10 Red Flags for IRS Audits
Even though the overall IRS audit rate is currently low historically, it’s expected to increase as a result of provisions in the Inflation Reduction Act signed into law in August….
eNewsletter
First-Year Bonus Depreciation and Sec. 179 Expensing: Watch Out For Potential Pitfalls
Volume 10 Issue 3, eNewsletter
Many companies are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a business’s cash flow, but whether to claim them isn’t…
How to Manage Your Aging Parents’ Finances
Volume 10 Issue 2, eNewsletter
Taking over your aging parents’ finances is not easy. But it’s something that can be handled in an organized, compassionate way. Here’s a roadmap that shows how to embrace it…
New Required Minimum Distribution Rules for 2022
Volume 10 Issue 2, eNewsletter
Starting in 2020, new legislation increased the age to begin Required Minimum Distributions (RMDs) from 70½ to 72. More recently, the IRS updated the Uniform Life Table for alignment with…
Give a College Savings 529 Plan For Graduation
Volume 10 Issue 2, eNewsletter
If you want to make an impact in your new grad’s life, make an investment in his or her future with a 529 College Savings account. There are two versions:…
How To Maximize the Potential of Your 401(k) Plan
Volume 10 Issue 2, eNewsletter
One of the easiest ways to save for retirement is to participate in an employer-sponsored retirement plan. You simply select a percentage of your paycheck that you would like transferred…
How to Get Your 2022 Finances in Order
Volume 10 Issue 1, eNewsletter
Believe it or not, the New Year is here. If you’re trying to wrap your head around everything that’s ahead, one of the best things you can do is prepare…
How Businesses Can Combat Inflation’s Toll
Volume 10 Issue 1, eNewsletter
According to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI)—the measure of the average change over time in prices, goods, and services that producers experienced for…
The Risks of Using Self-Directed IRAs
Volume 10 Issue 1, eNewsletter
Self-directed IRAs (SDIRAs) are becoming more and more popular as IRA holders look to enter alternative investments. While SDIRAs can open up a world of investment options, the rules around…
Rental Real Estate – Business or Investment?
Volume 10 Issue 1, eNewsletter
If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill. The distinction is especially…