January offers us an opportunity to reflect on the year past and consider where we find ourselves in the present. Thanks to 2020, many of us are better prepared to truly believe that anything can happen, and understand the potential …
Monthly Economic Update
Well, that was an interesting month. US financial markets seemed relieved to have Election Day behind us, with the S&P 500 index recovering from its October woes to end the month up 12.1% for the year. Interest rates remain historically …
Help Is on the Way – Understanding the CARES Act
The Coronavirus pandemic is affecting us all. We’ve been staying healthy personally, but our kids have been home from school for weeks, and clients are sharing news of work furloughs, cancelled projects and closed businesses. It’s amazing how fast things …
Is it time to leave NYC?
When is the last time you asked yourself this question?
If you often ask yourself this question, you aren’t the only one. In fact, according to the US Census, New York lost approximately 180,000 residents last year, more than any …
Looking for a New Accountant? What to Ask Now
Tax return is now due
Tax season is here again, and for many of my clients, that means it’s time to reach out to your CPA – or to find one if you haven’t yet!
But if you are …
The Difference Between Marginal and Average Tax Rates
You may have heard that the income tax rate on the highest earners is now 37%.
Wow, does that mean if we make $500,000 we’ll pay $185,000 in federal income tax?
Well, no.
The rates you hear on the …
The Benefits of Benefits
“My new company gave me this big packet of benefits information. Should I sign up for the …”
- Health Insurance?
- Company 401K?
- Group Life Insurance?
- Long Term Disability Insurance?
- Long Term Care Insurance?
- Transit Checks?
- Flexible Spending or Dependent Care
Understanding Your Taxes When You’re Self-Employed
Taxes.
The word alone is enough to send most self-employed individuals running for the hills. There seems to always be some form of confusion around how to pay your taxes, or what’s expected of you by the IRS, when you’re …
The Time for Tax Planning Is Now
If you are like most Americans, you think about your taxes annually – when you visit your accountant at tax time (or load up TurboTax in early April), but basically, avoid thinking about them the rest of the year. For …
