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Blog

Cloudy blue sky with 2 white street signs. 401k Limits n one and IRA Limits on the other
Posted in: Retirement Planning

Retirement account catch-up contributions can add up

July 19, 2023 0

Retirement account catch-up contributions can add up

If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here […]

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Invoice,concept,cell,background, D,illustration
Posted in: Business Planning & Consulting

Strong billing processes are critical to healthy cash flow

July 12, 2023 0

Strong billing processes are critical to healthy cash flow

Once a business is up and running, one fundamental aspect of operations that’s easy to take for granted is billing. Often, a system of various processes […]

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Deskscape of a notepad with the phrase Estate Tax Basis Planning and also a plant. glasses and pen.
Posted in: Estate Planning

Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”

July 11, 2023 0

Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How do the […]

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Senior African American Couple Using Laptop
Posted in: Tax Planning

Are Your Social Security Benefits Taxable?

July 10, 2023 0

Are Your Social Security Benefits Taxable?

Many retirees have seen their social security benefits increase in 2023 due to a cost-of-living adjustment that was higher than in the past years.  Further […]

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Hands typing on keybard with the headline TAX SCAM
Posted in: General

That email or text from the IRS: It’s a scam!

July 6, 2023 0

That email or text from the IRS: It’s a scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through […]

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Solo, K,text,in,search,bar.,businessman,looking,for,something
Posted in: Retirement Planning

Solo business owner? There’s a 401(k) for that

July 5, 2023 0

Solo business owner? There’s a 401(k) for that

If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a 401(k) might seem […]

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Illustration of a hand holding a bag of money over another hand that is outstretched on a light blue background
Posted in: Estate Planning

Deciding When to Transfer Wealth: Factors to Consider

June 30, 2023 0

Deciding When to Transfer Wealth: Factors to Consider

Should you transfer wealth during your lifetime or transfer it to heirs after your death?  Answering this question can be complicated because many factors are […]

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Tax,penalty,word,on,calculator.,business,and,tax,concept.,time
Posted in: Tax Planning

The Trust Fund Recovery Penalty: Who can it be personally assessed against?

June 29, 2023 0

The Trust Fund Recovery Penalty: Who can it be personally assessed against?

If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust […]

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Workers In Family Business Standing Next To Van
Posted in: Tax Planning

Hiring family members can offer tax advantages (but be careful)

June 23, 2023 0

Hiring family members can offer tax advantages (but be careful)

Summertime can mean hiring time for many types of businesses. With legions of working-age kids and college students out of school, and some spouses of […]

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Mother and son sitting at the table working on a science project
Posted in: Retirement Planning

Are you married and not earning compensation? You may be able to put money in an IRA

June 22, 2023 0

Are you married and not earning compensation? You may be able to put money in an IRA

When one spouse in a married couple is not earning compensation, the couple may not be able to save as much as they need for […]

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Business,documents,and,touchpad,with,charts,on,desk
Posted in: Business Planning & Consulting

In financial planning, forecasts and projections aren’t the same

June 15, 2023 0

In financial planning, forecasts and projections aren’t the same

Businesses are rightly encouraged to regularly generate professionally prepared financial statements. Doing so is important for both understanding your own financial position and providing accurate, […]

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Calculator with read out MEDICAIRE on top of dollar bills next to a spilled bottle of pills
Posted in: Tax Planning

When can seniors deduct Medicare premiums on their tax returns?

June 13, 2023 0

When can seniors deduct Medicare premiums on their tax returns?

If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you […]

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