Financial Planning Insights

Last week, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This relief package's purpose is to aid struggling businesses' and workers during the COVID-19 pandemic. Soon there will be many new resources available to business owners through the Small Business Association (SBA) such as: 

Last week, the Internal Revenue Service (IRS) announced that individuals and businesses would be getting a 90-day payment and filing extension. Due to the emergence and spread of COVID-19 in the United States, the Treasury Department and the IRS stated that they are providing special payment relief for individuals and businesses.

Buying real estate for investment reasons can be a lucrative business. However, it is vital to make certain your accounting is in order and taxes are paid accordingly. Understanding the income and expense requirements the IRS dictates will protect you from paying unnecessary taxes or making a costly mistake on your tax return. A tax return with..

Owning real estate rental property can be a profitable business, but it also comes with a lot of work. In addition to maintaining the property, managing repairs, advertising and more, rental property owners must prepare all year for the tax return filing. Having a tax plan in place throughout the year will help to make the end of the year filing..

Remote and traveling employees have long been a choice for many companies. However, at present, many many more companies are electing to move their operations completely online. For businesses that have recently made these decisions, or are currently in the process of making them, a lot of questions can arise. One in particular is tax..

Confused by finances? Unsure about insurance? You’re not alone, especially if you’re breaking out for the first time on your own! After all, if financial planning weren’t so complex, there would be no need for financial experts and economists. Thankfully, you don’t need a degree in finance to protect your wallet and make smarter choices with your..

It's that time of year - tax time! A major component of proper and timely filing of your small business tax return is getting organized. Many small business owners are not ready when tax time rolls around and a tax preparation checklist can assist with knowing where to start.

Real Estate investing can be a lucrative business. If an investor makes wise decisions in terms of the type and condition of a property, the financial benefits can be multi-faceted. Not only is real estate investment a good source of income, it has tax benefits as well. These benefits can assist in taking advantage of tax strategies to avoid..

Owning a small business has its rewards but the details can become time-consuming and cumbersome. Understanding all of the rules of financial reporting is a daunting task that can be costly if mistakes are made. However, the good news is that using best practices to record your financial accounting can help you grow and improve your business...

With all of the new tax laws, many people are wondering if the student loan tax deduction has been taken away with the new Tax Cuts and Jobs Act. The exclusion was included in the original version of the law changes but, fortunately, was later removed. Student loan interest deductions come directly off of your adjusted gross income, thus lowering..