Financial Tips
Plan Now, Save Later! (Part 1)
If you project that your total itemizable deductions for 2019 will be close to exceeding your applicable standard deduction amount, you should consider batching.
Read MoreHow to Inflation-Proof a Retirement Portfolio
To build a portfolio designed to provide inflation-adjusted income throughout a long retirement, consider the following tactics.
Read MoreHow to Teach Your Kids About Money
Baby boomers were taught to save for a rainy day. The younger generations? Not so much. Still, parents must realize that they are part of the problem – and the solution.
Read MoreToo Many Passwords to Remember? We’ve Got a Solution
By: Donna Bryant, C&R Administration and IT Manager Those pesky passwords. The length, numbers, special characters, capital letters! According to a survey conducted by DataInsider, 70% of respondents reported having more than 10 password-protected accounts online, with nearly 30% having “too many to count”. When asked if they reuse passwords for different accounts, only 11%…
Read MoreHSA Accounts and Their Incredible Long-term Benefits
Pretty much everyone has heard about 401(k) plans, but beyond these – Health Savings Accounts (HSAs) also can be great retirement vehicles. HSAs are tax-advantaged savings accounts for those with high-deductible health plans (HDHPs). The idea is that since those with HDHPs generally have lower premiums but higher out-of-pocket expenses, they need a way to…
Read MoreWhat’s the Best Type of Business Entity for Tax Purposes
There are several major types of business entities, including S Corporations, C Corporations, Limited Liability Companies (LLCs) and being self-employed. Each type of structure has its own advantages and disadvantages when it comes to taxes, assets and liability protection. Generally, certain types of businesses are best for certain professions from a tax perspective; however, with…
Read MoreIntroducing the “Industry Wire”
A new addition to our website this year, is the Industry Wire. The Industry Wire is where you can find informative articles on such topics as: Tax News General Business Stock Market Financial Planning Technology News And more…! You’ll find the Industry Wire in the Resources drop down menu. The content changes every month. Here…
Read MoreNew Client Support Tools – Check them out!
Earlier this year, we added new tools to our website. Our goal is to make it easier for you to get answers to questions any time they come up. Here are a few of the questions, these tools can help answer: Where’s my refund? How many years do I need to keep tax documents? I’m…
Read MoreSelling Your Small Business
Selling a small to medium-sized business is a complex venture, and many business owners are not aware of the tax consequences. If you’re thinking about selling your business, the first step is to consult a competent tax professional. You will need to make sure your financial statements are in order, obtain an accurate business valuation…
Read MoreOwing Back Taxes Could Affect Passport Renewal
Last month, individuals with “seriously delinquent tax debts” became subject to a new set of provisions courtesy of the Fixing America’s Surface Transportation (FAST) Act, signed into law in December 2015. The FAST Act requires the IRS to notify the State Department of taxpayers the IRS has certified as owing a seriously delinquent tax debt…
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