No one likes unexpected expenses, especially large unexpected expenses. This time of year, one such expense can be income taxes. You’re probably aware of this year’s April 18 filing deadline, but maybe you weren’t prepared
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Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. While President-elect Donald Trump has proposed sweeping tax reform, it’s impossible to know which of
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In two of the most shocking political upsets in American history, President-elect Donald Trump first navigated past a field of 16 Republican challengers in the primaries, then beat the formidable Clinton machine in the
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With the help of my accountant, my tax returns are in the mail (whew!). Long gone are the days I would tackle this on my own, using computer software to complete my returns. If you do your own taxes, my hat is off to you
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Some people go to extremes in their attempts to save on taxes. According to TurboTax, here are some of the crazier deductions people have tried to claim:
A floundering business owner hired an arsonist to burn down his
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This article pertains specifically to investors who have both a tax-advantaged account (IRA/401k) and a taxable investment account. If you don’t have a taxable investing account, don’t make the mistake of thinking we’re
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Mutual funds make periodic payments to shareholders representing a share of the interest, dividend, and capital-gain income earned by the fund. These payments are called “distributions.” If you’re not careful in accounting
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This year’s market correction has been severe enough that it’s causing some investors to feel like they should “do something!” in response. Our advice? Stay calm and don’t take dramatic action. Instead, wait for an
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Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. Here’s a guide to some of the more significant changes for 2016.
Retirement Plans
If you participate
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November 24, 2015
Patrick Kelley CPA & Adal Yousef
As year-end approaches, you can exercise good stewardship by considering ways to minimize your tax liability. You should begin now so you will have time to take advantage of tax savings opportunities. (The
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