TAX LAW CHANGES FOR THE 2021 TAX SEASON

Posted by Kristi Cherry, CPA®
On February 18, 2021

It has obviously been a very unique time in all aspects of life, including tax law changes. The future of many tax laws in place due to the Tax Cuts and Jobs Act of 2017, The Secure Act, and The CARES Act remain unknown at this time as a new administration takes over this month. But, as of right […]

MONEY-SAVING TAX TIPS THAT YOU CAN FEEL GOOD ABOUT

Posted by RAA
On December 2, 2020

Despite the uncertainty in our world and the media, your financial situation never stands still and it’s important to remain proactive. With that in mind, there are things you can do that save you money and, if you’re able, allow you to support a cause you find meaningful. Here are some tips that may help you lower your tax burden and participate in charitable giving.

END OF THE YEAR FINANCIAL CHECK-UP

Posted by Kat Schraeder, CFP®
On November 19, 2020

With all of the changes occurring this year, an often-overlooked area that may need rejuvenation is your financial health. The end of the year is the perfect time to reevaluate your financial situation and ensure you have all of your major financial bases covered to start the new year off right. The checklist below will […]

3 Ways to Protect Your Retirement Savings & Pay Yourself

Posted by Gary Krasnov, AIF®, CLTC®
On September 29, 2020

Once you retire, how do you protect your portfolio so that it preserves principal and generates adequate income? While challenging, it helps to think of retirement as the time in life when you are going to be paying yourself. Yes, paying yourself, but with a small caveat.

WHICH TAX EXTENDERS COULD AFFECT YOU?

Posted by Kristi Cherry, CPA®
On March 3, 2020

On December 20, 2019, President Trump signed the new federal budget into law, which contained several key tax extenders (expired or expiring tax provisions). While the sweeping SECURE Act generated most of late December’s headlines, tax professionals were closely monitoring two affiliated budget bills (H.R. 1158: Consolidated Appropriations Act and H.R. 1865: Further Consolidated Appropriations […]

TAX LAW CHANGES FOR THE 2020 TAX SEASON

Posted by Kristi Cherry, CPA®
On January 13, 2020

In November of last year, the IRS announced tax inflation adjustments and other tax changes that will go into effect for the 2020 tax season. It’s important that you take these changes into consideration as you build out your financial plan for this year. 

HOW TO MANAGE AN IRS AUDIT

Posted by Kristi Cherry, CPA®
On July 2, 2019

No one wants to receive that dreaded letter from the IRS saying you will be audited. Going through the audit process can be intimidating, confusing, and time-consuming. Although the likelihood of an audit is small, it’s quite possible that you or someone close to you will go through the process at some point in your […]

YOUR CPA, YOUR ADVISOR, AND YOUR FINANCIAL PLAN: WHEN TWO HEADS ARE BETTER THAN ONE

Posted by RAA
On December 11, 2018

When it comes to your long-term financial plan, it’s essential for the advice you receive to account for your overall needs and financial picture. This is especially beneficial when understanding and planning for the impact tax-related factors might have on your financial success. Because taxes can play a key role in your financial outlook, we […]

5 WAYS TO AVOID IDENTITY THEFT AT TAX TIME

Posted by Michael Kane, CFP®
On March 13, 2017

It is a great time of year to revisit your financial and investment plans as you prepare to file your annual tax returns. Unfortunately, it’s also a time of year in which identity thieves target unsuspecting taxpayers. One of the most common thefts committed around tax time involves the filing of fraudulent refund claims using […]

TIPS FOR REDUCING YOUR TAX BILL

Posted by Brad Bridgewater
On February 3, 2017

With spring comes the anticipation of warmer weather and flowers in bloom. Unfortunately, spring also finds a lot of us scrambling to answer two important questions: How do I reduce my current tax bill, and what can I do to reduce next year’s tax bill? Here are some tips to help you reduce your liability […]