IRS Updates Regulations for New Trump Accounts
IRS Updates Regulations for New Trump Accounts Published: 01/18/2026 Recent tax legislation includes new provisions that allow for the establishment of new investment accounts for children ages 18 or younger. The goal of the account is to have funds available for them when they become adults. While not yet available to create, news out of […]
Reminder: Fourth Quarter Estimated Taxes Now Due
Raising a Financially Savvy Child Published: 01/18/2026 If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The 4th quarter due date for the 2025 tax year is due on or before January 15, 2026. Due date: Thursday, January […]
Improving the Usefulness of Your Bookkeeping
Raising a Financially Savvy Child Published: 01/14/2026 If you are just starting a business or have been in one for a while, you quickly understand the importance of keeping good records. And as a financial person, having an owner that understands the basics of great bookkeeping makes it so much easier to help that owner […]
Raising a Financially Savvy Child
Raising a Financially Savvy Child Published: 01/09/2026 If you have children or grandchildren, you have an opportunity to give them a jump-start on their journey to becoming financially responsible adults. While teaching your child about money and finances is easier when you start early, it’s never too late to impart your wisdom. Here are some […]
Five Great Money Tips
Five Great Money Tips Published: 01/07/2026 Creating a sound financial foundation for you and your family is a great goal. Here are five thoughts that may help. Pay yourself first. Treat saving money with the same care you pay your bills. Take a percentage of everything you earn and save it. Using this technique can […]
It’s Tax Time! Ideas to Get Organized
It’s Tax Time! Ideas to Get Organized Published: 01/01/2026 With tax season officially underway, here are several ideas to make filing your return as stress-free as possible: Gather your tax information for filing. Items you’ll need include K-1s, W-2s, 1099s and other forms you receive from your business, employers, brokers, banks, and others. If you […]
Happy New Year…Consider These Tax Resolution Ideas
Happy New Year…Consider These Tax Resolution Ideas Published: 12/27/2025 Consider these tax resolution ideas Every January brings a familiar ritual. We promise to eat better, exercise more, and finally organize the garage. These are fine goals, but if you want a resolution that delivers real, measurable value, fewer taxes paid over your lifetime is about […]
Social Security Benefits Announced for 2026
Social Security Benefits Announced for 2026 Published: 12/23/2025 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 September […]
Year-End Tax Planning Tips: 2025 EDITION
Year-End Tax Planning Tips: 2025 EDITION Published: 12/19/2025 At the end of each year there are a number of things to consider that may have a positive impact on your tax obligation. Here is a list of ideas that may be worth a quick review while there is still time. And especially this year with […]
The New Car Interest Deduction
The New Car Interest Deduction Published: 12/16/2025 For years, the tax code trend was to reduce the amount of interest that may be deducted on your tax return. Until recently, it really only allowed interest deductions as an itemized deduction on qualified residences and vacation property. That is changing now with the passage of the […]