Every single year when you get your taxes done, you have to ask yourself these three questions.
By Ryan Fair, CPA, CFP®
The end of summer has officially arrived. And while no one wants to say goodbye to long days and relaxing getaways, the time has arrived to get back to school, back to work and, at least in my case, back to some serious tax planning.
By Amy Masters, CFP®
It’s tax season at our offices right now. As a financial advisor, that means that I’m spending all of my days sitting down with clients to review their 2018 taxes and put a plan in place for the current year. What has surprised me this year? The number of people who have come in worried about their returns.
By Bill Mock, CFP®, CRPC®
The Tax Cuts and Jobs Act (TCJA) has been making a lot of headlines since it was first announced last year. Some of the news is good, some not so good, and some of it is just plain confusing. Even today, in the dog days of summer, there is still a lot of guidance from the IRS that has yet to be issued. What does that mean for you as a taxpayer? First, perhaps more than ever, it means that tax planning should be a top priority to be sure you are optimizing the new tax laws to your advantage. Second, because of the new, higher standard deduction and other significant changes in the law—and the fact that those changes won’t last forever—it means that right now is the time to truly “make hay while the sun is shining”!
By Ryan Fair, CPA, CFP
You may or may not have heard, but Congress actually did something! And this “something” was a big something that will affect all of us for years to come: Tax Reform. What does this really mean and how will it effect you?
Most importantly, nearly all of us will see a decrease in federal tax due to the government. There are several significant changes that lead to lower taxes, but I will focus on those with the most widespread impact.
By Ryan Fair
December is always a flurry of activity. Preparing for the holidays (and fitting in all those holiday parties) can be a challenge for all of us. If you’re like most people, the last thing you want to be thinking about as New Year’s Eve approaches is planning your taxes. Of course, as a tax specialist, that is precisely what consumes most of my time in December. For better or worse, it’s the time of year not only for “decking the halls,” but also for taking wise steps to reduce your tax bill come April 15.