Tax Rules Affecting Your 2016 Federal Income Tax Return

Tax rules 2016

Tax rules 2016

Are you up-to-date on the tax rules affecting your 2016 return?

Here’s a quick review of some of the rules you can expect to encounter when you get ready to prepare your 2016 federal income tax return.
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Posted in Tax laws

December 2016 Tax Reminders & News You Need to Know

December 2016 Tax News

Tax News December 2016

The following are the tax dates to remember for December 2016:

  • December 15
    Due date for calendar-year corporations to pay the last installment of 2016 estimated income tax
  • December 31
    Deadline to complete 2016 tax-free gifts of up to $14,000 per recipient
  • December 31
    Deadline for paying expenses you want to be able to deduct on your 2016 income tax return

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Posted in News, Tax filing deadlines

Strategies on How to Survive Potential Business Disasters

Business disasters
Disasters, natural or otherwise, could ultimately lead to your company’s demise. Fortunately, advance planning can keep you on track. Here are seven scenarios to be prepared for with strategies on how your business can survive them.
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Posted in Business Tips

Tax News: Year-End Tax Review & 2017 Health Insurance Enrollment

November 2016 Tax News: Year-End Tax Review & 2017 Health Insurance Enrollment

Start Your Year-end Tax Review Now – Save Yourself Some Stress

An important part of our service to you is to help identify actions you can take before year-end to minimize your personal 2016 federal income tax bill. Accelerating or delaying income and deductions, contributing to retirement plans, and taking investment losses are just a few of the strategies you might want to consider. Here is a checklist to help you get started.
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Posted in Tax Planning

New IRS Procedure for 60-day Rollover Errors

New IRS Procedure

New IRS Procedure

Did you inadvertently miss the 60-day time limit for making an IRA or retirement plan rollover?

Thanks to a recent change in a new IRS procedure, requesting forgiveness for an IRA rollover error may a bit simpler now. You may be able to avoid taxes and possible penalties by notifying your account trustee with a “self-certification.” Here’s what you need to know:
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Posted in IRS News

3 Simple Habits for Making Smart Financial Decisions

3 Simple Habits for Making Smart Financial Decisions

Smart financial decisions

Smart Financial Decisions Are Simple – But Not Easy

Seeing purchases your friends post on social media can leave you envious – and might also foster a desire to buy a similar item. That can be a problem if your goal is long-term financial freedom, because spending money on items you may not need can derail your plans. The following three simple habits can help you stay on track.
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Posted in Financial Planning

Tax Filing Reminders October 2016 – Year-end Business Tax Savings

October 2016 tax news

October 2016 tax filing deadlines & news

Are you wondering what the tax filing deadlines are for October 2016? Would you like tips on year-end business tax savings?
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Posted in Business Tips, Tax filing deadlines

Financial Strategies to Navigate Troubling Economic Times

financial strategies

Financial Strategies

Reacting badly to bad national economic events can turn a challenging situation into a devastating one. When troubling headline news comes your way, consider these financial strategies before making financial moves.
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Posted in Financial Planning

2017 HSA Limits & FSA or HSA? Choosing Between Health Accounts

FSA or HSA? Choosing Between Health Accounts

IRS Sets 2017 HSA Limits

The IRS announced inflation-adjusted limits for deductible contributions to health savings accounts (HSAs) for 2017.
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Posted in IRS News

Tax Filing Dates: September – October 2016

Tax Filing Dates: September - October 2016

Tax file dates September-October 2016

Tax Filing Dates for September and October 2016

As a reminder, the following are important tax filing dates to remember as we head into the fall season.
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Posted in IRS News, Tax filing deadlines