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
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
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
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
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,
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,
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
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
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
