35:20 PM

When interest rates fall, it's a good time to consider refinancing a mortgage loan. However, it is important to consider these questions first.

Smart Steps When Renting an Apartment

6/16/2009 4:56:25 PM

This month, many new graduates will be taking the monumental step of renting their first apartment. Learn how to get off to the right start.

Great Gifts for Grads

6/10/2009 11:06:58 AM

Graduation is an important rite of passage for young adults. Use these savvy tips to get the grad in your life off on the right financial foot.

Cutting Wedding Costs

6/2/2009 10:23:23 AM

With the average U.S. wedding cost hovering around $28,000, many couples may give up hope on having the ceremony of their dreams. However, there is hope. Use these savvy tips to have a beautiful wedding on a budget.

Smart Steps for Funeral Planning

5/26/2009 4:24:05 PM

Many people experience anxiety at the thought of planning for a funeral, but a little forethought can ensure that a loved one receives what he or she desires while minimizing unnecessary expenses and stress during a difficult time. Learn how these simple steps can ease your worries during a stressful time.

How to Lower Your Prescription Drug Costs

5/19/2009 8:56:59 AM

Many people struggle to meet the steep price of medications for their families, particularly in a tough economy. Use these tips to make this necessary expense more affordable.

Avoid Mistakes When Borrowing from a Company Retirement Plan

5/12/2009 11:52:42 AM

The troubled economy has taken its toll on many consumers, resulting in job losses, home foreclosures and stricter lenders. Faced with a financial emergency, many people scramble to find available cash. If your family is faced with this situation, learn what to look out for when borrowing money from a retirement plan.

Protecting Your Retirement Savings

5/5/2009 4:11:41 PM

According to Congressional Budget office estimates, retirement accounts have lost somewhere in the neighborhood of $2 trillion. Use these steps now to help protect your investments.

New Parents: Avoid These Financial Mistakes

4/28/2009 1:55:09 PM

A new baby is a joyous addition to any family, but children also bring added financial responsibilities. Learn how to make the right financial choices for your new bundle of joy.

Helping Aging Family Members through Tough Economic Times

4/23/2009 11:16:18 AM

The downturn in the economy has taken a toll on everyone, but senior citizens are often hardest hit by a recession. Learn what you can do to help a struggling loved one.

Dealing with Debt Collectors

4/16/2009 10:39:52 AM

It's not uncommon to fall behind on debt payments, particularly in a troubled economy. If you have missed a payment or two, make sure you know how to handle a debt collector.

Procrastinators Take Heart �� File a Tax Extension

4/13/2009 1:10:43 PM

Taxpayers who procrastinated on filing their taxes this year, now have an easier way to postpone filing without penalty.

Three Scams to Avoid In Tough Times

4/9/2009 12:31:55 PM

While many honest workers have lost jobs in this economic crisis, scam artists are finding ways to stay fully employed by feeding on those in tough situations.

Made a Tax Return Mistake? Answers to Questions about Filing Amendments

4/8/2009 4:28:50 PM

Some taxpayers file their returns on time and later realize they made mistakes. Find out how to fix a tax return boo-boo.

Qualifying For a Mortgage in a Tough Economy

3/31/2009 8:18:32 AM

Getting a mortgage has become increasingly challenging during recent months. Take these steps to increase your chances for approval.

Electronic Tax Payment Options Offer Convenience

3/30/2009 4:34:01 PM

Investigate the three convenient and secure ways to settle tax liabilities without writing a check.

Five Ways to Stretch Your Dollar

3/26/2009 1:00:25 PM

Use these tips to help to get the most out of every dollar.

Smart Ways to Spend Your Tax Refund

3/24/2009 1:57:42 PM

Use your refund check as a second chance to do something smart with your money.

Which Medical Expenses Can Lower Your Tax Bill?

3/17/2009 8:58:08 AM

With healthcare costs skyrocketing, even Oklahomans with health insurance face big medical bills. One form of relief might be in tax deductions for qualified expenses.

Anticipating a Refund? Tweak W-4's and Never Overpay Taxes Again

3/10/2009 1:38:43 PM

Refunds were issued to more than 100 million taxpayers who overpaid their taxes last year. Learn how to keep what's yours and take home a fatter paycheck.

Avoiding a Tax Audit

3/3/2009 8:24:16 AM

While filing taxes may be a chore, taxpayers dread the prospect of facing an audit more. Fiind out how to reduce your family's chances of being audited.

Understanding the Child and Dependent Care Tax Credit

2/24/2009 10:45:27 AM

The child and dependent care credit benefits parents and caregivers who, in order to work or look for work, pay someone to provide care for a child under age 13 claimed as a dependent or for a spouse or dependent of any age who is physically or mentally incapable of self-care. Learn the rules so you can get the maximum credit.

