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Prepare Your Kids for Financial Independence – October 2017

By |October 24th, 2017|

An AICPA survey discovered that parents are more likely to talk with their children about manners, eating habits, school grades, and substance abuse than about finances. All these topics are important, but it’s also vital to teach your kids the basics of handling money. October 2017|Categories: Newsletters Download

Ginnie Mae Funds for Your Retirement – September 2017

By |September 3rd, 2017|

Many people prefer to have some conservative holdings in their IRAs and other retirement accounts. This century has already produced two nasty bear markets (in 2000–2002 and 2007–2009). If a third downturn occurs, investors will be glad they held some defensive positions, which might minimize losses and possibly offer gains. September 2017|Categories: Newsletters Download

College Costs Really Are Increasing Again – August 2017

By |August 12th, 2017|

The College Board reports that the average published charges for tuition, fees, room, and board at private, nonprofit, four-year schools were over $45,000 in the 2016–17 academic year. At public universities, the average charge was around $20,000 for state residents. Both numbers are the highest on record. August 2017|Categories: Newsletters Download

Calculating Retirement Needs – July 2017

By |July 20th, 2017|

A staple in retirement planning is the search for “your number.” That is, how much money do you need to accumulate in savings and investment accounts so you can afford to stop working? Life expectancy is increasing, so the amount you have when you retire might have to last for decades July 2017|Categories: Newsletters Download

What Might Happen if a 15% Corporate Federal Income Tax Rate Becomes Law?

By |June 28th, 2017|

President Trump has proposed a 15% federal income tax rate on business income. What could this mean for businesses if this becomes law? Learn more about this in our new blog post.

Claiming a Moving Expenses Deduction on Your Federal Tax Return

By |June 27th, 2017|

Are you eligible for a federal tax deduction for moving costs? You must pass 3 tests. Learn more about these tests and other important factors in deducting moving expenses in our new blog post.

2017 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

By |June 20th, 2017|

During summertime, tax deadlines are probably the last thing on your mind. But there are some important Q3 2017 deadlines that businesses can’t afford to forget about. Here are a few key tax-related deadlines for businesses and other employers during Quarter 3 of 2017.

Pay Attention to the Details When Conducting an Investment Sale

By |June 13th, 2017|

f you don’t pay attention to the details, the tax consequences of selling an investment may be different from what you expect. For example, if you bought the same security at different times and prices and want to sell high-tax-basis shares to reduce gain or increase a loss to offset other gains, be sure to identify which block of shares is being sold. Learn more about what can affect the tax consequences of your sale in this blog post.

Coverdell ESAs: The Tax-Advantaged Way to Fund Elementary and Secondary School Costs

By |June 6th, 2017|

The school year’s end is a good time to think about Coverdell Education Savings Accounts (ESAs), especially if you have young children or grandchildren. One ESA advantage is that tax-free distributions aren’t limited to college expenses; they also can fund elementary and secondary school costs, such as tutoring and private school tuition. Learn more in this new blog post.

The Third Best Investment You Can Make – June 2017

By |June 5th, 2017|

The second-best investment you can make is paying off high interest rate debt (see CPA Client Bulletin, August 2016). That could come after you’ve contributed enough to your 401(k) to get a full match from your employer. What should come next? If you have no expensive debt to pay down and you’re getting the full