It’s hard to be logical all the time about everything.  The most financially successful tax clients we serve at least attempt to force themselves to be logical, for their own benefit.  For instance, our parents, as well as a subset of the economy including some popular radio show based advisors like Dave Ramsey say you… Read More

Well, at least the basic outline of what Trump would like to change in the Tax code is out, and for many Americans, it’s very good news. But we say that tongue in cheek.  It’s good news if you hire or become a pro-active tax planner. Why do we say that you have to be… Read More

With tax season behind us, we have started to reflect on the amount of people that we saw in our office and some of the stark realities that we discovered while serving the public.  Estate planning is not a sexy topic.  But, that’s why, as we’ve been preparing people’s tax returns this year, we came to realize… Read More

That’s actually a good thing!  Many people this time of year, the busiest season, are rushing to try to throw their taxes together.  They’re doing so with regret in their heart because they promised themselves last year that they would be in better shape to get their taxes filed on time.  Yet, here they are, files here,… Read More

A tax extension is a request for more time in which to send returns to the federal or state taxing authorities in which you owe tax. A request for more time is not an extension of more time to pay any tax due. The federal and/or state need to receive 100% of all tax due… Read More

With tax season under full swing and documents from broker/dealers and other investment companies coming out later and later, you can definitely smell the tax “angst” in the air.  The amount of pressure that tax offices and their clients seem to be under is palpable.… Read More

During tax season a very common opportunity often missed comes from understanding how you use your cars as a tax deduction on your tax return.  It is very common for people who have a schedule C sole proprietor business to claim their mileage on automobiles, but the privilege of using personal deductions on a tax… Read More

The deadline to filing Partnerships, C-Corporations, and S-Corporations is approaching quickly. The deadline to file your clients’ business returns are March 15th, 2017 and unless they are ready by then they will be subject to fees and penalties. An extension will give them an additional six months to file their business return, so they will… Read More

I’m trying to improve myself as an advisor every day, and I was thinking about my current yesterday while having a conversation with my better half and they asked me, “How do you think they feel about the accounts they aren’t managing with you?” That really set me back and I actually lost sleep, so… Read More

Tax Season is just starting, but the folks that are coming into our offices remind me to remind everyone of a few good housekeeping tips that will make the season easy to deal with from the taxpayer’s perspective, and successful in not overpaying income tax due to lack of having proper documentation of legal deductions.… Read More