Scammers Up Their Game With AI
Scammers Up Their Game With AI Published: 3/25/2025 Scammers are becoming increasingly sophisticated, with more emails, phone calls and text messages crafted to look and sound like the real thing. This is often because thieves are adding artificial intelligence to its arsenal of tools to transform their tricks into messaging that genuinely looks like its […]
The New Banking Problem
The New Banking Problem Published: 3/21/2025 Immediate Required Action: Review your savings account interest rate and take necessary action to avoid potential deceptive, unreasonable, and obscure rules that are keeping your money from making a reasonable interest rate! Background When interest rates rose due to inflation, banks and credit unions quickly raised their interest rates […]
Tax Uncertainty Requires Preparedness
Tax Uncertainty Requires Preparedness Published: 3/19/2025 You will soon have to confront a higher tax bill if Congress doesn’t extend many credits, deductions, and lower tax rates that are set to expire at the end of this year. Here’s who should be considering ongoing tax planning sessions as this uncertainty plays out in Congress and […]
Tax Return Information That’s Easy to Miss
Tax Return Information That’s Easy to Miss Published: 3/14/2025 To ensure your tax return is filed quickly and without error, double-check this list of commonly-overlooked items. These little pesks are among the commonly missed items reported as hold ups to filing individual tax returns: Missing forms. Using last year’s tax return as a checklist, double […]
Review and Correct Your 1099s NOW!
Review and Correct Your 1099s NOW! Published: 3/11/2025 It’s sometime in February and you realize the Form 1099 you received is in error. In fact, it overstates your income by several thousand dollars. What should you do? Gather your facts. Put yourself in the shoes of the vendor, bank or investment company representative. Gather evidence they […]
Does Your Mileage Log Travel the Distance?
Does Your Mileage Log Travel the Distance? Published: 3/8/2025 The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim this deduction you must keep adequate records of actual miles driven. During an audit, this is an often disallowed deduction, despite the fact that you actually drove […]
The New Problem with IRS Identity Theft
The New Problem with IRS Identity Theft Published: 3/6/2025 In its most recent annual report to Congress, the Taxpayer Advocacy Service outlines troublesome trends it sees in the processing and administration of tax returns and taxpayer support. By law, the National Taxpayer Advocate’s report must identify the 10 most serious problems taxpayers face in their […]
The Impact of IRS Layoffs
The Impact of IRS Layoffs Published: 3/3/2025 During the recent chaos of Federal employment moves over the past couple of weeks, two actions will impact how filing your tax return this year could go and how to prepare accordingly. Voluntary termination After being offered voluntary termination, approximately 75,000 employees across all departments of the federal […]
Simple Ideas to Help Your Small Business
Simple Ideas to Help Your Small Business Published: 2/28/2025 Here are several ideas to help your business grow and thrive this year. Understand your cash flow. One of the biggest causes of business failure is lack of understanding cash flow. At the end of the day, you need enough cash to pay your vendors and […]
Aiming for Financial Goals as a Couple
Aiming for Financial Goals as a Couple Published: 2/25/2025 Financial goals make it possible for you and your partner to work toward achieving your dreams. Here are several action items to create – and achieve – financial goals as a couple: Start talking sooner rather than later. Finances can be hard to talk about. People […]
