HOW TO START A FINANCIAL HEALTHY NEW YEAR

 

Must of the people start the year with a lot of debts, this is usually called the Financial Christmas Hangover. This is du to the fact that people make a lot of bad decisions during Christmas time. Here we will talk about the five must common and how to avoid it to have a healthy financial January.

First we have to understand that all that start wrong finish wrong, so the best thing to do is to make sure to start right, and even if we make a mistake during the road, the correct path is to shift for the better and keep moving forward fixing any mistake or issue we may encounter.

5 MOST COMMON FINANCIAL MISTAKES IN CHRISTMAS

            1.PEOPLE GOING IN SHOPPING SPREE. Is no need to go to the store and try to purchase the whole store, with things that we do NOT need just to feel good for a few hours. The best thing to do is avoid as much as possible looking at retailers or commercials, turn the blind eye, understand that 98% of the things you want, you do not want it, is just promotional marketing that been implanted into your brain through mass social media in all shapes.

            2. NOT TO SEARCH FOR REAL DEALS. If you need something, just pause for a few days before purchase it, make a plan, even if is inexpensive, must of the time you will see that you do not need that and will not purchase it, now in the case that is something important and really need it, just look for deals, do NOT purchase in the first place you see the Item, just shop around through different retailers, and you will find a good deal, do NOT believe in the sign that says "ALL MUST GO" "75% or 50%" discount, those prices are rigged, if that will be true, the store will loose and no business is in the market to loose. Think about it.

             3. DO NOT ANALYSE IF YOU REALLY NEED IT. like we said before, many of the things you buy, you do not need it, you will proof this point by just, holding the time of the purchase, if you need something, set a date when you will go and look for that item, when that time comes, try to postpone again for further time, if you manage to do this several times without problem, then you will realize, that you do not need to purchase that. If you are a compulsive buyer, what you have to do is, set a date, at least 2 weeks after the time you saw the item, just to shop around, when that time comes, just set another 2 week, to go out to purchase the item, if at any point you find you can postpone or add more time, then you do not need the item.

               4. DO NOT AVOID CREDIT CARDS. the mayor reason why people are in debts beside bad management is the over use of credit cards and their interest, just avoid this tool, use it for emergency only, remember that an emergency is not to purchase a new TV or Purse of your favorite designer. An emergency is to paid for a medical bill or treatment or something related to a child education with a deadline, Emergency is not to book a cruise or trip to the Caribbean for vacation. Know the difference, knowledge is power only when you act upon it. try to save in cash the money for the item you want and when you save the money without sacrificing responsibilities, then you can purchase it.

                 5. USE MONEY THAT IS DESTINED TO OTHER THINGS. beside the credit card debt another mayor problem is when you use money that is destined to other thing for momentary pleasure. Let's say you see a TV that you like, but credit cards are full and you decide to use the rent money, just to purchase the TV. That only will take you to a whole new level of depression. try to understand, that if you can NOT purchase an item in CASH without sacrificing RESPONSABILITIES, then you can NOT have the item, that is a fact.

If you have any questions about this topic or any other please feel free to contact us with any questions.

BASIC GUIDE TO PURCHASE AND REGISTER A CAR IN NEW YORK

 

We usually receive the question on how to avoid been scam at the time of the purchase of a new vehicle in New York, here is a little but effective guide that will take you to the whole process easily.

STEP 1

Before you do anything, please make sure that you really like the vehicle and you feel comfortable on it. This part look so obvious, but in reality you can be purchasing a vehicle not because you like it but because you been push by a salesman or are under stress by a relative or friend advice and is not exactly what you want, but the price look appealing to you and them.

STEP 2

Make sure you can pay the vehicle. This is another point that you think it may be obvious, but in reality, many people get on debt purchasing stuff at credit that they can not afford or sustain, understand that the cost of a vehicle is no the sale price, also depending on the vehicle type, you will pay insurance and registration. which will be in the long run added to the total purchase cost. Be smart and wait for a good deal, there are thousands of really good offers out there but with patience and doing your reporter homework you can find them, and get a deal that you always feel proud about it.

STEP 3

Make sure the vehicle have a tittle. This is another point that may look obvious, but many people buy the vehicle for the price and give the money and start driving, but never register because they never got the tittle, if something happen, you will need to proof that vehicle is yours, worse, the owner of the tittle can claim that vehicle from you and you will have to surrendered even if you give money to who knows who.

STEP 4

This step is attached to the Step 3, always make sure the tittle is clean and do not have a lien. Make sure this vehicle is not been used as a collateral or the owner still owes money on the vehicle, if you purchase this vehicle, you will be responsible for the debt or will loose the vehicle. make sure the tittle is totally clean. Also DMV will ask additional questions and documents, if the tittle have a lien, becuase with the vehicle the debt is also been transferred to you (YES just like that).

STEP 5

Find a respectable mechanic and ask him to review the vehicle for you. Unless you are a mechanic I will advice you to find a good mechanic and ask him to check the vehicle, even if you have to give him a couple of $10 or $20 for the favor. Trust me it will save you more if eventually for not doing this, the vehicle transmission fail, or have an over heating problem, just to mention a few common examples.

