Of the many life events you face, getting an increase in pay may be one of them. Then, the planning begins for the next big purchase, increasing savings or investing. Keep in mind that significant jumps in income can change your tax bracket. With this...
The gig economy is here to stay. One report suggests that it will change traditional employer/employee roles. Employers use technology, work-from-home, and other cultural shifts to maintain their staff. Right-sizing the workforce is part of expense management. However, workers are taking a stand and creating opportunities...
What gets you going – failure or success? Failure and success are experiences that we face every day. Certain types of failure help us to become critical thinking, goal-oriented problem-solvers. With that being said, failure is not necessarily a terrible event; but, may be a...
Tax Day, April 17, has come and went. How did you do? With the signing of the Tax Cuts and Jobs Act, due diligence should be a forethought versus an afterthought. Below are best practices most taxpayers should consider: Implement processes to preserve your important documents. There is a...
What does your income tax return say about your finances? Many taxpayers may respond, “great question.” Then we may hear crickets (silence) sort of speak. Let this not be your response. With the enactment of the Tax Cuts and Jobs Act, we have a new...
The education of young people is a debated topic within our society. The Tax Cuts and Jobs Act authorized 529 plans (e.g., prepaid tuition) to pay for tuition for K-12 like private and religious schools. Parents will use this opportunity to send their kids to...