Déjà Vu All Over Again
Investment fads are nothing new. When selecting strategies for their portfolios, investors are often tempted to seek out the latest and greatest investment opportunities.
Over the years, these approaches have sought to capitalize on developments such as the perceived relative strength of particular geographic regions, technological changes in the economy,…
Multi-state Resident? Watch Out for Double Taxation
Contrary to popular belief, there’s nothing in the U.S. Constitution or federal law that prohibits multiple states from collecting tax on the same income. Although many states provide tax credits to prevent double taxation, those credits are sometimes unavailable. If you maintain residences in more than one state,…
How to Trim the Fat from Your Inventory
Inventory is expensive, so it needs to be as lean as possible. Here are some ways to trim the fat from your inventory without compromising revenue and customer service.
Objective inventory counts
Effective inventory management starts with a physical inventory count. Accuracy is essential to knowing your…
After a historically calm stock market in 2017, volatility returned in 2018. In helping clients build financial plans, we start by understanding their goals and objectives. Putting this information together, along with your personal risk tolerance, helps us arrive at our recommended allocation to stocks and bonds. Foundational in all of this planning are the…
Nonqualified deferred compensation (NQDC) plans pay executives at some time in the future for services to be currently performed. If you participate in such a plan, or your business offers one as an employee benefit, it’s critical for everyone involved to abide by the applicable tax rules. Of course, in the hectic course of the…
As 2019 approaches, volatility has returned to the stock markets. With that volatility comes a feeling of insecurity as investors watch their statement values go up and down. During these times, the conventional wisdom is that diversification can help smooth out the ride. However, US stocks have outperformed non-US stocks in recent years.
For the…
The Credit for Increasing Research Activities was first enacted in 1981 and is one of the most valuable tax credits available to companies spending money on qualified research activities. Each year the R&D credit yields billions of dollars in federal and state benefits to those companies experimenting with new technologies, creating new products, implementing new…
Life Change Reviews
An extremely important component of owning a life insurance policy is periodically reviewing the coverage to make sure it is addressing your current needs. All too often, people’s lives change while their life insurance coverage remains the same — periodic reviews will ensure that your coverage is meeting your current goals.
Some…
A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash?
2 benefits from 1 gift
Appreciated publicly traded…
The Tax Cuts and Jobs Act (TCJA) created more than 100 new tax provisions — a staggering thought as you begin to prepare for the next filing season. The good news is that these and some of the surviving provisions create a wealth of year-end planning opportunities.
Choose the right approach to deductions
Many taxpayers…
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