It is the taxpayer’s responsibility to keep records of distributions made to charity and contributions to their IRA and account for those on their tax return.
On January 14th, President Biden presented his plan, titled the American Rescue Plan, for the next round of economic aid related to the ongoing pandemic.
The aid package was just one part of a larger funding bill, and it contained many provisions, most notably an additional round of direct payments to Americans.
Guest Blogger Eric Wahlstrom, CPA. With easy access to online or off-the-shelf software, preparing your own tax return is often appealing as an affordable, logical option.
2020 is a year we’ll all remember though in many ways we want to forget it.
It’s one thing to turn in the office keys and ride off into the sunset as a former W-2 employee, but what about those who started and built businesses?
Since we are close to flipping the calendar to 2021, this is a great time to sit down and reflect on the past financial year and anticipate what might be ahead.
One of the things married couples often do not consider in their planning is what I like to call the “Invisible Tax.”
Homes are commonly thought of as investments. It’s easy to see why. For most of us, it’s the single biggest thing on our balance sheets for years.
It is the taxpayer’s responsibility to keep records of distributions made to charity and contributions to their IRA and account for those on their tax return.
On January 14th, President Biden presented his plan, titled the American Rescue Plan, for the next round of economic aid related to the ongoing pandemic.
The aid package was just one part of a larger funding bill, and it contained many provisions, most notably an additional round of direct payments to Americans.
Guest Blogger Eric Wahlstrom, CPA. With easy access to online or off-the-shelf software, preparing your own tax return is often appealing as an affordable, logical option.
2020 is a year we’ll all remember though in many ways we want to forget it.
It’s one thing to turn in the office keys and ride off into the sunset as a former W-2 employee, but what about those who started and built businesses?
Since we are close to flipping the calendar to 2021, this is a great time to sit down and reflect on the past financial year and anticipate what might be ahead.
One of the things married couples often do not consider in their planning is what I like to call the “Invisible Tax.”
Homes are commonly thought of as investments. It’s easy to see why. For most of us, it’s the single biggest thing on our balance sheets for years.
Did you know that there are just four uses of money? They are Owe, Grow, Give, and Live.
That’s when I realized, constructing a basement wasn’t all that different from constructing a financial plan.
An important part of building out a financial plan is determining goals. Goals help us look at a financial plan with the “end” in mind.
