Someone said to me the other day, “Growing up has been really hard. I liked it when I was a kid!” It was spoken during a discussion about all the responsibilities associated with owning and managing a business or professional practice. So why can’t ...
August
22
2018
You might be aware that if the due date for a tax return occurs on a weekend or holiday, that due date is moved to the next business day. This has happened a couple of times in recent years with the dreaded April 15 due date for personal tax returns ...
April
25
2018
Advice for How to Get Your Financial House in Order
Posted by J. Saunders Wiggins, CFP®, AIF®
in Tax Strategy, Financial Planning, Wealth Management
with No Comments
The recent weather reminded us that it is indeed spring and time for spring cleaning. Last week’s federal tax deadline was a reminder that as we pull our tax paperwork together, now is the perfect time to focus our spring cleaning attention to our fi...
April
18
2018
With the passage of the 2017 Tax Cuts and Jobs Act (TCJA), there are changes that impact charitable giving. More specifically, individual donors and nonprofits can leverage TCJA to make smarter philanthropic contributions with the Qualified Charitabl...
February
06
2017
For Big Tax-Deductible Contributions, Consider a Defined Benefit Plan
Posted by David J. Kupstas, FSA, EA, MSPA
in Retirement, Tax Strategy, Financial Planning
with No Comments
Small business owners who are looking for tax-deductible retirement contributions greater than those available in a 401(k) plan should consider adopting a defined benefit (DB) plan.
October
20
2016
Retirees on Social Security may soon be able to afford an extra cup of coffee or sandwich each month, but not much else. The Social Security Administration announced this week that monthly Social Security and Supplemental Security Income (SSI) benef...
September
10
2015
As the September 15 tax extension deadline looms, many business owners will start planning for 2016 and the many challenges that exist in running a business. Among the biggest headaches continues to be the Affordable Care Act (ACA) – no wonder that ...
June
18
2015
Considering a 401(k) Plan for 2015?
Posted by Joné E. Liuzza, ERPA, QPA, QKA
in 401(k), Tax Strategy, Retirement, Financial Planning
with No Comments
If you are considering setting up a 401(k) plan for 2015, you may not have as much time as you think. October 1st is the deadline for implementing a safe harbor 401(k) plan this year. Safe harbor design – whether a match or nonelective contribution...
April
13
2015
As the April 15 income tax return deadline approaches, many individuals and business owners are wondering how to decrease taxable income and are looking for ways to reduce taxes. While it is best practice to consult a knowledgeable CPA or Enrolled A...
March
30
2015
As the 2014 tax season is coming to a conclusion, we’re getting a first glimpse of how much revenue the Affordable Care Act (ACA), or ObamaCare, is generating for the government. The IRS has released data for the first year that the Medicare surchar...