Uncertainty Hampers Year-End Tax Planning – November 2017

As of this writing, year-end tax planning is clouded by questions about federal legislation. President Trump and many of the Republicans in Congress favor changes that would affect the tax code. Currently, the success they’ll have in their efforts is difficult to predict.

What’s Inside

  • Uncertainty Hampers Year-End Tax Planning
  • Year-End Planning for Investors
  • Year-End Retirement Tax Planning
  • Year-End Tax Planning for Charitable Donations
  • Year-End Business Tax Planning
  • Tax Calendar
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Prepare Your Kids for Financial Independence – October 2017

An AICPA survey discovered that parents are more likely to talk with their children about manners, eating habits, school grades, and substance abuse than about finances. All these topics are important, but it’s also vital to teach your kids the basics of handling money.

What’s Inside

  • Prepare Your Kids for Financial Independence
  • New IRS Ruling May Rescue Estate Plans
  • Tax Court Approves 100% Business Meal Deduction
  • Tax Calendar
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Ginnie Mae Funds for Your Retirement – September 2017

Many people prefer to have some conservative holdings in their IRA’s and other retirement accounts. This century has already produced two nasty bear markets (in 2000-2002 and 2007-2009). If a third downturn occurs, investors will be glad they held some defensive positions, which might minimize losses and possibly offer gains.

What’s Inside

  • Ginnie Mae Funds for Your Retirement
  • Tax Credits Beat Tax Deductions
  • R&D Tax Credits for Small Companies
  • Tax Calendar
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College Costs Really Are Increasing Again – August 2017

The College Board reports that the average published charges for tuition, fees, room, and board at private, nonprofit, four-year schools were over $45,000 in the 2016-17 academic year. At public universities, the average charge was around $20,000 for state residents. Both numbers are the highest on record.

What’s Inside

  • College Costs Really Are Increasing Again
  • Start FAFSA Planning Earlier
  • Asset Allocation in 529 Plans
  • Outlining the Trump Tax Plan
  • How Small Business Retirement Plans Compare
  • Tax Calendar
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Calculating Retirement Needs – July 2017

A staple in retirement planning is the search for “your number.” That is, how much money do you need to accumulate in savings and investment accounts so you can afford to stop working? Life expectancy is increasing, so the amount you have when you retire might have t last for decades.

What’s Inside

  • Calculating Retirement Needs
  • Taxable Versus Tax-Deferred Accounts
  • Small Companies Can Do Well While Doing Good
  • Tax Calendar
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The Third Best Investment You Can Make – June 2017

The second-best investment you can make is paying off high interest rate debt (see CPA Client Bulletin, August 2016). That could come after you’ve contributed enough to your 401(k) to get a full match from your employer. What should come next? If you have no expensive debt to pay down and you’re getting the full employer match, where should you direct your money? Here are some suggestions.

What’s Inside

  • The Third Best Investment You Can Make
  • Prenups Can Serve Many Purposes
  • Solo 401(k) Plans for Companies Without Employees
  • Tax Calendar
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