Insights

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Credit Card Churning: Sweet Rewards or Financial Risk? Weighing the Pros and Cons of This Controversial Strategy

Credit Card Churning: Sweet Rewards or Financial Risk? Weighing the Pros and Cons of This Controversial Strategy

Credit card churning involves strategically opening and closing cards to maximize sign-up bonuses and rewards. While this practice can accelerate points accumulation and unlock valuable perks, it poses serious risks including credit score damage, debt accumulation, and account management complexity. Success requires disciplined execution and careful consideration of evolving issuer restrictions.

QBI Deduction: A Small Business Owner’s Guide

QBI Deduction: A Small Business Owner’s Guide

The QBI deduction offers small business owners up to 20% tax savings on qualifying business income. Learn about eligibility requirements, income limitations, and how specified service businesses face different rules in this comprehensive guide.

How Outsourcing Can Address Your Nonprofit’s Staffing Shortfalls

How Outsourcing Can Address Your Nonprofit’s Staffing Shortfalls

Facing staffing shortages? Instead of overworking remaining employees or relying solely on volunteers, consider outsourcing. This strategic approach can provide specialized expertise, cost savings, and operational flexibility without long-term financial commitments – helping your nonprofit maintain effectiveness during challenging times.