STEP 6

Do a bill of sale, or purchase contract, between the seller and you. Go to our site and download an empty form for free. https://vjbrmultiservices.weebly.com/documents.html

STEP 7

Get the contract, tittle and the registration and head to DMV Website and fill the form for the registration. Use the link below.

https://nysdmv.custhelp.com/app/vo/reg-original/Incident.CustomFields.c.ny_county/?_ga=2.251316558.974739205.1603976435-580851565.1591788031

STEP 8

Fill out the Vehicle Tittle Application form MV-82

The link for the form is here

https://dmv.ny.gov/forms/mv82.pdf?_ga=2.178496620.974739205.1603976435-580851565.1591788031

STEP 9

Now if you qualify you will be able to make the whole transaction online and will save a trip to DMV.

You will need to upload the documents that you already have, if you need help with this process, please get in contact with us. If you are unable to do it, please check which location is closer to you and in case due to the Coronavirus you have a to make a reservation here is the link.

review it before head there.

https://dmv.ny.gov/offices/dmv-office-locations#N

STEP 10

If you were able to do all online as requested, you will receive a confirmation email, with more instructions, about missing documents or approval, please read carefully the email. If all is done well, you will receive.

• Plate(s) for your vehicle (unless you requested a transfer of plates from another vehicle you have registered in New York). If applicable, any credit you have will be applied to this transaction.
• Registration window/windshield sticker.
• Registration receipt
• 10-day inspection sticker (if you did not get the vehicle from a New York State auto dealer).
• You will also receive an envelope for submitting original paperwork.

STEP 11

Send all originals in the envelope they provided to you, and make sure the inspection sticker is placed in your car windshield, remember is only valid for 10 days, get your own.

Congratulations, you are now ready to be pull over all the time by the police, and get parking tickets anywhere in New York City. (JUST JOKING).

If you need help with this matter or any other, please feel free to ask or send a message to us.

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Me quitaran mi reembolso en los taxes del 2021 si recibi seguro por desempleo durante la pandemia del 2020?

    A este punto, si estas recibiendo seguro de desempleo, es debido a El Covid19 y si trabajas de tu cuenta o independiente (Self Employ) entonces estas recibiendo la oportunidad del siglo, ya que estas recibiendo dinero del seguro por desempleo para el cual normalmente no calificas.

En esta parte vamos hablar de algunos puntos los cuales si ponemos atención no serán un dolor de cabeza en los próximos meses.

Existe la posibilidad de que su reembolso de impuestos en el 2021 se vea afectado, reducido o anulado debido a la cantidad que haya recibido por desempleo en el 2020 durante la pandemia.

Primero debemos ser conscientes de que en la vida solo existen dos cosas seguras 1 la muerte y 2 los impuestos. Como en la primera no tenemos control, pues hagamos la 2da. Pasajera y leve y sobre todo, de acuerdo con la ley.

Debemos entender lo mas importante y aceptarlo como es, debemos pagar impuestos, la ley establece que todo dinero que se recibe debe de ser evaluado a ver si se debe pagar impuestos, la ley dice que toda ganancia proveniente de alguna actividad debe pagarse impuesto, esto claro esta no es en blanco y negro ya que hay muchas excepciones a la regla y aunque el dinero provenga de actividades, existen situaciones en donde el código tributario ofrece gracias o mínimos que la persona puede obtener y no pagar los impuestos de ley, pero como quiera que sea el caso y el dinero no califique para pagar impuestos este  debe de ser reportado.

Durante el 2020 sucedió que debido al Covid19 el gobierno ofreció un sistema de ayuda adicional de unos 600 extras por semana por encima del desempleo y luego unos 300 extras por semana con una posibilidad de en un futuro unos 400 adicionales por semana (esto todavía al 10/22/2020) se debate en el congreso y NO es seguro.

Muchas personas al recibir sus dinero semanal de desempleo han optado por no pagar impuestos y esto al final de año traerá consecuencias, Entiéndase que ese dinero que se recibe el departamento de labor lo reporta en un formulario llamado 1099-G y esto conlleva a que el IRS de ante mano ya sabe cuanto debe de ese solo formulario.

En otro caso hay personas que ha decidido pagar sus impuestos a medias, debido a que decidieron pagarlos ya después de varios meses haber recibido la compensación, pero han recibido mucho dinero de desempleo debido a las gracias adicionales que se han dado debido a la pandemia y esto en algunos caso no sera suficiente para pagar todos los impuestos que se deben. Estas personas terminaran debiendo al gobierno impuestos, dependiendo de cual sea la forma que reporten.

si usted esta dentro de alguno de estos casos debe planificarse de acuerdo a su situación y comunicarse de antemano con su preparador de impuestos para que le asesore. Usted NO podrá deducir gastos de casi ningún tipo del dinero de desempleo debido a que este dinero lo recibió por no estar trabajando y por dicha razón no tiene que deducir. Entiéndase que en muchos casos la cantidad que recibió va afectar su reembolso en el 2021.

Comuníquese con nosotros para responder cualquier pregunta sobre este u otro tema relacionado a los impuestos, contamos con mas de 22 años de experiencia y podemos ayudarle.

NO espere a ultima hora, para que después no se lamente.