Tax Breaks Help With Disaster Recovery

2/17/2009 11:04:44 AM

When disasters like the February tornadoes strike, taxes usually aren't the first thing victims think about. However, it should be reassuring to know when property is damaged, destroyed or stolen, individuals may qualify for tax relief on losses not covered by insurance.

Talking To Your Kids about Tough Economic Times

2/9/2009 2:13:08 PM

The nation is facing uncertain economic times, a fact that has had an impact on most Americans. It means that many families have tightened their budgets and cut back on spending. Use these tips to help your child learn from this troubled time.

Filing Status Determines Deductions

2/4/2009 8:31:08 AM

Choosing the right filing status is important. It can determine the tax rate that applies to taxable income and how many deductions a person is eligible for.

Don't Overlook Investment and Tax-Related Deductions

1/30/2009 9:16:12 AM

Taxpayers getting ready to file 2008 tax returns will want to be sure they're taking advantage of all the deductions to which they are entitled. Be sure not to over look these most-commonly overlooked deductions.

Five Steps to Take If You're Laid Off

1/21/2009 4:18:36 PM

In a troubled economy, many companies cut back on jobs. Whether you've been laid off or may be in the future, these tips will come in handy to get your family back on a firm financial footing.

How to Choose the Best Bank for You

1/21/2009 4:12:22 PM

When opening a checking or savings account, security and convenience top most consumer lists. Learn how to find the right banking fit for your family.

How to Save On Gasoline Costs

1/14/2009 4:21:26 PM

Whether gas prices drop or hit record peaks again, every driver can benefit from these savvy tips.

How to Set - And Keep - Financial Goals

12/30/2008 8:38:35 AM

What's on your family's wish list for the future? Dreaming of a special vacation? Buying a home or retiring to an exotic location? With these financial planning tips, most of your family's financial goals can be within reach.

Questions to Ask about Service Contracts

12/22/2008 9:43:09 AM

With the holidays over, many stores are slashing prices to clear out older inventory for newer models. While this is a great time to get a deal on big ticket items, it's also a good time to investigate service contracts for those items. Be sure to know what questions to ask before going to the store.

Smart Tips about Gift Cards

12/16/2008 8:57:56 AM

Gift cards can be convenient and thoughtful way to allow friends and family to choose their own presents for holidays and birthdays. However, many times there are hidden fees that can put a damper on the receiver's spending ability.

Be Smart about Holiday Spending

12/10/2008 2:38:45 PM

Showing someone you care doesn't have to break the bank. Use these tips to give without going broke.

Five Quick Steps to Keep More Money in Your Pocket

11/24/2008 5:09:55 PM

These simple money tricks can ease the financial burden on your checkbook this holiday season and for the year to come.

Don't Miss These Last-Minute Tax Breaks

11/24/2008 5:05:36 PM

With Thanksgiving this week and Christmas around the corner, the tax deadline is the last thing most of us want to think about right now. However, now is the time to make sure you've taken advantage of tax breaks available to you before you run out of time.

Legal Documents You Need To Have

11/19/2008 9:06:19 AM

Life is full of uncertainties, so it's a good idea that everyone has these three documents to ensure that their wishes are carried out in case of a serious illness or death.

Making the Most of Education Tax Credits and Deductions

11/14/2008 8:47:01 AM

No matter the approach to funding college tuition, there is financial relief available for qualifying taxpayers footing the school bills.

Making the Most of Student Loans

11/5/2008 8:13:02 AM

This is the time of year when many high school seniors finalize their decisions about college applications. That means their parents are giving serious consideration to how they are going to pay for college education. Follow these simple financing guidelines to ease the monetary burdens of higher education.

Great Ideas for Cutting Your Heating Bills

10/28/2008 1:21:18 PM

Don't let the first winter frost freeze your check book. These four easy tips can help.

Don't Be a Victim of Consumer Fraud

10/22/2008 9:17:03 AM

Consumer fraud is big business. An estimated 13.5 percent of American adults have fallen victim to fraud, according to one Federal Trade Commission study. To avoid losing your hard-earned cash to thieves, take these six basic precautions.

Be Prepared Financially For a Death in the Family

10/22/2008 9:15:33 AM

What would happen to your family's finances if you or your spouse were to die unexpectedly? Would it be easy for the surviving loved ones to get back on their feet financially? Use these tips to protect your family's finances.

Be Prepared For a Disaster

10/8/2008 3:24:35 PM

Last month's hurricanes remind us that natural or manmade disasters can strike at any time. While your family's health and security are the most important considerations, regaining order in your finances is essential for returning to normal life.

