Maximizing Your Charitable Donation
Many charitable donors plan giving ahead of time, knowing what items will be donated to which organizations. However, not all donations are created equal. The [...]
Income Distribution – Deciding How to Split the Pie
Having partners in a medical practice definitely has its advantages. You have peers to share the workload and to share costs, which often drives up [...]
The Sandwich Generation – Taking a Bite out of the Burden
They call us the Sandwich Generation, the middle layer between grown or growing children who depend on us and parents who also depend on us. Being in this position can sap a family’s resources physically, emotionally, and, of course, financially.
New Item on the Vacation Planner – Pay Taxes
It's February and you're thinking about that dream vacation to an island in the sun, or an exciting discovery of another country's history and culture. [...]
Implementation of Fiduciary Rule Regulations Delayed
The Department of Labor (DOL) spent years creating their 2016 Fiduciary Duty Rule final regulation to define a fiduciary of covered retirement plans. The purpose [...]
Increasing the Standard Deduction Will Decrease Charitable Giving
For tax year 2014, there were 43,965,083 individual tax returns filed that itemized deductions on Schedule A. The total amount of itemized deductions in 2014 [...]
Investment Interest Expenses Deductions Might Not Be Worth Taking
Investment interest, the interest on debt used to buy assets held for investment, such as margin debt used to buy securities, can generally be deducted [...]
New Year’s Resolution: Create a Financial Plan
It seems that every year goes by more quickly than the one before. And each year we make a few promises to ourselves that for a variety of reasons never come to fruition. So perhaps we should make a resolution to keep at least one resolution this coming year.
In the Spirit of Giving
At this time of the year, giving is a high priority for many people. At the same time, tax planning is figuring large in many people’s minds as well. Fortunately there are many ways in which gift giving also can be beneficial for tax purposes.
A Look at President-Elect Trump’s Tax Plan
President-elect Donald Trump’s tax reform plan was released earlier this year. The affects on businesses include: Reducing the top corporate income tax rate from 35% [...]