Facing the Possibility of Incapacity
There are many factors to consider when you are planning for the potential for incapacity, even when you have substantial financial resources available for your long-term care. We explain this this Estate Planning Tip.
Driving For Uber Or Others? Your Tax Situation Is Unique
If you schlep people around town as part of a ride-sharing service, you are considered self-employed and have a unique tax situation that warrants attention! We explain in this week’s Tax Tip.
Demographic Dilemma: Is America’s Aging Population Slowing Down the Economy?
Roughly 1.2 million baby boomers will retire this year. And next year. And the year after that, and so on. We take a look at what that may mean for our economy in this week’s Financial Tip.
Loss of Tax Deductions, Gains of Tax Credits
Bil Lako, CFP®, explains while everyone lost personal exemptions, many more taxpayers gained the child tax credit. Read the Article on Sean Hannity’s Website
QuickBooks Tip: Working with Downloaded Transactions
QuickBooks Online does more than simply download financial transactions: It lets you define them in greater detail. We explain in this QuickBooks Tip.
Recharacterization is Off the Table
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how going forward, Traditional to Roth IRA conversions are a permanent decision for investors. Read the Article
Refinancing Your Mortgage
There are many reasons to refinance your home besides getting a lower interest rate. We explore the reasons in this week’s Financial Tip.
Loophole for Specified Service Businesses to Qualify for the 20 Percent Tax Deduction
You heard the headline that “service businesses” weren’t eligible for a 20% deduction on pass-through income, however, you can still get the deduction if your joint taxable income is less than $315,000. We explain in this Business Tip.
In the News: Loophole for specified Service Businesses to Qualify for the 20 percent Tax Deduction
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that some “specified service or trade businesses” can still qualify for the 20% deduction on qualified business income. Read the Article
Not All Interest Is Deductible For Taxes
Not all loan interest is the same! The rules for deducting interest on your taxes depend on whether the loan proceeds are used for personal, investment, or business activities. We explain in this week’s Tax Tip.