RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Thu, 16 Sep 2021 09:00:00 -0500 Thu, 16 Sep 2021 09:00:00 -0500 Tax Efficiency in Retirement Will you pay higher taxes in retirement? It's possible. But that will largely depend on how you generate income. Will it be from working? Will it be from retirement plans? And if it does come from retirement plans, it's important to understand which types of plans will be financing your retirement. Thu, 16 Sep 2021 09:00:00 -0500 What Is a Designated Roth Account? If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 Verifying Your Identity When Calling the IRS If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 Tax Rules for Divorce and Alimony Payments Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 Tax Relief for Those Affected by Natural Disasters Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 Six Things To Know Before You Start a Business Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 Key Tax Changes Could Affect Your Tax Situation in 2021 There were several key tax provisions in the American Rescue Plan Act of 2021 that could affect your tax situation. Child Care Credit, Dependent Care FSA, and EITC are all affected. We have listed these below so that you can be prepared. Tue, 17 Aug 2021 09:00:00 -0500 Which Educator Expenses Are Tax Deductible? Teachers and other educators should remember that they can deduct certain unreimbursed expenses such as classroom supplies, training, and travel on their tax returns to reduce the amount of tax owed. Sun, 01 Aug 2021 09:00:00 -0500 Retirement Plan Options for Small Businesses Employer-sponsored retirement plans are a key component of retirement savings. If you're like many small business owners in the United States, you may be considering the various retirement plan options available for your company. Sun, 01 Aug 2021 09:00:00 -0500 Opting Out of the Monthly Child Tax Credit Payment While many families will benefit from the extra money deposited into their bank accounts, some may want to opt out and instead take the Child Tax Credit when they file their tax return next spring. Sun, 01 Aug 2021 09:00:00 -0500 Minimizing Capital Gains Tax on Sale of a Home Learn how to avoid capital gains tax and why home improvements that qualify for the residential energy property credit can make a difference when selling your home. Sun, 01 Aug 2021 09:00:00 -0500 Key Tax Changes Could Affect Your Tax Situation in 2021 Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Here's what you need to know. Sun, 01 Aug 2021 09:00:00 -0500 Building a Solid Financial Foundation When you read about money matters, you may see the phrase, â??getting your financial house in order.â? What exactly does that mean? Wed, 21 Jul 2021 09:00:00 -0500 Insuring Your Business Against Cyber Liability As evidenced by news of large-scale data breaches, online hacking has become another form of risk that businesses now face every day. Like many risks, businesses can insure themselves against the financial damage a cyber-attack may inflict Thu, 20 May 2021 09:00:00 -0500 Helpful Retirement Strategies for Women Preparing for retirement can look a little different for women than it does for men. Wed, 31 Mar 2021 09:00:00 -0500 ERTC offers signficant relief to employers Common questions and answers about the tax credits available to small firms through the Employee Retention Tax Credit. Mon, 08 Mar 2021 09:00:00 -0600 A Tax Checklist for Newly Married Couples Marriage changes a lot of things and taxes are on that list. Newlyweds should know how saying �?�¢??I do�?�¢?�?