Another week, another round of updates to the Paycheck Protection Program. This week’s revision comes in the form of an entirely new (albeit brief) piece of legislation called the Paycheck Protection Program Flexibility Act of…
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How to Get Your PPP Loan Forgiven
We’re now about six weeks into the CARES Act and in round two of the Paycheck Protection Program. The $310 billion allotted to the program in round two is beginning to dwindle, but has lasted longer…
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My Top 5 Year End Tax Planning Tips
Happy holidays! It’s now December, and if you blink hard enough (or drink enough egg nog) you’ll wake up & find yourself in January of a new year. For many people, holiday office parties &…
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The Home Office Deduction 101: Simplified Method vs. Actual Expense Method
Even though we don’t currently prepare tax returns for clients at my financial planning firm, tax is a topic that comes up a lot. Many of our clients own businesses, and most of them share…
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A Tax Hater’s Guide to Investing: 5 Tax Free Investment Options Outside of the Roth IRA
Good investing includes minimizing taxes wherever possible. If you’ve followed me or the blog for long you’ve probably picked up on the fact that I’m a big fan of the Roth IRA for this exact…
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How to Evaluate a Real Estate Investment
The concept of acquiring rental properties as a means to build passive income has become exceptionally popular recently. In fact, it’s difficult to peruse the internet for content on personal finance without bumping into videos/podcasts/blogs/courses…
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72t Distributions: The Ultimate Guide to Early Retirement
What’s the most common piece of retirement advice you’ve ever heard? I bet it has something to do with tax advantaged retirement savings. Most people are inundated with voices telling them to start saving early…
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A Beginner’s Guide to Cash Balance Plans
In my financial planning practice I work with a good number of business owners who want to make aggressive contributions to their tax deferred retirement accounts. This helps put them on strong footing for retirement,…
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What You Should Know About the SECURE Act Retirement Bill
Every now and then, lawmakers in Washington make noise about changing various sections of the tax advantaged retirement accounts I’m so fond of recommending to my clients. Now that we’re living substantially longer, and a…
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Maximizing Your 199a QBI Deduction as a Specialized Service Business
As you’re probably aware, we’re working with some new tax laws as of January 1st, 2018. The tax change that will have the most impact for many business owners out there – particularly owners of…
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