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Financial Planning Insights

Posts by The Chandler & Knowles Team

How to Perform a Mid-Year Financial Checkup

By The Chandler & Knowles Team | | 0

We all know goals are vital in both business and personal life. Most of us make financial plans with certain goals in mind. We usually use the annual period as a guide to how we're doing. But a mid-year financial checkup is a great tool to catch problems early. Also, it is a great time to make any spending or budget changes that could benefit..

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Required Minimum Distributions in 2021

By The Chandler & Knowles Team | | 0

What are required minimum distributions, and why do you need to make them? Required minimum distributions (RMD) are funds that must be removed each year from pre tax-funded retirement plans after you reach the required age, which is now 72. Without RMDs, the possibility exists for an inheritance scenario whereby these funds might never be..

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Five Financial Planning Tips for Young Adults

By The Chandler & Knowles Team | | 0

While you might not feel like early adulthood is a time to worry about financial planning, there are plenty of building blocks that can actually be put into place early on. It can be hard to think about future planning when it comes to finances, but there are simple habits and tips that can help shape your spending and financial goals for years..

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Tips to Finding the Right Financial Planner For You

By The Chandler & Knowles Team | | 0

Financial planning is so important so that you can live comfortably now and in the future when you want to retire. You also want to invest wisely so that your money will continue to grow. A financial advisor is great when it comes to organizing your finances, putting you on a budget, and helping you to plan for the future. However, it can be..

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Financial Planning in your 40s

By The Chandler & Knowles Team | | 0

Although it may seem a bit early to think about retirement, people in their forties should already have a plan in place. But don't let that discourage you if you don't—there is still time to build wealth in your 40s. Social security benefits are not enough to support you, so formulating a plan early will save you from working longer than you..

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Special Needs Trusts: What You Need To Know

By The Chandler & Knowles Team | | 0

Medical problems or disabilities can strike anyone, at any time. A Special Needs Trust is a trust you can set up to help a loved one who is disabled or has chronic medical difficulties. The SNT may consist of any number of types of assets, including cash, patents, jewelry, real estate, stocks, businesses, or other property. 

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Business Taxes: Information You Should Know

By The Chandler & Knowles Team | | 0

If you’re a small business getting ready to file business taxes for the first time, it’s a daunting process. But it doesn’t have to be — as long as you understand some of the subtle nuances. Here are some quick tips for novice taxpayers, brought to you by Chandler & Knowles CPAs.

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Understanding the Importance of Property Tax

By The Chandler & Knowles Team | | 0

Property tax is a type of tax that many individuals as well as legal entities, such as a corporation, need to deal with. When you own any type of property, you must understand all the applicable taxes which may come into play. Knowing these taxes, how the calculation is done, as well as what the payment of them goes towards is valuable..

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Common Tax Mistakes Startup Businesses Make

By The Chandler & Knowles Team | | 0

There are a million little nuances when it comes to business tax law. Each one of these can make a big difference in if you owe, and if so, how much. Startup businesses especially are prone to miss deductions or to misinterpret regulations. This is true when it comes to calculations as well. To help navigate these muddy waters, Chandler &..

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Why Do I Owe On My Taxes?

By The Chandler & Knowles Team | | 0

It is tax time. For some, this is an exciting time because it means a big refund and new furniture or home upgrades. However, for some, it is a nerve-racking, nail-biting, fear-instilling season. Businesses and individuals often find that the amount of taxes they are paying simply isn't enough. At Chandler & Knowles, CPAs, we work with our..

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About Chandler & Knowles CPAs:

Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. Our knowledgable team is committed to providing you with the most detailed information to answer your biggest financial questions and to help make your life less taxing.

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