Bookkeeping is crucial for every business, and yet, many beauty salon owners underestimate the significance of this activity. In between booking appointments and ordering supplies, they barely have the time to attend to the bookkeeping and accounting needs of their business.
It’s not uncommon for adult children or siblings to act as caregivers for family members or give them financial assistance for medical or long-term care needs. The problem is that all too often those providing the help don’t take advantage of the tax benefits.
If you’re 40 or 50 and aren’t where you’d like to be in terms of saving for retirement, don’t despair. You can remedy this situation. And since people are living well into their 80s and 90s, it’s never too late to start. Here are a few things you can do.