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 […]
Tax Season is Scam Season
Tax Season is Scam Season Published: 1/5/2025 As a reminder, tax season is also tax scam season for savvy criminals. As you prepare to file your tax return, here are some things to know to reduce your risk of having your valuable personal information stolen. These tips are provided by the IRS and other experts. […]
Tax Planning Tips for Your Business
Tax Planning Tips for Your Business Published: 1/3/2025 To start your first quarter of 2025 right, here are some ideas to help you prepare your business 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 […]
Creative Ways to Save Money
Creative Ways to Save Money Published: 12/30/2024 Saving money doesn’t have to be a chore. In fact, with a little creativity, it can be both fun and rewarding. Here are some interesting ways to boost your savings without feeling like you’re missing out. Embrace the 30-Day Rule. If you find yourself wanting to make an […]
