Bellevue Tax Accountant

What's New in Financial Strategies Check your credit card fees  Credit card companies are making more money than ever from the fees they charge their customers. Six years ago, fees made up 18% of income for credit card companies; last year fees accounted for 35% of their income. Companies are changing the rules governing the fees they charge. Be aware of this fact, or you may end up with extra charges on your credit card bill even though your payment pattern hasn't changed. Bills are being sent later in the cycle, leaving you with less time to pay before penalties apply, and grace periods are being shortened by some companies. Penalty charges can raise the effective interest rate you pay — in some cases to almost 22%. Watch for fees charged by the credit cards you use if you want to avoid expensive surprises. © copyright 2004

Caution:  This is an archived copy of the Huddleston Tax Accountants Tax Newsletter.  Tax laws change often.  Do not rely on this information without discussing the implications with your tax accountant.   Additional tax accountant information is available at these important sites:   IRS Forms & Publications from Bellevue Tax Accountant State Forms from Bellevue Tax Accountant

Information provided by John Huddleston.  John Huddleston is a tax accountant serving Bellevue, Kirkland, Redmond, Bothell, Kenmore, Lynnwood and Shoreline.  Mr. Huddleston focuses on the needs of small business.   Email: john@huddlestontax.com   Website: Bellevue Tax Accountant Bellevue Tax Accountant