The 2023 Tax Season: Your Complete Guide

Posted by Kurt DiManna and Jim Kantowski on February 16, 2023
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Topics: Tax News, Wealth Management

Everything You Need To Know For Tax Season 2022

Posted by Jim Kantowski, CFP®, CPA on February 23, 2022
It’s the most wonderful time of the year! No, not the holidays—it’s tax season 2022.
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Topics: Tax News, Wealth Management

Recent Changes to the Child Tax Credit

Posted by Bill Hufnell, CPA, CFP® on June 30, 2021
Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain taxpayers Is fully refundable (meaning you can ...
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Topics: Tax News

Minimizing Taxes In Retirement: Top 4 Tips

Posted by Jim Kantowski, CFP®, CPA on October 15, 2020
Retirement should be a time of enjoyment, but it can be stressful if you’re not sure whether you’ll have enough money to cover your expenses and leave room for leisure activities. Avoiding taxes in retirement is one way to keep more of your wealth in your bank account to fund the ...
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Topics: Tax News

Two Major Tax Opportunities for Business Owners

Posted by Bill Hufnell, CPA, CFP® on August 14, 2020
Earlier this year a new federal income tax act was passed called the Coronavirus Aid, Relief and Economic Security Act, The “CARES Act.” The act provides two tax planning opportunities that many business owners could benefit from.
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Topics: Tax News, Business Owner News

The CARES Act

Posted by Samantha Sachs, CPA on March 30, 2020
This past Friday, the House of Representatives passed the CARES Act, and President Trump signed the bill into law. The law contains many tax law changes and much needed economic measures. Below are some of the key provisions in the Act.
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Topics: Tax News, Retirement Planning, Business Owner News

Tax Deadlines Delayed Due to Coronavirus

Posted by Bill Hufnell, CPA, CFP® on March 23, 2020
Treasury Secretary Mnuchin announced last Friday the filing date for personal and business tax returns otherwise due on April 15th now have a due date of July 15th. So now, you don’t have to file or pay any federal taxes until the July 15th date.
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Topics: Tax News

New Tax Limits for 2020

Posted by Bill Hufnell, CPA, CFP® on February 03, 2020
Many of the annual limits and tax rates are adjusted for inflation each year. The IRS recently released the inflation adjustment amounts for 2020 amounts. Note that while some of the changes may seem immaterial, sometimes even small changes can save you thousands of dollars in taxes. We have ...
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Topics: Tax News

8 Ways the SECURE Act Could Impact You

Posted by Bill Hufnell, CPA, CFP® on January 03, 2020
Congress passed some significant tax legislation as it recessed for the holidays. One of the new meaningful laws passed on December 19 is the Setting Every Community Up for Retirement Enhancement Act of 2019, otherwise known as the SECURE Act.
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Topics: Financial Planning, Tax News, Retirement Planning

With Tax Planning, It Pays to Think Ahead

Posted by Bill Hufnell, CPA, CFP® on November 07, 2019
We are always thinking taxes Most people only review their tax situation at the end of the year and only consider the current year’s tax planning. Yet decisions you make throughout the year will impact your taxes, and to get the most benefit from tax planning, you need to consider ...
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Topics: Financial Planning, Tax News

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