Bailey and Potter, CPA

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Social Security begins taking online applications
WASHINGTON – The Social Security Administration, bracing for the coming eligibility of 80 million baby boomers, is introducing an online application that will allow people to apply for retirement benefits in as little as 15 minutes.

IRS reduces mileage reimbursements rate for 2009
The Internal Revenue Service has reduced the standard mileage reimbursement rate for business miles from 58.5 cents to 55 cents per mile; the rate for use by local and state employees also is reduced.

You Should Be Getting Excited About 2009.
Sometimes it seems there's just no light at the end of the tunnel. Even those of us who try to look at the bright side of things are getting worn down a bit. On the surface, it seems like there is nothing good coming around the corner.

Meltdown 101: Is a strong or weak dollar better?
Would the U.S. economy be better off if the mighty dollar weren't so mighty? The dollar has strengthened against most other major currencies for much of the second half of the year. It recently reversed course, but the big picture remains the same: The Thomson Reuters U.S. dollar index, which measures the dollar's value relative to the euro and the Japanese, Canadian, British, Swedish and Swiss currencies, is still up more than 10 percent from its lows in March.

Return and Exchange Guide for the Holidays
Here are some timely tips as the nearly inevitable post-Christmas returns season gears up, starting December 26.

The Best 3 Ways to Give the Gift of Prosperity
They're the worst possible gift you can give a grandchild, niece, nephew, or any other young person in your life despite they're ongoing popularity. You'd never know how bad they are from the high praise they receive.

Cashing in on Desperation
"This level of undervaluation represents what we believe is a very rare opportunity—one we have never witnessed in more than 30 years of managing convertible portfolios." That's what Nick Calamos recently said about convertible bonds.

Cheapest family in America shares tips for saving money (VIDEO)
With Economides as a last name; America's cheapest family knows all about being economical.

10 Tips for Holiday Fire Safety
With visions of sugar plums dancing in our heads, no one wants to think about fires or devastation around the holidays.

7 Steps to Winterizing Your Home
The changing leaves signal that winter is on the way. The fall months are a great time to examine your home and get ready for all the rain, snow, sleet, and ice soon to be on your roof.