Preparing Kids/Teens for Sports Tryouts and the Outcomes
With the spring season for youth sports and the school year getting close to wrapping up, kids and teens are getting ready for some impending changes in routine. In addition,… Read More
Community Blogs
What to Do if Your Business’s Data Security Is Breached
Most businesses store sensitive information about employees and customers, such as names, addresses, Social Security numbers (SSNs), banking information and more. If lost or stolen, this data could put individuals… Read More
To Get an “Early” Refund, Adjust Your Withholding
If you received a large refund this year, you may want to adjust your withholding. Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a… Read More
Getting Ready for Summer with Kids
At this point in May, summer break from school is just around the corner. For many kids, this is an exciting time with anticipation of summer and fun activities ahead.… Read More
The Advantages of Hiring Your Minor Children for Summer Jobs
If you’re a small-business owner and you hire your children this summer, you may be able to secure tax breaks and other nontax benefits. The kids can gain bona fide… Read More
Ukraine War SitRep, Part 3
Last month I provided a Situation Report (SitRep) on the Ukraine war in the areas of geography; air; sea; cyber/comms; information; infrastructure/petro; and economic warfare. This month I will analyze… Read More
Are You Prepared For The Tax Cuts and Jobs Act (TCJA) Sunset?
The Tax Cuts and Jobs Act (TCJA) of 2017 brought about significant changes to the United States tax system, impacting individuals, families, and businesses alike. However, it’s crucial to recognize… Read More
Payable-on-Death Accounts: Beneficial Tools if Used Correctly
Payable-on-death (POD) accounts can be a quick, simple and inexpensive way to transfer assets outside of probate. They can be used for bank or credit union accounts, certificates of deposit… Read More
Tax Records: What Can You Toss and What Should You Keep?
Generally, the IRS has three years to audit a tax return, from the later of the due date of the return or the date you file. You can also file… Read More
Ukraine War SitRep, Part 2
Who is winning the war in Ukraine? Everyone knows the answer, right? The Situation Report (SitRep) is that Ukraine is losing, correct? Maybe. Let’s figure it out. To do this,… Read More
Handling Large Cash Transactions
A reminder for businesses: Within 15 days of a $10,000 transaction, you must use IRS Form 8300 to report the transactions. If you file electronically, forms are delivered to the… Read More
A Strategy to Raise Your Medical Expense Deduction
With a little planning, you may be able to boost your itemized medical expense deduction when you file your 2024 tax return next year. Only eligible expenses exceeding 7.5% of… Read More