What can the men whose portraits adorn our currency teach us? Washington, Hamilton, Franklin, Jefferson, and even John Adams were not always as good with money as they were building a nation. “The purpose of money is to purchase the freedom to pursue that which was useful and interesting.” – Benjamin Franklin “A people… who
Parents Should Not Sweat Summer Time Child Care Or Camp Expenses
Schools out – you and your husband both work – what’s a parent to do during the summer when child care is soooooooo expensive? The Child and Dependent Care Credit allows families to claim up to 35% of qualifying care expenses – or up to $3,000 for one child or dependent, and up to $6,000
Are Entertainment Expenses Extinct?
Business owners will have to take a hard look at business related meals and the cost of entertaining an existing or potential client under Tax Reform. The Tax Cuts and Jobs Act of 2017 sought to further limit the deductibility of some meals and most entertainment expenses, but some important exceptions still apply. Because the
Prepared for Disaster
Make sure your company is prepared for any disaster. What could stop your company from operating for a day, a month or a year? A flood or fire? Perhaps a key supplier shuts down temporarily or permanently. Or maybe a hacker or technical problem crashes your website or you suddenly lose power. Whatever the potential
Why Diversify?
There is an old, old saying – “Don’t put all your eggs in one basket!” This piece of advice is still perfectly applicable to the ever new, changing world of investing, because diversification reduces risk. By varying financial instruments, asset classes, companies, industries, geographical locations, etc., you are hedging against a singular event, or series
A SEP May Be Your Simplest Retirement Solution
A Simplified Employee Pension, or SEP IRA, is a basic retirement account much like a traditional IRA. SEP IRA contributions are tax-deductible, and investments grow tax-deferred until retirement, when distributions are taxed as income. A SEP IRA may be a better choice for you…. If you have employees and want to choose which years to
Questions to ask before expanding to new location
4 tough questions to ask before expanding to a new location Is business going so well that you’re thinking about adding another location? If this is the case, congratulations! But before you start planning the ribbon-cutting ceremony, take a step back and ask yourself some tough questions about whether a new location will grow your
Is a REIT Right for You?
Most folks would find it challenging to build a commercial real estate portfolio on their own. But using a Real Estate Investment Trust or REIT, an individual can buy a share in a commercial real estate portfolio and make money the same way the big real estate investors do: receiving income generated by renting, leasing
Monthly Client Spotlights
Never Ignore an IRS Notice
The IRS sends notices and letters for many reasons after tax season: There is a balance due You are due a larger or smaller refund There is a question about your tax return Income is underreported (see more below) There is a need to verify your identity Additional information is needed Your return has been
