Financial Planning Insights

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..

As a small business owner, chances are that you have an office at home where you work into the wee hours of the morning. Your small business can take up a great deal of time to manage successfully and a home office is one way that you can still be at home to have some family time.

The additional time at home is just one advantage of your home..

It's almost tax time. Those words are not usually associated with a positive thought. That is why it is important to start now getting your tax information organized and take advantage of any last minute tax write-offs. Many high net worth individuals know that a big part of tax planning strategy is to be considering your tax situation all year..

One of the vast number of employee perks that are offered now to draw new employees is the provision of life insurance. Most medium-to-large size companies, as well as some small businesses, provide group life insurance for workers, managers, executives and owners. Group life insurance is an inexpensive way to give employees a valuable benefit...

In June, 2018, the FASB published new accounting standards for contributions. As nonprofits receive the bulk of their support from donors, these new practices will affect them the most. The new non-profit tax planning rules will not only influence how contributions are represented on financial statements but also how a nonprofit's supporters will..

As the great American Ben Franklin once said: "In this world, nothing can be said to be certain, except death and taxes". If you own a business or are a high net-worth individual, tax planning is important. While financial planning may already be something that you are seriously either considering or implementing, a good financial plan should also..

What Is a Mutual Fund?

A mutual fund is an account where you pay professionals to invest your funds in diversified holdings. You join a pool of investors who entrust their money to a fund manager, who makes the investment decisions. The portfolio manager is paid from the pool of money in the fund. 

The question of adjusting your payroll withholding is one that everyone who files a federal tax return needs to consider. Not paying attention to your selections can have an adverse effect on your finances. Withholding is one of those things that needs to be looked at yearly, preferably early in the year so that the correct amount of money can be..

A capital gains tax is an income tax the IRS imposes on proceeds from a sale of an asset. Basically, a capital gain is the difference between what you paid for an asset and the amount of the subsequent sale. The assets targeted for a tax on capital gains are capital assets like stocks, bonds, jewelry, a coin collection, and your home.