Leveraging Gift Rules to Your Advantage
Leveraging Gift Rules to Your Advantage Published: 11/10/2025 As you or your family members approach retirement years, it’s important to have a basic understanding of the IRS gift giving rules. With this understanding, there are opportunities to leverage this tax law without creating a tax problem. The rules You may give up to $19,000 to […]
Frugality vs. Free-Spending: Finding Your Financial Sweet Spot
Frugality vs. Free-Spending: Finding Your Financial Sweet Spot Published: 11/10/2025 Money has a way of testing balance. Lean too far toward penny-pinching and life feels tight and restricted. Tip the other way into carefree spending and it’s easy to lose financial footing. Here are some practical tips to help find a healthy balance. Two […]
Year-End Tax Planning Tips for Your Business
Year-End Tax Planning Tips for Your Business Published: 11/14/2025 As 2025 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TINs) for each of these vendors if you have not already done […]
5 Financial Terms Everyone Should Know
Key Tax Planning Topics to Consider Published: 10/10/2025 Money impacts nearly every part of life. Whether you’re just starting your career, running a household, or trying to grow your savings, understanding a few key terms can give you a real advantage. Here are 5 financial terms that you should understand to help better manage your […]
Social Security Benefits Announced for 2026
Year-End Tax Planning Tips for Your Business Published: 11/02/2025 The Social Security Administration announced a 2.8% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2026, another rate drop versus last year’s increase of 3.2%. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in […]
Still Time to Reduce Any Tax Surprises!
Still Time to Reduce Any Tax Surprises! Published: 10/31/2025 Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you started. Review your income. Begin by determining how your income this year will compare to last year. […]
Key Tax Planning Topics to Consider
Key Tax Planning Topics to Consider Published: 10/10/2025 The U.S. tax code is constantly changing. What saved you money last year might cost you this year. Between shifting income thresholds, changing deduction rules, and overlooked credits, you now need to stay focused on your tax plan throughout the year. Here are several bits of tax […]
Don’t Run the Risk of a High Tax Bill!
Don’t Run the Risk of a High Tax Bill! Published: 10/24/2025 How many times have you seen this legal disclaimer? Unfortunately, all too often taxpayers do not follow this advice and then must pay the price with an unnecessarily high tax bill. Here are some of the most common situations that can save you money […]
Ideas to Identify and Manage Problem Accounts
Ideas to Identify and Manage Problem Accounts Published: 10/24/2025 As a small business, once you decide to extend credit to a customer, you now have a financial stake in continuing that relationship even if you suspect there might be trouble brewing. Here are some ideas to help you manage this risk. Develop a rating system. […]
Financial Tips That Sound Like Common Sense
Financial Tips That Sound Like Common Sense Published: 10/22/2025 When it comes to personal finance, guidance is often delivered in quick, confident soundbites: Open a high-yield savings account! Sign up for a rewards credit card! Buy your food in bulk to save money! On the surface, these suggestions sound like common sense. But managing your […]