by Admin | Dec 16, 2021 | Individual Taxes, Tax Planning
Required Minimum Distributions (RMD) are required taxable distributions from qualified retirement plans and are commonly associated with traditional IRAs, but they also apply to 401(k)s and SEP IRAs. The tax code does not allow taxpayers to indefinitely keep funds in...
by Admin | Dec 9, 2021 | Individual Taxes, Tax Planning
A common question among parents is, “How might I save for a child’s post-secondary education in a tax beneficial way?” The answer depends on how much the education is expected to cost and how much time is left until the child heads off to college or a university or...
by Admin | Dec 7, 2021 | Business Taxes, Individual Taxes, Tax Planning
If you invest in stocks, you probably look forward to receiving dividend checks (or notices that your dividends have been reinvested) from the companies you own shares in. It’s an added perk of ownership that increases your return on investment. But not everybody is a...
by Admin | Dec 2, 2021 | Individual Taxes, Tax Planning
It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner, tax-savvy individuals need to take some time from their busy schedules to...
by Admin | Oct 15, 2021 | Individual Taxes, Tax Planning
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you money. That is true of taxes as well, especially for 2021, as the pandemic benefits begin to wane and President Biden’s...
