Targeting and Converting Your Company’s Sales Prospects
May 29, 2019 Knowledge Center
Targeting and Converting Your Company’s Sales Prospects

Companies tend to spend considerable time and resources training and upskilling their sales staff on how to handle existing customers. And this is, no doubt, a critical task. But don’t overlook the vast pool of individuals or entities that want to buy from you but just don’t know it yet. We’re talking about prospects. Identifying […]

It’s a Good Time to Check Your Withholding and Make Changes, If Necessary
May 21, 2019 Knowledge Center
It’s a Good Time to Check Your Withholding and Make Changes, If Necessary

Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten a refund in past years wound up owing money. The IRS reports that the number of refunds paid this year is down from last year — and the average refund […]

Selling Your Home? Consider These Tax Implications
May 17, 2019 Knowledge Center
Selling Your Home? Consider These Tax Implications

Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. Freddie Mac reports that the average 30-year fixed mortgage rate was 4.14% during the week of May 2, 2019, while the 15-year mortgage rate was 3.6%. This […]

Does Your Estate Plan Include a Formula Funding Clause?
May 10, 2019 Knowledge Center
Does Your Estate Plan Include a Formula Funding Clause?

The gift and estate tax exemption is higher than it’s ever been, thanks to the Tax Cuts and Jobs Act (TCJA), which temporarily doubled the exemption to an inflation-adjusted $10 million ($20 million for married couples who design their estate plans properly). This year, the exemption amount is $11.4 million ($22.8 million for married couples). If you’re married and […]

Check On Your Refund — And Find Out Why The IRS Might Not Send It
May 8, 2019 Knowledge Center
Check On Your Refund — And Find Out Why The IRS Might Not Send It

It’s that time of year when many people who filed their tax returns in April are checking their mail or bank accounts to see if their refunds have landed. According to the IRS, most refunds are issued in less than 21 calendar days. However, it may take longer — and in rare cases, refunds might […]

Plug In Tax Savings For Electric Vehicles
May 3, 2019 Knowledge Center
Plug In Tax Savings For Electric Vehicles

While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing an electric or hybrid vehicle, you may be eligible for a federal income tax credit of up to $7,500. (Depending on where […]

Should Your Health Care Plan Be More Future-Focused?
May 1, 2019 Knowledge Center
Should Your Health Care Plan Be More Future-Focused?

The pace of health care cost inflation has remained moderate over the past year or so, and employers are trying to keep it that way. In response, many businesses aren’t seeking immediate cost-cutting measures or asking employees to shoulder more of the burden. Rather, they’re looking to “future-focused” health care plan features to encourage healthful […]

Three Questions You May Have After You File Your Return
April 16, 2019 Knowledge Center
Three Questions You May Have After You File Your Return

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year. Question #1: What tax records can I throw away now? At a minimum, keep tax records related to your return for […]

If Art Donations are Part of Your Estate Plan, Consider These Four Tips
April 10, 2019 Knowledge Center
If Art Donations are Part of Your Estate Plan, Consider These Four Tips

Charitable giving is a key part of estate planning for many people. If you have a collection of valuable art and are charitably minded, consider donating one or more pieces to receive tax deductions. Generally, it’s advantageous to donate appreciated property to avoid capital gains taxes. Because the top federal capital gains rate for art […]

Be Vigilant About Your Business Credit Score
April 9, 2019 Knowledge Center
Be Vigilant About Your Business Credit Score

As an individual, you’ve no doubt been urged to regularly check your credit score. Most people nowadays know that, with a subpar personal credit score, they’ll have trouble buying a home or car, or just getting a reasonable-rate credit card. But how about your business credit score? It’s important for much the same reason — […]

It’s Not Too Late to Make a Deductible IRA Contribution for 2018
April 2, 2019 Knowledge Center
It’s Not Too Late to Make a Deductible IRA Contribution for 2018

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can contribute to a Roth IRA and […]

Stretch Your College Student’s Spending Money with the Dependent Tax Credit
March 21, 2019 Knowledge Center
Stretch Your College Student’s Spending Money with the Dependent Tax Credit

If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not eligible for the child tax credit. But there’s a dependent tax credit that may be available to you. It’s not as valuable as […]