� can affect their tax situation. Wed, 11 Nov 2020 09:00:00 -0600 The A, B, C & D of Medicare Whether your 65th birthday is on the horizon or decades away, understanding the different parts of Medicare is critical, as this government-sponsored program may play a role in your future health care decisions. Mon, 19 Oct 2020 09:00:00 -0500 Your Emergency Fund: How Much is Enough? Your ideal emergency fund may depend on your financial situation and lifestyle. Thu, 03 Sep 2020 09:00:00 -0500 Investing for Impact Many investors are looking to build a portfolio that reflects their socially responsible values. Thu, 03 Sep 2020 09:00:00 -0500 College Students & Families Can Benefit from the SECURE Act Learn about several SECURE Act provisions offer advantages for younger investors who are raising families and paying off student loans. Wed, 15 Jul 2020 09:00:00 -0500 7 Ways to Separate Your Personal and Business Finances Certain things don't mix well, like your personal finances and your business accounts. Don't know where to start with separating out your personal and business finances? Let's look at some easy ways to do it. Thu, 14 Mar 2019 09:00:00 -0500 Value vs. Growth Investing Value and growth investing are two very distinct approaches, and it's good to understand these schools of thought as you invest. This understanding could help you make important investment decisions, both now and in the future Fri, 01 Mar 2019 09:00:00 -0600 IRS says tax season will begin January 28th Keeping you informed about the impact of the partial government shutdown will have on filing your 2018 taxes. Thu, 17 Jan 2019 09:00:00 -0600 Tax Deductions Gone in 2018 The New Tax Law increased the standard deduction by nearly double, but also eliminated many popular tax deductions. What spending behavior might change as a result? Thu, 27 Sep 2018 09:00:00 -0500 Underappreciated Options for Building Retirement Savings Health Savings Accounts, "Backdoor Roth IRAs, cash value life insurance, cash balance pension plans and the Savers Credit deserve a second look as ways to build retirement savings. Wed, 19 Sep 2018 09:00:00 -0500 Tax Moves to Consider in Summer Now is a good time to think about estimated tax payments, investment income, recently married or divorced, withholding, Flexible Spending Accounts and your retirement account. Tue, 04 Sep 2018 09:00:00 -0500 Are You Insured? Many people ask if life insurance is really worth the cost, and the simple answer is yes. Growing families need adequate coverage, and life insurance can also be valuable when you are alive. Sun, 02 Sep 2018 09:00:00 -0500 The Importance of a Life Insurance Audit Many people overestimate the cost of life insurance, and it's invaluable when a crisis hits. Take the time to review your policy with a professional. Fri, 29 Jun 2018 09:00:00 -0500 Dos and Don'ts for Taxpayers Who Get a Letter from the IRS If you receive a letter from the IRS, it's most likely routine - but be sure to open and read it. You may need to take action. Thu, 21 Jun 2018 09:00:00 -0500 The Case for Women Working Past 65 Staying in the workforce longer may improve a woman's retirement prospects. Learn why striving to stay in the workforce a little longer may make financial sense. Wed, 20 Jun 2018 09:00:00 -0500 Retiring Before Age 60 If retiring in your fifties is your dream, realize you may live into your 90s - another 40 years! Think about having abundant savings, life insurance, and an HSA to help. Mon, 09 Apr 2018 09:00:00 -0500 The Latest on Record Keeping Even with less itemizing, there are still tax documents you want to retain for years to come. Fri, 30 Mar 2018 09:00:00 -0500 How the Tax Reforms Will Take Effect Some highlights of what will change with the new Tax Cuts and Jobs Act. Most take effect in 2018, some in 2019. and a2 may apply retroactively for 2017. Thu, 08 Feb 2018 09:00:00 -0600 Year-End Charitable Giving Many Americans make charitable donations part of their holiday gift-giving. Here are a few things to keep in mind this year. Mon, 18 Dec 2017 09:00:00 -0600 Are Your Heirs Prepared to Inherit Your Wealth? There are three degrees of estate planning: advanced, basic, and none at all. Basic is better than none, but elementary estate planning can still leave something to be desired. While appropriate documents may be in place, they may not be able to fully convey what you really want to do with your estate. Here's some advice about how to explain the "why?" of your estate planning decisions. Thu, 16 Nov 2017 09:00:00 -0600 How Much Should You Save By Age 30, 40, 50, or 60? Use these simple guidelines to discover whether you're on track to have enough