Nov 1, 2016 | financial planning, tax deduction, taxable income, taxes, Uncategorized
During the year you may have been the recipient of unexpected funds (money!!!). Some are from a good fortune; others are from an unfortunate incident. If you have been involved in one of these situations there are tax consequences to consider. Some are short term...
May 26, 2014 | financial planning, taxes
Summer is the time that most of us clean out our closets and all that paper that has accumulated over the years. Many have called to ask “How Long Do I Need To Keep My Tax Records?” Unfortunately, there is no ONE answer to this question. The main reason...
Jun 19, 2013 | financial planning, taxes, Uncategorized
Think of a Roth IRA as a long-term savings/investment account that you can add to annually or withdraw from when needed. There is no penalty or tax when withdrawing your contributions. The funds you earn on this account are tax free if the account is open for...
Jun 10, 2012 | charities, donations, financial planning, tax deduction
A major problem in our society today is DEBT. It effects all of us directly or indirectly. It keeps us up at night, tears families apart and creates havoc in our lives. While most of us can’t avoid debt; we can manage it by following these basic rules: ...
May 18, 2012 | charities, financial planning, taxes, Uncategorized
We are now in the middle of a two-year window of an opportunity for you to transfer wealth to other individuals. The three opportunities are as follows: Annual Exclusion Gifts – You can give up to $13,000 per year to as many people as you like. The individual...
Feb 2, 2012 | financial planning, tax deduction, Uncategorized
The government has provided for some new tax incentives for small businesses in 2011 forward. Please review the following incentives. They may help you when making management decisions and help your business grow. Bonus depreciation is available when purchasing NEW...
