Portfolio rebalancing according to your age and goals is really all about asset allocation. At different stages in your life, your financial concerns shift and so you look for your investment strategy and portfolio to shift too – from growth to income – as you get older. During these uncertain economic times, with market volatility,
Do Bear Markets Present A Potential Opportunity For Portfolios
“Fall Back” – but don’t drop the ball! The S&P is down more than 22% since the beginning of the year, landing it definitively in bear market territory. Historically, bear markets in the U.S. occur, on average, every 4.5 to 5 years, and while they are terrifying, they don’t last forever. In fact, the market
BUCKLE UP FOR BIDEN’S INFLATION REDUCTION ACT AND TAXES
President Biden signed the Inflation Reduction Act—a climate, energy, healthcare, and tax law that increases IRS funding, includes several tax credits, and changes some tax policy to raise tax revenue. Basically, it is a re-brand of the Build Back Better Plan missing some controversial line items. The Inflation Reduction Act of 2022, is a sweeping
TIPS TO CUT YOUR CRYPTO TAXES
Of course there are strategies to minimize how much crypto tax you pay, the key is to understand how exactly crypto is taxed. Maybe you are planning on holding onto your Bitcoin forever – or just waiting for a better exit point. Before you hit the “sell” button, think about how you’re going to deal
Does A Cost Segregation Study Make Sense For Your Property
Looking for tax savings? For clients who are in the real estate, construction, and other related industries cost segregation can be a significant way to take advantage of depreciation up front! A cost segregation analysis is the process of analyzing and reallocating engineering-based costs relating to the construction, renovation or acquisition of a building. Cost-segregation
DEPRECIATION FOR SUMMER SHORT-TERM RENTAL OWNERSHIP
Post-COVID demand for short-term rentals has skyrocketed on sites such as Airbnb and VRBO. Investors are attracted to these properties to generate passive income, and are jumping into the market. Listings are expected to grow another 20.5% in 2022. Since many short-term rental properties are owned as passive investments by non-real estate professionals, any investors
8 MID-YEAR CHECKUP TIPS FOR YOUR MEDICAL OR HEALTHCARE PRACTICE
Spending a little time on mid-year planning will make for a smoother and more successful 2022! Doctors, dentists, surgeons, and other medical practitioners should take a hard look at the last 6 months, and see how close they have come to their operational and financial goals. It may be time to reevaluate and refocus on
How Well Does Your Business Run Without You
Business owners should focus on growing their profits and meeting their sales goals. But to build “value” in your business and make it attractive to buyers, have you ever considered making it a primary goal to set up your business so that it can thrive and grow without you? A business that is not dependent
Tax Tips When Considering a Move to Canada
Almost 900,000 Americans currently reside in Canada. Americans moving out of the U.S. to countries like Canada are still required to file U.S. tax returns in addition to various other disclosures, forms and treaty elections each year. Whether it’s Canadians returning to Canada after residing in the U.S. for a number of years, or simply
Relocations And Remote Work Create Recurring Tax Issues
Taxpayers who moved to another state during the pandemic to work remotely have been dealing with more complicated tax issues, and so have their employers! The pandemic prompted many people to sell or rent their homes to relocate to larger houses and across state lines, creating complex multistate tax issues on both the individual and
