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Every once in a while, we will have a tax or divorce client come in with a settlement agreement which created negative and unforeseen consequences. All assets are not created equally, it’s important to watch out for these and other issues before signing your decree
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As an Enrolled Agent & Certified Divorce Financial Analyst, I’ve helped numerous individuals tackle their tax returns in the early years of their divorce. There are specific rules to follow which can become complex depending on your individual situation.
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Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
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As we shift from summer into fall, it’s important to review your tax withholdings & ensure you’re on pace to cover your 2018 liabilities. Remember that with the overhaul of our tax system via the Tax Cuts & Jobs Act (TCJA), your tax situation may have drastically changed. Now is the time to review your current tax withholdings.
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When I ask people how they envision their retirement, especially younger individuals, they struggle with that question. Envisioning retirement can be different for a lot of people. For me, I absolutely love every minute of what I do. I cannot see myself retiring completely, at least not at this point.
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If you are thinking about hiring a new tax accountant, it will pay to do a little homework now, to ensure you’re finding one that will meet your needs.
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Are you going to stay in your job continue saving your 401(k) hoping that everything will be alright? Or are you going to take the bull by the horns and do something about it?
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With the changes in 2018 due to the TCJA, it’s more important now than ever to ensure you understand your potential tax credits.
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