Raising Kids, Lowering Taxes
Category: Financial Planning » Taxes
Raising kids costs money. But what if I told you that raising kids also lowers taxes? Here are a few areas of tax relief available to parents.
Preparing Your Own Tax Return: Is It Worth It?
Category: Financial Planning » Taxes
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.
Pay Me Now or Pay Me Later | Financial Perspectives (In a Minute)
Category: Financial Planning » Taxes
While this year has had its share of negative financial news, there might be one opportunity to pay some taxes now in order to save some money on taxes later. This week, Kent Kramer walks us through Roth IRA conversions.
Maximize Your Limits
As many people are receiving their first paycheck of 2020, it is important to review your pay stub in order to maximize income. There are several changes you may want to make as we head into 2020.
Life is Full of Taxes
Category: Financial Planning » Taxes
As the calendar races to a close, it’s important to consider the impact of selling securities in a non-qualified (aka brokerage or non-retirement) account. While everyone’s situation is different, it’s important to understand the basics.
Let’s Defrost Taxing Relationships
Category: Financial Planning » Taxes
As a CPA, it's important to remember when working with your clients on their tax returns, their financial advisor can be a great source of help.
Iowa Income Tax Changes Have an Impact in 2022
Category: Financial Planning » Taxes
One of the significant changes in the tax reform bill signed by Governor Reynolds on March 1, is the eventual elimination of federal tax deductibility for determining taxable income. Iowa was one of the few remaining states that allowed taxpayers to deduct federal taxes to determine their state income taxes.
Important Updates on IRA Tax Reporting
Category: Financial Planning » Taxes
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.
Let’s Defrost Taxing Relationships
Category: Financial Planning » Taxes
As a CPA, it's important to remember when working with your clients on their tax returns, their financial advisor can be a great source of help.
Iowa Income Tax Changes Have an Impact in 2022
Category: Financial Planning » Taxes
One of the significant changes in the tax reform bill signed by Governor Reynolds on March 1, is the eventual elimination of federal tax deductibility for determining taxable income. Iowa was one of the few remaining states that allowed taxpayers to deduct federal taxes to determine their state income taxes.
Important Updates on IRA Tax Reporting
Category: Financial Planning » Taxes
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.
Hiking Through the Financial Wilderness
Category: Financial Planning » Taxes
I used to laugh at the TV commercial years ago that stated, “Most people spend more time planning their vacation than their retirement.” It’s funny how your perspective can change with time. Now, I gladly note all details of a personal trip, perhaps as a parallel of my work.
Have You Considered a Cash-Balance Plan?
Category: Financial Planning » Taxes
Many business owners are looking for more tax-friendly ways to save for retirement. A cash balance plan could be the answer.
Game Saving Plays for 2021 Financial Planning
Category: Financial Planning » Taxes
Once the proverbial game clock expires on December 31st, our financial decisions are, for the most part, locked in. There’s no going back. Here are some suggestions to consider for your savings and/or to mitigate the tax bite for 2021.
Feed the Beast
Category: Financial Planning » Taxes
Clarifying the CARES Act for Businesses
Category: Financial Planning » Taxes
Dave Hove, Senior Tax Partner at LWBJ, highlights programs that apply specifically to businesses under the CARES Act.
CARES Act Q&A
Category: Financial Planning » Taxes
Kent Kramer and Zach Dalluge answer some important questions about the Coronavirus Aid, Relief, and Economic Security (CARES) Act.