Blog
As a CPA and Financial Advisor this blog will cover a wide variety of topics ranging from personal financial planning and retirement planning to tax and accounting. I work a lot with small business owners and as one myself we'll cover issues that have arisen in many conversations with new and established business owners.
The information that you will see is meant to be educational in nature, Everyone's financial and tax situation is different and what may apply to you may not apply to someone else. Accordingly, no posts should be taken as legal, official guidance for you but rather use this information as a starting point to pursue the correct action to take for your needs.
Just what is Tax Planning?
What is tax planning? I consider tax planning to be a proactive approach to legally minimizing the amount of tax that you pay now and into the future.
Read MoreWill giving up your Latte really make you a millionaire?
Will skipping your Lattes really make you a millionaire?
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Tax Savings or Investment Gains?
Which is better, tax savings or investment gains? Why not both?
Read MoreFinance Friday – Is a large tax refund really a good thing?
Is getting a large tax refund really a good thing?
Read MoreSECURE Act 2.0: An Overview
In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement.The law is called SECURE 2.0, and it's a follow-up to...
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I can’t pay the tax I owe, should I file an extension?
Should I file an extension for my tax return?
Read MoreHow much can I deduct for vehicle expenses?
What vehicle business deductions are allowed?
Read MoreShould I Itemize Deductions or Not?
Should I itemize tax deductions or not?
Read MoreWhat's my tax rate?
When you know your tax rate, you can begin effective tax planning
Read MoreIs working from home the same as a home office deduction?
How can I claim a home office deduction?
Read MoreDoes forming an LLC really lower the taxes that I pay?
Why forming an LLC does not lower your tax liability
Read MoreIs your Go Bag ready to Go?
Do you have a bag with essential supplies and documents ready to go on a moment's notice in case disaster strikes?
Read MoreAnatomy of a tax return (Part 7) – Tax refunds and Tax payments
Understanding how your tax return comes together is key to finding opportunities to lower how much you pay in tax.
Read MoreAnatomy of a tax return (Part 6) – Deductions
Understanding how your tax return comes together is key to finding opportunities to lower how much you pay in tax.
Read MoreAnatomy of a tax return (Part 5) – Other Income and Adjustments
Understanding how your tax return comes together is key to finding opportunities to lower how much you pay in tax.
Read MoreAnatomy of a tax return (Part 4) - Retirement income
Understanding how your tax return comes together is key to finding opportunities to lower how much you pay in tax.
Read MoreAnatomy of a tax return (Part 3) - Investment related income
Understanding how your tax return comes together is key to finding opportunities to lower how much you pay in tax.
Read MoreHow much should I save each year for retirement?
How much should I be saving each year for retirement?
Read MoreAnatomy of a tax return (Part 2) – Wages
Understanding how your tax return comes together is key to finding opportunities to lower how much you pay in tax.
Read MoreAnatomy of a tax return (Part 1) – Introduction
Understanding how your tax return comes together is key to finding opportunities to lower how much you pay in tax.
Read MoreIs it too late for last year tax deduction?
The year has passed and tax season is approaching. Now what, is it too late to get tax deductions for the year just ended?Maybe, maybe not.To be clear, you cannot go out and buy a lot of office supplies and claim it as last year...
Read MoreHow much should I save for retirement?
I get this question a lot. Like many questions the first answer is - it depends.Big questions like will your mortgage be paid off, do you plan to take lots of expensive trips and eat in the finest restaurants, will you be...
Read MoreWhat’s Your Personal Net Profit?
In your personal financial life are you making a profit or losing money?
Read MoreHow Much is Enough?
How much money should you have for emergency reserves?
Read MoreWill the Future You Thank the Present You?
Will the future you thank the present you for the financial decisions you are making right now?
Read MoreWhat are you Worth?
When was the last time you calculated your Net Worth?
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Avantax Planning Video: Retirement Plan Services
Your company’s 401k plan is likely the primary tool used by you and your employees to save for retirement. Run, properly, the plan can also help you tax-efficiently build wealth outside of your business for your retirement...
Read MoreIs your Go Bag ready to Go?
For those who enjoy watching spy and adventure movies you probably know what a Go Bag is, it’s a bag filled with items that are already packed and ready to go on a moments notice. In the movies that might be a bag...
Read MoreDo you have a Tax Planner in your corner?
Taxes are one of your largest lifetime expenses. Doesn't it make sense you should work with someone who can help reduce that tax burden?
Read MoreHave you planned for your retirement taxes?
Many people believe that when they retire they may pay less in taxes than they do now and don't plan for that.For some that may be true, for others not so much.Let's assume that you plan for having $1 million in retirement savings at...
Read MoreYour 4% Withdrawal Strategy May Not Be Enough
YOUR 4% WITHDRAWAL STRATEGY MAY NOT BE ENOUGH Get the Tax Guidance You Need to Help Live the Retirement You Desire There’s a lot of concern among industry experts about whether the popular 4% withdrawal rule can provide enough income...
Read MorePre-Retirement Checklist
Most people look forward to retirement in the future. Not all are prepared for it though. Here is a basic checklist of some things to consider years before your planned retirement. https://www.vwshi...
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Conducting Your Mid-Year Financial Checkup
With June officially behind us, it’s time to face the facts: we’re headed toward the second half of 2021. While there’s still plenty of time to enjoy the rest of summer, we encourage you to slow down and check up on...
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