Creating Your Small Business Exit Strategy

10/2/2008 5:05:47 PM

Worried about what will happen to your business when you retire? Use these basic tips to lay the proper groundwork a successful succession plan.

Entering the International Markets

9/25/2008 8:51:29 AM

The global marketplace offers tremendous business opportunities, and a growing number of small businesses are taking advantage. Before your business takes the plunge, be sure you have all the facts.

Family Businesses Face Common Challenges

9/9/2008 12:12:26 PM

Unlike large corporations, family businesses carry a list of unique challenges. If you are involved in a family business or plan to start one, use these CPA-recommended tips to overcome issues.

Writing a Plan for a Successful Business

9/5/2008 9:38:24 AM

Many thriving businesses begin with someone's great idea for a product or service. However, it is also necessary to have a solid roadmap for the future. That's why every company - whether a start-up or a long-standing operation �� must to have a business plan.

How Long Should You Retain Financial Records?

9/5/2008 9:35:34 AM

Every year, taxpayers wade through piles of documents to find the information needed to file tax returns. But what happens to all that paperwork once the return is mailed? Knowing how long keep your records can be confusing. Follow these guidelines to keep your records straight.

Understanding Mutual Fund Fees

9/5/2008 9:33:33 AM

Are you overlooking the value of keeping your savings in a mutual fund? There is nearly $12 trillion invested in the nation's mutual funds.

When Should You Begin Taking Social Security Payments?

8/20/2008 3:57:44 PM

Choosing when to retire and start drawing Social Security benefits is an important decision and one that is as unique as the individual who is considering it. It's a decision that shouldn't be taken lightly because it could affect your ability to get a full payment in the future.

Understanding Mutual Fund Fees

8/19/2008 5:41:00 PM

Mutual funds allow you to buy into a diverse pool of investments, including short-term securities, stocks and long-term bonds, among other options. However, before you invest, beware of hidden fees that may affect your investment.

How to Protect Your Financial Privacy

8/6/2008 4:35:54 PM

Identity theft is a growing problem. On any given day, concerns about consumers' privacy being breeched hits the news. Use these simple tips to help keep your personal information private.

Go Back-to-School without Going Broke

8/4/2008 12:57:53 PM

With children wanting the latest trends in clothing, and families trying to continuously clothe growth spurts, the price tag of back-to-school can really add up. These tips can help kick off the school year with some extra cash in your wallet.

Smart Steps to Repair Your Credit Score

7/22/2008 8:51:58 AM

Need to bump that number up a bit? Learn how to give your credit a boost.

Is Your Credit Score Costing You Money?

7/15/2008 2:42:18 PM

Do you know your credit score? In uncertain financial times, even individuals with excellent credit histories may have trouble getting a mortgage or other type of loan. That's why it's important to know your credit score and the effect it may have on your checkbook.

Smart Tips for Getting a Raise

7/10/2008 2:35:25 PM

Are you earning the salary you deserve? In a tight economy, many people are finding that they aren't receiving impressive salary increases when evaluation time rolls around. Find out how to maximize your chances for a fatter paycheck.

Tackling Money Concerns in Remarriage

7/1/2008 2:06:55 PM

Money can be a source of tension in any relationship, but remarried couples often face more trouble. Remarrying couples can these take steps to preserve wedded bliss.

Finances for Two: Newlyweds and Money

6/24/2008 11:04:57 AM

Summer is a popular time for many couples to tie the knot, but before they do, they should make sure they get off on the right financial footing. A total of 84 percent of couples said that money causes arguments in their marriages, according to a magazine survey. Taking the right steps toward financial matrimony now can save a lot of tension and disagreement later.

Avoid Money Mishaps When Children Move Back Into the Nest

6/18/2008 8:16:32 AM

In an uncertain economy, many young adults have decided to spend a few years living with Mom and Dad until they have a stronger financial foundation. CPAs say to be aware of the financial challenges in this situation.

Money-Wise Advice for New Grads

6/4/2008 8:43:18 AM

This time of year, many recent graduates are leaving collegiate life behind and embarking on their first "real" career. It is an exciting time, but it's also a time of new financial responsibilities. Use these handy tips to make sure your grad gets off on the right financial foot.

Don't Let Your Teen Get Caught In a Credit Crunch

5/27/2008 3:04:49 PM

Explaining to your teen the good and bad about credit is necessary in today's world. Learn what, when and how to teach them.

Experts Say Start Early to Raise Money-Smart Children

5/22/2008 2:11:42 PM

Teaching your children the value of a dollar is one of the most important lessons you can teach them. Use these techniques to get a head start on raising money savvy children .

How to Avoid Scams When Searching For Scholarships

5/7/2008 10:28:06 AM

Tuition and fees for almost all universities have been rising drastically. With scholarship dollars often hard to come by, and parents anxious to get them, it's no surprise that scholarship fraud is also on the rise.

