Blog

In the News: The Student Tax Scam

IMPORTANT: Please pass this information on to each of your children and any family with kids in school. Your best defense is awareness. With school just around the corner, the IRS has reminded us to pay attention to a new scam that is targeting students and their parents. Here is… Read More

Ideas to Improve Your Cash Flow

One of the most common reasons businesses fail is due to lack of understanding of cash flow. The same can be said about your household’s personal financial statement. So what is this cash flow concept, how does it apply to you, and what are some ways to improve yours? Cash… Read More

Tips to Make School Expenses Deductible

It seems like summer has just begun and the Back-to-School advertising blitz has already started. Are there tax savings opportunities within this nightmare for our kids? Certainly, if you are tax smart about your spending. While the amounts may be small, they can add up in a hurry. Here are… Read More

Hotel Safety Travel Tips

As summer vacations continue through the month, please take a moment to review Traveler Safety Tips provided for those who stay in hotels and public lodging. These tips are provided courtesy of the American Hotel and Lodging Association. Be safe out there! Don’t answer the door in a hotel or… Read More

Charitable Donations from Your IRA

Can you take advantage? One of the temporary tax provisions made permanent as part of the tax code in late 2015 is qualified charitable distributions from IRAs for those who have reached age 70½. Unfortunately in 2014 and 2015, the law was extended too late during the calendar year to… Read More

Plan for Tax Filing Season Changes

In an effort to reduce the amount of money paid to identity thieves who file fraudulent returns, the IRS will be implementing changes in the timing and way they handle the processing of tax returns. These steps will continue to evolve, but recent changes will impact millions who depend on… Read More

The IRS is Not Always Right

Quotes from actual IRS correspondence received by clients: “Our records show we received a 1040X…for the tax year listed above. We’re sorry but we cannot find it.” “Our records show you owe a balance due of $0.00. If we do not receive it within 30 days, appropriate collection steps will… Read More

Ten Clever Vacation Tips

Summer often means vacations. And for those who wish to travel light with few surprises, here are ten clever vacation tips. The 5, 4, 3, 2, 1 rule. Having trouble packing light? Consider using a popular online technique called 5, 4, 3, 2, 1. There are a number of versions… Read More

Protecting Your Social Security Number

              Very few things in life can create a higher degree of stress and hassle than having your Social Security Number (SSN) stolen. This is because, unlike other forms of ID, the SSN is virtually permanent. While most instances of SSN theft are outside… Read More

2017 Health Savings Account Limits Announced

The savings limits for the ever-popular Health Savings Accounts (HSA) are now set for 2017. The new limits are outlined here with current year amounts noted for comparison purposes. What is an HSA? An HSA is a tax-advantaged savings account to pay for qualified health care costs for you, your… Read More