Financial Tasks to Tackle in the Month of May
2023-05-01
Now that spring is here, it might be a great time to give your finances a fresh look. Here are a few key items to put on your May to-do list…Read More →
How Volunteering Can Earn You a Big Tax Deduction
2023-04-01
Most people volunteer out of a sense of altruism, duty or purpose – not to get a tax deduction from Uncle Sam. At the same time, if your good deeds could also result in lower taxes, why not? Theoretically, this…Read More →
Different Ways to Value a Business
2023-04-01
When it comes to valuing a business, there are many ways to examine a company’s profitability. Looking at a business’ liquidation value and its breakup value are two of…Read More →
Mega Backdoor Roth IRA
2023-04-01
The Roth IRA is a retirement savings account in which you invest only after-tax dollars. Subsequently, all earnings grow tax-free and may be withdrawn tax-free. However, there are limits to who can contribute and how much they can contribute…Read More →
6 Tax Tips for 2023
2023-04-01
It’s that time of year again: tax time. And while many of your money-saving options might be limited after Dec. 31, there’s still a lot you can do to help lower your taxes, save money and avoid penalties. Here’s a quick…Read More →
Sold Your Home Last Year or Plan to in 2023? If So, Here’s What You Need to Know
2023-03-01
The U.S. housing market has been extremely volatile over the past year. Year-over-year growth rates were at highs of 20.1 percent in April 2022, then declined to only 8.6 percent in…Read More →
How Secure 2.0 Will Impact Employers’ Tax Situations
2023-03-01
The Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022, otherwise known as SECURE 2.0, is a piece of legislation that focuses on how employers and their employees are able to save for…Read More →
Multigenerational College Planning with a Family Dynasty 529 Plan
2023-03-01
The College Savings 529 plan offers a way for modest-income families to save and invest for college expenses for their children as early as birth up to college age. When invested 529 funds are used to pay for the beneficiary’s qualifying…Read More →
7 Steps to Start a Business
2023-03-01
The idea of starting your own business is inherently romantic, if not exhilarating: You get to run the show, flesh out your ideas and live your dream. But where do you begin? Here are seven smart steps to get you started – and help…Read More →
Key Deadlines and Changes for the 2023 Tax Season
2023-02-01
Every year, typically right after the new year starts, the IRS formally announces key dates and deadlines for the current tax season. Recently, the IRS made the announcements for the current 2023 tax season…Read More →