Tax Planning & Preparation
Minimize both your current and future tax liabilities.
- The Light Bulb MomentEver had a “light bulb” moment? I have been driving for many years. I’ve driven at least a million miles and I own a few cars (I collect certain types), and when driving my spouse’s car or one from the collection that I haven’t driven in a while, inevitably it’s time to gas up. I […]
- Tax Planning Is Like SurfingNot that we get much surfing here in the Northeast, but we have seen plenty of footage all the way back to the competitions on ABC’s Wild World of Sports. Yup I’m that old. The surfers sit and look at the horizon and anticipate the size of the waves. It’s not an exact science, but they make […]
- Don’t Let The Tax Tail Wag The Dog! It’s A Giant Cop-Out At Best And Malpractice At Worst.In the “old days”, you went to the general store for your dry goods, the blacksmith for your horse shoes or tool repair and likely had your own cow and chickens for milk and eggs. Fast forward, you went to a lawyer to get a will, an insurance man to get a policy and an […]
- Use the Government Shutdown As a Lesson In Your Own Tax ManagementThere are many types of taxpayers, but three common categories are: A. Those who are getting a refund which is “our money” back. B. Those who are getting their own money back and think it’s a refund but it’s really not. C. Those who are paying in, and not getting a refund. The first are […]
- Don’t Drive Past the Best Tax Deduction Option For CarsDuring tax season an often overlooked opportunity comes from not fully understanding how you can use your cars as a tax deduction on your tax return. It is very common for people who have a Schedule C sole proprietor type business to claim their mileage on automobiles, but the privilege of using personal deductions on […]