Newsletter Archive



College with Little Savings
If you started saving for a child’s college education later than planned, there are still a few things you can do to help lessen the financial load.

Who Needs an Audit?
You may know that publicly traded companies must undergo professional external financial audits, but what about closely held businesses? While owners of privately held companies aren’t required by law to go through this exercise, partners, lenders and private equity companies may demand it. Will your company need an external audit?

Appreciating Employee Benefits
Helping employees to appreciate the benefits your company offers can result in happier employees who want to stay at their job. You can accomplish this with consistent and informative communications.

June 2018 Client Profile
Brandon and Anne just bought their dream vacation home, which they intend to use a few weeks annually before making it their fulltime home in retirement. After last year’s tax changes, they wonder if they can deduct mortgage interest and real estate taxes.

Giving Now or Later
Charitable trusts are popular because they give donors a tax-advantaged way to benefit both a favorite cause or charity and their loved ones. Charitable remainder trusts (CRTs) and charitable lead trusts (CLTs) are the two most recognizable types of these trusts.

When the Owner Retires
Working to secure a comfortable retirement is difficult enough for many individuals, but the complexity multiplies when you combine that with selling a closely held business. If you’re selling your business and it also happens to represent most of your retirement income, there are a few steps you might want to take as retirement beckons.

June 2018 Q & A
Let's discuss some of the tax law changes and working with an investment advisor.

June 2018 Short Bits
A joint report by the LIMRA secure Retirement and Insured Retirement Institute (IRI) finds only 51% of Americans believe they are knowledgeable about Health Savings Accounts (HSAs).

Read More

More About Tax Changes
While most taxpayers are now aware of lower federal tax brackets and other changes in the Tax Cuts and Jobs Act of 2017, some may be unaware of less publicized provisions of the new law. These changes feature a little good news, and a bit of bad news.

Custodial Accounts
With a recent change in how children’s income from savings is taxed, custodial accounts under UGMAs and UTMAs have seeped into talks about saving for college expenses. Here’s a look at what these accounts are and whether they can help accomplish your education savings objectives.

Client Profile...
Alexa wants to save for her daughters’ education, but also wants to control the funds so they don’t spend the money for something else when they become adults. Alexa wonders where she can save and maintain control.

You're Retired! Now What?
You worked a lifetime to build your retirement assets, now how do you take distributions? Any discussion about retirement income usually starts with required minimum distributions, or RMDs.

Easier to become a 501(C)(3)
The Internal Revenue Service revised an application and instructions that small charities must use to qualify for tax-exempt status. The IRS requires exemption-seeking applicants with assets under $250,000 and annual receipts under $50,000 to file Form 1023-EZ, Streamlined Application for Recognition of Exemption.

May 2018 Q & A
Let's discuss some of the tax law changes under the Tax Cuts and Jobs Act of 2017.

May 2018 Short Bits
COMPENSATION GREW BY 2.6% FOR CALENDAR YEAR 2017. That’s up from 2.2% in 2016, according to the Bureau of Labor Statistics (BLS). The last two years of wage increases are good news for workers, who saw years of wage stagnation following the Great Recession.

529 Plans Expanded
Gain some additional insight on 529 plans, and how they were impacted under the new tax bill.

Read More

Tax Reform and You
In the wake of the Tax Cuts and Jobs Act of 2017, individuals will notice a number of changes in federal tax rates, deductions and credits. Most will apply beginning in tax year 2018 and sunset after 2025. Here are a few highlights:

Tax Changes and Your Investments
The new tax law has a number of changes that affect individual and business taxpayers, but in the end, the tax treatment of investments was hardly touched.

Client Profile April 2018
Phil owns bonds and shares of bond mutual funds, but worries about how rising interest rates will affect his income now and in the future. He wonders if he should hold on to these investments or trade them for higher-earning bonds and mutual fund shares.

10 Smart Ways to Spend Tax Savings
How will you spend the extra money that the tax reform added to your take-home pay? Consider the following smart choices:

Pass-Through Income Tax
One of the highlights of the Tax Cuts and Jobs Act of 2017 is the new treatment of pass-through income.

April 2018 Q and A
Whether you're looking to invest in foregin or international stocks, or you're planning a move to a low-tax state it depends on location, location, location.

April 2018 Short Bits
More employers are offering workplace wellness programs, but you have a better shot at one if you have a higher income.

Business Tax Reform
Federal tax reform was most dramatic in the business arena.

Read More

Valuing Your Business
If you had to sell your business today, would you know how much it is worth? Would you know how much your business is worth if you needed a loan? How about the value of your business so you can take on a partner?

Last-Minute Tax Tips
As the tax filing deadline for many businesses nears, now is a good time to go over your tax planning for this year and next. And if you don’t do tax planning, this is a good time to start.

Managing Telecommuters
Telecommuting is one way to offer employees a benefit they value with a minimal impact on your company’s bottom line, but you’ll need to understand its risks and establish safeguards to accomplish this.

Client Profile March 2018
This month's Client Profile looks at Tara, who works hard and wants to make sure she doesn't run afoul of income tax rules.

March 2018 Q and A
This month's Q & A looks at chartitable deductions and whole life insurance.

Work from Home Productively
Working from home has its advantages and disadvantages. If you are considering working from home, there are a multitude of things to consider, from taxes to office space. Here’s a look at a few considerations.

Short Bits March 2018
This month's Short Bits: Employment costs rise, small business creates jobs, Healthcare costs more than retirees expected, and About half of Americans could be faring better financially.

Solo Business Stats
Sole proprietors make up a huge chunk of the business world. Here are some statistics about sole proprietorships.

Read More