IRS Proactively Issues One Million Rebate Payments!
IRS Proactively Issues One Million Rebate Payments! Published: 2/5/2025 In late December, the IRS announced plans to issue automatic payments to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns. The payments should be received in late January. No action is needed for eligible taxpayers to receive the credit […]
Contractor versus Employee
Contractor versus Employee Published: 2/3/2025 As informational tax forms start flowing in, you are reminded to review the forms and determine the correctness of the form. One of the keys is whether your employer (or contractor) sends you the correct form. Getting it wrong could cost you plenty in the way of Social Security, Medicare […]
Small Business: Keep Your Customers Coming Back
Small Business: Keep Your Customers Coming Back Published: 1/30/2025 Happy, satisfied customers are essential to the health of every business. Increasing competition, online review opportunities, and unlimited access to information up the ante on the importance of quality customer service. Here are some tips to help your business thrive by meeting and exceeding your customers’ […]
Creating a New Year Financial Review
Creating a New Year Financial Review Published: 1/27/2025 Some great ideas to consider Now’s the perfect time to review your financial health and set yourself up for success in 2025. The following checklist can help you organize your goals, identify areas for improvement, and make informed decisions about your money. Calculate your net worth. Add […]
Plan Your Retirement Goals for 2025
Plan Your Retirement Goals for 2025 Published: 1/22/2025 Consistent with our new year’s theme of starting the new year out on a great financial footing, one cannot overlook planning for your retirement future. Now is a good time to review your alternatives and plan to take full advantage of programs available to you and your […]
It’s Tax Preparation Time!
It’s Tax Preparation Time! Published: 1/20/2025 January officially launches the tax season. As those tax forms start coming in, here are some tips to help you stay organized to make filing your tax return efficient and with the least amount of potential stress: Gather your tax documents. Create a list of expected tax forms and […]
Creating a Financially Savvy Family
Creating a Financially Savvy Family Published: 1/17/2025 As part of our new year issue, why not include some ideas to help those around us set themselves up for a great financial future. This article focuses on ideas to help create financial savvy children and grandchildren. It’s never too late to impart your wisdom. Here are […]
Gone Phishing?
Gone Phishing? Published: 1/14/2025 Each year the IRS publishes the top dozen tax scams it encounters over the prior year. One of them that makes an all too common appearance on their list is the phishing scam. Here is what you need to know. Phishing requires bait Phishing is the act of creating a fake […]
Maximize the Child & Dependent Care Credit
Maximize the Child & Dependent Care Credit Published: 1/11/2025 The Child & Dependent Care Credit provides a reduction in taxes to offset the cost of daycare when you are employed. The maximum amount of the credit is $3,000 for one dependent or $6,000 for two or more qualifying persons.* To take advantage of the credit […]
Leveraging Kiddie Tax Rules
Leveraging Kiddie Tax Rules Published: 1/8/2025 The beginning of each year is a great time to start next year’s tax planning. One area to help reduce your tax obligation, that benefits from an early in the year start, is leveraging your kids to the fullest using the kiddie tax rules. Background The term kiddie tax […]