Protect Your Child Against Identity Theft

4/29/2008 2:27:35 PM

According to the Federal Trade Commission, the number of cases of identity theft committed against children is on the rise. Using these helpful tips should keep your child's identity safe.

Five Ways to Save On Energy Costs

4/25/2008 10:33:28 AM

Whether you're preparing for the scorching heat of an Oklahoma summer or looking to lower fuel expenses, these simple tips are sure to help you save money.

Oops! Made a Tax Return Mistake? Answers to Questions about Filing Amendments

4/22/2008 1:41:41 PM

Some taxpayers file their returns on time and later realize they made mistakes. However, you can file an amended return to correct your error. Get answers to some of the most frequently asked questions about filing an amended tax return.

Procrastinators Take Heart -- File a Tax Extension

4/22/2008 1:40:42 PM

Taxpayers who insist the April 15 deadline "crept up on them," now have an easier way to postpone filing.

Understanding Medicare Advantage Plans

3/31/2008 10:24:07 AM

While Medicare Advantage plans can be an excellent choice in some circumstances, Congress and many states have investigated abusive sales tactics employed by marketers selling private fee-for-service Medicare Advantage plans. Learn what questions to ask to avoid being taken by fraudulent claims.

Tips for First-Time Home Buyers

3/25/2008 5:00:28 PM

With the mortgage crisis seemingly growing worse by the day, many first-time buyers may be wondering if this is a good time to enter the market. Learn how to ensure your investment in an unsure time.

Tax Tips for Members of the Military

3/13/2008 5:01:00 PM

Tax Time maybe especially troublesome for those who are serving in the armed forces. Find out what special tax breaks and programs available to you.

Best Ways to Spend Your Tax Refund

3/11/2008 2:52:56 PM

Before you run out and by that new Wii, learn some financially healthy ways to spend that refund.

CPAs Answer Tax Time FAQs

3/4/2008 3:29:28 PM

Get expert advice on the most commonly asked tax questions.

Five Signs Your Finances Are In Trouble

2/26/2008 1:26:04 PM

Often people make small mistakes that add up over time to create big financial problems.

Protect Yourself from Tax Preparer Fraud

2/26/2008 11:54:50 AM

While most preparers provide excellent service to their clients, the IRS urges taxpayers to be very careful when choosing a tax preparer. Use these tips to make the right choice.

No Sweat Tax-filing Tips

2/26/2008 11:37:49 AM

As the April 15 tax deadline draws closer, many taxpayers face unnecessary stress about filing 2007 income tax returns. Use these tips to reduce your tax stress this year.

Understanding Medicare Advantage Plans

2/26/2008 11:27:21 AM

Financial Advice for the "Sandwich Generation"

2/21/2008 2:56:50 PM

Many baby boomers are trying to balance caring for an elderly parent while also tending to the needs of their own children. People are living longer, so there's a greater chance that this trend will continue. Use these simple tips to ease the burden.

Oklahoma CPAs Suggest Alternatives to Traditional Valentine's Day Gifts

2/13/2008 10:00:22 AM

This Valentine's Day, consider giving your sweetheart more than candy, flowers and dinner. Find out how to say "I Love You" in a unique way.

Minimize Your Health Care Costs

2/12/2008 11:23:47 AM

The National Coalition on Health Care says typical out-of-pocket expenses consumers pay has jumped more than 115 percent since the year 2000. Learn what you can do to minimize your costs.

Why You Can't Afford To Overlook Tax Credits

1/31/2008 4:29:25 PM

Tax credits can cut your IRS bill in half. Learn which ones your family qualifies for.

Business Deductions Offer a Chance for Lower Taxes

1/31/2008 1:57:53 PM

Employees who pay business-related expenses not reimbursed by their companies may be entitled to valuable tax deductions. Learn what you need to do to qualify.

Tax-Smart Retirement Planning

1/31/2008 11:13:13 AM

Employers are increasingly shifting the responsibility for retirement savings to the employee. Learn simple rules to master your retirement planning.

Sure Steps to Achieve Financial Goals

1/15/2008 3:56:25 PM

Whatever your financial savings objectives are this year,you can turn your financial dreams into realistic goals.

Ring In the New Year with These Financial Resolutions

1/8/2008 10:54:19 AM

Saving money and paying off debt are two of the most common resolutions made for New Year's. Get easy tips to help you keep your money resolutions.

Three Ways to Protect Yourself from Identity Theft.

1/8/2008 10:52:07 AM

Identity theft costs consumers millions of dollars each year. Save yourself the trouble and the money by following these easy steps to help keep you from becoming a victim.