Financial Planning Insights

The Paycheck Protection Program has assisted many small businesses in these difficult COVID-19 times. The Small Business Administration, together with the Treasury Department, have been able to provide this under the CARES Act. Second Draw PPP Loans are now available. Application acceptance for these loans began on January 13, 2021. Second Draw..

One question that many taxpayers are asking is 'how will the election results affect my tax planning?" It is obvious there will be some drastic changes, so getting prepared now is a wise decision. Changes most likely won't affect you this year, but certainly, starting with reporting for 2022, you can expect to see a difference. President Biden's..

As the owner of a business, it is critical to be aware of federal income tax rules as they pertain to depreciation. When you have eligible assets, you can use first-year depreciation write-offs in the current tax year to your benefit. While this may not always be the right thing to do, there are opportunities here for you to take advantage of and..

Sometimes, self-employed folks are so busy running their business that they forget to plan for retirement. If you are self-employed, don't let that happen to you. Those who work for large and medium-sized corporations are regularly reminded by their employers to contribute to their 401-K's, often with an employer match to boot. If you are..

Everyone knows that they have to pay taxes, but very few people know when to start tax planning. If you’re in the same boat, you came to the right place. In this article, we’ll tell you everything you need to know.

Most parents want more for their children than they had. This includes a good college education. However, as the cost of a college education continues to rise, it becomes more out of reach. For this reason, it is important to plan and save for college so that you can afford to help your children reach their goals. Planning financially for college..

The 1031 Exchange is a valuable tool that real estate investors can use to defer capital gains taxes. It takes its name from the section of the IRS Code where it is defined, Section 1031. The basic concept is that of "like-kind" exchange of investment or business property. At its heart, a 1031 Exchange is a trade, but it can be a very complicated..

The world of health insurance is a complicated, often frustrating place. Many companies are interested in offering better, more affordable plans for their employees, but most plans are very similar. The cost of health insurance is prohibitive, the benefits limited, and copays, deductibles, and co-insurance expensive. However, one option to explore..

One of the most important yet often overlooked tasks is estate planning. It isn't pleasant to think about dying and people sometimes think they have plenty of time. However, that can change in a minute and the last thing you want to do is to leave your survivors to deal with all of it. Many people don't prepare because they really don't know where..

The past few months have taken a toll on many of us—whether through the loss of a job, a loved one, building anxiety and concern for finances, or the future of our world—we are all feeling it. There are very few people who haven't felt the effects of the current environment. Perhaps the most concerning is those who are nearing retirement age but..