Our Financial Blog
Business Tax Preparation Checklist – What to Gather Before Filing
Tax season can feel overwhelming for business owners - especially when documents are scattered across different accounts, systems, or locations. Having everything organized ahead of time not only speeds up the filing process but also helps ensure nothing important is...
Where do Your Tax Dollars Go?
Many people wonder where their tax dollars actually go. While exact allocations change from year to year, this simplified breakdown provides a general overview of how federal spending is typically distributed.
Individual Tax Prep: Documents Checklist
Waiting on a few documents for your tax return? Use this simple checklist to see what may still be needed to complete your tax preparation.
Set Your Financial Records Right, Part 4
So now that I have covered some of the records you need to keep in your home filing system, I would like to talk about what belongs in your safe deposit box. As I said earlier, you’ll need a safe deposit box for anything that is difficult or expensive to replace....
Saver’s Credit
Do you know about the Saver’s credit? If you contribute to an IRA or Roth IRA, you may be able to get a tax credit up 50% of your contribution. Questions? Just call us.
Select the Right Structure for Your Business Part 3
Now let’s take some time to consider the tax treatment for each one of the corporate entity structures discussed in the last article. Some tax issues affecting the choice of the entity involve tax years; pass-through issues; and compensation and payroll taxes....
Select the Right Structure for Your Business, Part 2
In our first article, we discussed different forms of partnerships. Now let’s focus on corporations. A corporation, unlike the other structures, results in the formation of a completely independent legal entity and is created under the authority granted by state law....
Select the Right Structure for Your Business
When I talk to my clients that are new business owners or clients who are considering starting a business, a major question I get is: How should I operate and structure my business? Well, simply put, how you set up your business and whether you plan on going it alone...
Set Your Financial Records Right, Part 3
(This is part 3 of the Set Your Records Right series.) Let’s turn to retirement accounts now. You are probably covered by at least one retirement plan and maybe several. Be sure to keep a file on each. Don’t forget about your IRAs, 401(k) plans, as well as any other...