of a nest egg for a comfortable retirement. Wed, 11 Oct 2017 09:00:00 -0500 12 Tips to Reconstruct Your Records When Disaster Strikes Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. Thu, 05 Oct 2017 09:00:00 -0500 Managing Cash Flow is a Snap if you Budget Cash flow is a process of ensuring that your business has enough money to operate through the ups and downs of your business cycle. It's easy to do if you budget. Thu, 24 Aug 2017 09:00:00 -0500 Financial Priorities Young Families Should Address Parenting brings added financial responsibility and concerns. This article discusses the basics of insurance coverage, college planning, estate planning and creating an emergency fund. Thu, 17 Aug 2017 09:00:00 -0500 One Couple, Two Different Retirements? Retirement planning is about the pursuit of a happy outcome ? a fun and emotionally rewarding ?second act? that spouses and partners can share. Sometimes that means you and your significant other will pursue different daily lives - here are some things to consider. Thu, 15 Jun 2017 09:00:00 -0500 10 Things Taxpayers Should Know Before April 17th Here are some tips from the IRS that could save you money and stress during tax time. Wed, 29 Mar 2017 09:00:00 -0500 Good Retirement Savings Habits Before Age 40 Six easy retirement planning tips for people in their 30s and 40s. Thu, 20 Oct 2016 09:00:00 -0500 Four Easy Ways to De-Stress about Estate Distribution Four ways to simplify things for your family after you're gone and make sure your wishes are known and understood. Wed, 13 Jul 2016 09:00:00 -0500 Will the NC Sales Tax Changes Affect Your Business? Worried the changes in North Carolina's sales tax might require your business to collect sales tax? This post analyzes the law, let's you know who needs to worry about it, and gives you references. Wed, 25 May 2016 09:00:00 -0500 Reducing the Risk of Outliving Your Money Many people are unaware of all the financial factors contributing to a comfortable retirement. Here are several ways to remove risk and ensure peace of mind. Tue, 05 Apr 2016 09:00:00 -0500 When It's Time to Sell Your Business Successful business owners focus on growing their business, yet there comes a time for most to move on. Whether retirement, illness, or a new challenge is the reason, planning for the exit is just as important as planning the start-up. Here are some things to think about. Wed, 23 Mar 2016 09:00:00 -0500 Navigating the Digital World Get of routine and mindless tasks by using technology to stay in touch with customer, pay mills, and store documents. Fri, 04 Mar 2016 09:00:00 -0600 Financial New Year's Resolutions Four tips to help you create money habits that will help assure a prosperous 2016. Fri, 19 Feb 2016 09:00:00 -0600 Planning a Drop and Swap Need to end a Real Estate partnership? Consider a Drop and Swap. Thu, 12 Nov 2015 09:00:00 -0600 Asheville is Anything but Apathetic Carol Blog post 9.11.15 Fri, 11 Sep 2015 09:00:00 -0500 The Big Economic Mystery of 2015 If the economy is healthy, why are retail sales so poor? Tue, 19 May 2015 09:00:00 -0500 Buying a Home with Your Partner Some things to consider when you're buying a house with someone who's not your spouse. Sat, 25 Apr 2015 09:00:00 -0500 What's Really Going on During Tax Season? Article about taking advantage of the IRS' new rules on capitalization and depreciation. Mon, 13 Apr 2015 09:00:00 -0500 How Can I Save Enough for Retirement? Carol discusses an innovative way young clients can save for retirement AND buy insurance. Fri, 06 Feb 2015 09:00:00 -0600 Do I Have Enough Money to Last the Rest of My Life? When life becomes overwhelming, simple strategies like budgeting and talking with a trusted advisor can help you find the pathway. Mon, 26 Jan 2015 09:00:00 -0600 Is the IRS Striking Back? summarizes a recent interview with IRS Commissioner John Koskinen expressing concern about the Agency's $600 million operating deficit. Mon, 29 Dec 2014 09:00:00 -0600 Expenses Worth Eliminating in 2015 5 everyday ways to save money in 2015, from a recent US News article by Tony Armstrong. Tue, 23 Dec 2014 09:00:00 -0600