Local Blogs

April 22, 2018 | Daryl Schultz

Gonzaga Boy’s Lacrosse Defeats Good Counsel 17-4

Good Counsel High School Olney Maryland Friday 4-20-2018 The outcome of the game between the Falcons of Good Counsel and the Eagles of Gonzaga was decided early in the contest. The first face off won by #45 O’Berry of Gonzaga was taken to the Falcon goal for the first goal of the contest, only six […]

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April 19, 2018 | Alvin Carlos, CFA, CFP®

Who Should Consider Bankruptcy?

Bankruptcy is an unattractive way to get out of debt. But one of our clients chose this path, and she’s never been happier. Meet Sue Sue (not her real name) is a single mom who works in Bethesda and lives in Prince George’s County. Half of her monthly take home pay goes to rent, and […]

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April 16, 2018 | Juanita Farmer, CPA

Late Filing and Late Payment Penalties

April 17 is the deadline for most people to file their federal income tax return and pay any taxes they owe. The bad news is that if you miss the deadline (for whatever reason) you may be assessed penalties for both failing to file a tax return and for failing to pay taxes you owe […]

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April 10, 2018 | Mark Avallone, MBA, CFP®, CRPS®

5 Tax Tips For Millennials – And Others Who Want Lower Taxes

As the tax-filing deadline nears, many people are looking for legitimate ways to lower their tax bills. While the government doesn’t make it easy, I can offer a few tips—especially for younger workers—that can help reduce that tax amount payable to Uncle Sam. 1 – Fully participate in any company-sponsored retirement plan. Whether it’s a […]

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April 9, 2018 | Laura Rowles

All You Need: A Glass of Wine & Networking with the GGCC

Attending a wine tasting will broaden your horizons. Not only do you get to taste great wine that you may not have otherwise tried, but you will get try a lot of delicious food too. The Gaithersburg-Germantown Chamber of Commerce (GGCC) will hold its 15th Annual Wine Tasting on Thursday, May 17, 2018 from 5:30-7:30 […]

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April 9, 2018 | Juanita Farmer, CPA

Need to File an Extension? Don’t Wait

If you’ve been procrastinating when it comes to preparing and filing your tax return this year you might be considering filing an extension. While obtaining a 6-month extension to file is relatively easy–and there are legitimate reasons for doing so–there are also some downsides. If you need more time to file your tax return this […]

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April 5, 2018 | Mark Avallone, MBA, CFP®, CRPS®

April Is Financial Literacy Month – Why Financial Wellness Matters

April is Financial Literacy Month and a great time to focus on financial education. A lack of financial preparedness has huge societal costs, and in the coming years as Americans age, these costs will likely increase. There are daunting challenges facing not only the poor but also the working middle class. In the face of […]

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April 5, 2018 | Alvin Carlos, CFA, CFP®

Amazon and an Imprudent Proposal

Two weeks ago, my client Carl (not his real name) asked me to put all of his $330,000 IRA retirement savings in Amazon. I couldn’t believe what I was hearing. I could not, in good conscience, implement this request. It is extremely imprudent to put all of our savings in a handful of stocks, let […]

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April 3, 2018 | Adina Crawford

Running Against All Odds

I am overjoyed to talk about a featured athlete Ana. Ana started running with Black Girls Run back in 2012. Where she formed a sisterhood of friends and women who shared the same fitness journey and goals as she did. I am here to tell you first hand and witnessing her journey from the  beginning […]

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April 3, 2018 | Juanita Farmer, CPA

Understanding Estimated Tax Payments

Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, and rent, as well as gains from the sale of assets, prizes and awards. You also may have to pay estimated tax if the amount of income tax being withheld from […]

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