While 2022 started out with some uncertainty about potential tax law changes, very few of the proposed policies that may have impacted high income taxpayers were enacted. The Inflation Reduction Act signed into law in August spared virtually all measures … Continue reading
Category Archives: Tax Tips
17 November 2022
2022 Year-End Tax Planning Strategies for Individuals
15 November 2022
2022 Year-End Tax Planning Tips for Your Small Business
It’s the time of year when we’re immersing ourselves in fall sports, thinking about the holiday season, preparing budgets for next year, and of course, planning year-end tax strategies. Year-end tax planning for businesses will come with more certainty than … Continue reading
The option of portability when planning your estate could make a substantial difference come tax time, especially with today’s generous estate and gift tax exemption amounts. Should you consider this option when planning your estate? Prior to 2010, the concept … Continue reading
25 January 2021
When Does a Gift Require a Gift Tax Return, and Gift Tax?
With lifetime gift and estate tax exemptions at an all-time high, not as many taxpayers will be subject to federal gift taxes. However, that doesn’t mean you won’t have to file a gift tax return come tax time. Nontaxable Gifts … Continue reading
12 August 2020
5 Self-Employment Financial Mistakes
If you work in a traditional job, managing your finances and taxes can be relatively easy. You collect your W-2, write off a few deductions, and you’re done. Your retirement account is being managed by an employer-sponsored retirement fund and … Continue reading
11 February 2020
Is a Donor-Advised Fund Right for You?
Donor-advised funds (DAFs) have been on the up-tick over the past decade. According to the National Philanthropic Trust 2019 Donor-Advised Fund Report, the sky-rocketing growth has led to nearly double the amount of recommended grants—over $23 billion—to qualified charities over … Continue reading
13 October 2014
5 Ways to Remain Cool, Calm, and Collected With Your Finances
Feeling stressed due to a volatile market? Don’t let the ups and downs get you down. Instead of reacting to every bump in the road, remember to focus on your long-term financial goals — everything else is just noise along … Continue reading
30 September 2014
5 Ways to Help Pre-Retirees Balance Goals
5 Ways to Help Pre-Retirees Balance Long- and Short-Term Goals The economy may be on the mend, but Americans are still feeling anxious about retirement. According to the 2014 Retirement Confidence Survey, only 18 percent of U.S. workers reported feeling … Continue reading
10 September 2014
Tracking Charitable Contributions
Cleaning out closets? Making room for new school clothes? Did you know keeping records of charitable contributions (clothing, art, vehicles, etc.) can benefit your tax deductions? Want to know how? Listen NOW! Listen to our podcast on the topic … Continue reading
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