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 …
Business and Personal: Keep ‘Em Separated
Are you running your personal and business expenses out of the same account?
If so, you are not alone. I find that many freelancers, independent contractors, or entrepreneurs make the same financial mistake.
Here are some of the benefits of …
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 …
Financial Planning and the New Tax Plan
Right now, you may be in the throes of gathering your tax documents for 2017 and preparing for the annual ritual of filing online or with your accountant. But it’s worth noting that substantial changes are on the horizon for …
What Happens if You Don’t Get Health Insurance?
Health insurance is easier to get these days, and more Americans are covered now thanks to the Affordable Care Act, known to many as “Obamacare”. But you do have to actually go to the exchange website and sign up, and …
Tax Advantages of Retirement Accounts
This is the sixth post in my “Taxes for Your Family” series.
I’m always surprised when people don’t take advantage of tax-advantaged retirement accounts. Don’t they realize it’s the best deal Uncle Sam has going?
Here are four …
