Common Tax Penalties & How to Mitigate Them With Tax Day officially behind us, Iâm sure many people feel like a weight has been lifted off their shoulders (at least until next April). However, some people might be left confused after filing their return. Why am I incurring
In Todayâs world, a world without pensions and worries about the future of Medicare and Social Security, saving for your retirement is a critical part of financial planning, and for many people, a 401(k) plan is a large component of that plan. A 401(k) plan allows individuals to save money
The Tax Cuts & Jobs Act of 2017 (TCJA) capped the deduction of state and local taxes at $10,000 for tax years 2018-2025. This most affected the states that have high property taxes, in that, if you paid $15,000 in property taxes for the year, you could only deduct up
Managing finances can be a daunting task, and itâs not something that everyone can do well. Many people turn to financial advisors to get help in navigating the complex world of investments, savings, and planning. However, just choosing an advisor isnât enough, itâs essential to choose the right financial advisor
DOWNLOAD THE PDF Spring is here and symbolizes a fresh start and new life. We hope this theme continues throughout 2023 in the market as well. Though the markets are up in 2023, it hasnât been without volatility or headlines. Between banks failing and countries moving away from the dollar,
Many people have heard the term âHealth Savings Accountâ or âHSA”, but not many people know how, or why, this type of account can be so beneficial to your financial plan. What is an HSA? HSAs are a type of savings account that allow you to set aside money to
DOWNLOAD THE PDF The market investing year of 2023 is off to a solid start. Despite some concerns with the liquidity of some banks, ALL equity and fixed income markets were positive in the first quarter. International Developed Stocks were up 8.02% over the quarter followed by the US Market
There is a lot to learn from past financial recessions. There have been as many as 48 financial recessions in the US going back to the Articles of Confederation. Though some of these are disputed by economists and historians. The good news is going back to 1926 we have some
March Madness is almost over, and as many of us know, the season highlight for college basketball fans is often full of upsets, underdogs and blowouts – and this year DID NOT disappoint. Like investing, filling out a bracket involves balancing risk, reward and expectations, and winning a pool ultimately
Many business owners donât know all the rules behind âwriting offâ or expensing items on their business tax return. There are some expenses necessary to operate the business, but there are also some expenses that may be more personal in nature that could also be justified as a business expense.