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Understand the ‘Rule of 72’ to Make Personal Finance Decisions
Though everybody wants their money to grow, few people understand the best way to make that happen. It’s all about where you choose to...
Oct 25, 20212 min read


Required Minimum Distributions Have Resumed for 2021
When Congress established tax-favored retirement plans, they allowed taxpayers to take a tax deduction for the amount of their allowable...
Oct 15, 20216 min read


Mega-Rich Backdoor IRA Strategies May Backfire If New Tax Bill Passes
While it’s usually true that the “rich get richer,” a proposed tax code will prove a remarkable exception if the House has its way. The...
Oct 12, 20212 min read


Possible tax bill makes fall tax planning a wise move
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can...
Oct 11, 202110 min read


Post-Pandemic Savings Burning a Hole in Your Pocket?
Not to overstate the obvious, but the last 18 months have seen major modifications in the ways that most Americans spent their money....
Sep 15, 20212 min read


Complications to the IRA-to-Charity Distribution Provision
Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress...
Sep 14, 20213 min read


Protect yourself from an unqualified tax preparer: Choose a CPA
Anyone preparing a tax return for compensation must have a PTIN issued by the IRS, but there are no requirements associated with...
Aug 13, 20212 min read


Minimizing Tax on Social Security Benefits
Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues. The following...
Aug 10, 20213 min read


Make full use of Roth Individual Retirement Accounts
We’ve all heard the term “the rich get richer.” According to a report released from ProPublica, it turns out that one of the ways that...
Aug 4, 20213 min read


How Can You Save a Business After the Owner Dies?
When you’re in the midst of building or growing a business, the last thing on your mind is what happens if the owner suddenly dies. If...
Aug 2, 20216 min read


The Many Benefits of 401(k) Profit-Sharing Plans
If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a...
Jul 30, 20213 min read


Contemplating Refinancing Your Home Mortgage?
With home mortgage rates at historic lows, it may be appropriate for you to consider refinancing your current mortgage. However,...
Jul 28, 20214 min read


Sole Proprietorships – Don’t Overlook the Liability Issues
If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole...
Jul 13, 20212 min read


Tax Issues Related to Renting Your Vacation Home
Do you own a second home at the beach, in the mountains, or some other getaway location, or are you thinking about buying one? If so,...
Jul 9, 20215 min read


Exit Strategy: How to Create One for Your Small Business
Owning your own small business is a dream that few are fortunate enough to realize, but even those new to the joys of entrepreneurial...
Jul 9, 20215 min read


7 Different Types of Income Streams for Your Business
No matter what type of business you operate, you rely on having a predictable flow of income to keep your bills paid. If you only have a...
May 28, 20214 min read


COVID-19 Relief Bill Update
On December 21, Congress passed a much needed COVID-19 relief bill and the President is expected to sign the bill today. The key points...
Dec 22, 20201 min read


Safety tips for online purchases
With an increase in online shopping this year, you’re probably already practicing basic online and mobile safety. But there are some...
Dec 14, 20201 min read


2020 phaseouts of tax provisions
The Tax Policy Center has an excellent article regarding phaseouts. As they explain, "preferences in the tax code phase out for...
Dec 11, 20201 min read


Tax Issues to Consider for New Businesses
In spite of COVID-19 restrictions many entrepreneurs are considering possible new or additional business opportunities. So, if you are...
Dec 7, 20207 min read
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