How to save taxes? Let’s count the ways.

Summary of 2024 Business Retirement Plans

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Are there exceptions to the 10% early withdraw Penalty?

Actually there are quite a few. Here’s a partial list.

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How to avoid a “BIG” tax problem

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Why you should start a 529 Plan for your 2 year-old child

Start the 15-year clock! Open a 529 plan for each child today. It doesn’t take thousands of dollars or in some cases even hundreds of dollars-maybe as little as $100 to open this savings account. By opening it now the parent can start the 15-year savings clock so that all earnings in the account are…

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More Security from the Secure Act 2.0

At What Age Does the Government Require the RMD? The chart below gives you the age when you have to start taking RMDs: Your Birth Year Your Mandatory RMD Age 1950 or earlier 72 (70.5 for those who turned 70.5 before 2020) 1951-1959 73 1960 or later 75 When Do I Have to Take My…

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How to save taxes? Let’s count the ways.

For advanced clients only

For our clients who have advanced knowledge of the dangers starting January 1 (to join this group, Click Here and…

Road warning sign on fiscal cliff

The fiscal cliff in graphic form

Hollywood’s Friday the 13th and Freddy Kruger can’t begin to compare to how scary this picture promises to be. Coming…

Specific info on the Fiscal Cliff

  Detailed information of the peaks and valleys of the Fiscal Cliff Our last newsletter (see this link) contained general…

The Dark Knight vs. H&R Block

Bruce Wayne (aka Batman) may be out to get Block (H & R), not the villainous Bain. Seems like  H&R  did a…

Voter dropping ballot into box

Is there a way to deduct my political donation?

  Is there a way to deduct a political donation?  The answer may surprise you.     More than most…

Breaking tax news for 2013!

IRS just announced the new (and higher) limits on 401(k) plans etc. Here’s a summary for use in 2013 tax planning.  …

A Tale of Two Tax Plans

With apologies to Charles Dickens, here’s an easy to understand graphic of how the upcoming tax plans measure up. Source: www.backtaxeshelp.com

Back to School, Back to Practice: What You Need to Know About Your Insurance as a Volunteer Coach

As children return to school across the country, families know that can also mean a return to the practice field,…

Graph chart on investments

Your Cheating Chart (from the Journal of Accountancy)

To paraphrase the country western song, your cheating chart is going to tell on you! Fellow CPA Carlton Collins shows…

Helpful Tools for Clients

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The first thing that you should look for in your Financial Advocate is the right attitude.

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