Whether we are your business advisors or your tax preparers, if you are one of the 10,000 Baby Boomers turning 65 every day, your need for retirement planning has never been greater. Retirees need to make three critical shifts in thinking to obtain the most...
There are a few "unofficial" signs that summer is over. The first few cool days in the forecast, the day after Labor Day, and the corporate extension deadline. Well, we are CPAs! So - back to business this 1st full week of September with a few fall...
Want to know how to ensure your child's financial success in the future? One of the best ways to set your children up for success is to start saving for their future now. It’s incredibly beneficial to invest at a young age because they have time...
Yes, I mean really looked at it? For my clients who are employees, this is the time of year that I suggest you really look at your pay stub. Are you taking advantage of all the tax-reducing benefits you are offered? When we meet to do...
This tax season, an often-overlooked tax credit could put up to $8,000 back in families’ pockets. Thanks to a temporary change codified in the American Rescue Plan, parents or guardians can now claim a maximum credit of $4,000 (50% of $8,000 in expenses) for one child, and...
30 million, yes, million - unprocessed paper forms that were received via mail by taxpayers were destroyed before being opened. These forms, including 1099, 1098, W-2, and the like were destroyed by the IRS in March 2021 because the staff could not "keep up" with...
As CPAs, we encounter our clients' life events many times, while each client encounters them just once. This experience allows our team to compare, learn, and develop tools to give expert advice to all our clients. When it comes to transitioning to retirement, Social Security...
They say money can’t buy love, but it can buy heartbreak. Love and finances are exceedingly complex subjects, so it makes sense that it only gets more complicated when you combine them. With Valentine’s Day just around the corner, the AICPA® Financial Literacy Commission encourages...
My advice typically is to strategically plan for your tax obligation throughout the year, thus minimizing your refund at tax time (which is really your money that the government saved for you throughout the year without paying you any interest on it), but many clients like...
Retirement is an exciting time. After a lifetime of hard work, you’re finally ready to focus on family, travel, and hobbies. But just because the work stops doesn’t mean taxes do. When your income is fixed, taxes can take on a whole new hue. Whether...