Tax News & Insights from Tax Centers of Georgia
7 Strategies to Maximize 401(k) Savings in 2025
Whether you are planning to retire in 2 years or 20, you should be looking for ways to maximize 401(k) savings. Many Americans do not have nearly enough to retire, according to recent reports. According to the Retirement Income Institute and Alliance for Lifetime...
15 Ways to Save Money on Extracurricular Activities
As the school year creeps closer, most parents are laser-focused on notebooks, backpacks, and new shoes. But there’s another major expense waiting just around the corner – and it’s one that often flies under the radar until it’s too late: Extracurricular...
Gen X Is Retiring Soon. Are They Ready?
Gen X is retiring soon. Are they ready? The outlook isn’t great. Gen X is the first generation to rely primarily on their own individual savings through 401(k)-like plans for retirement. They were tossed into DIY retirement planning with little support. As...
What Happens When People Stop Contributing to a 401(k)?
Given the uneasiness with the world and the economy, people have been asking more frequently if they should stop contributing to a 401(k). The short answer is no. History has shown that those who hang on and keep contributing, even during times of uncertainty, wind up...
401k Plan Rollover Delays: New Data Reveals Shocking Cost”
While much of the financial world has gone digital, 401k plan rollovers are still stuck in the past with paper forms, mailed checks, and weeks-long waits.
Stop the Bleeding: Protect Your Family’s Future From the Looming Retirement Tax Trap Before It Is Too Late.
Prepare for rising taxes by exploring CARES Act strategies and tax-free retirement alternatives to protect your 401k and IRA assets.
Atlanta advisor John L Mills Tax Centers of Georgia interviewed in Detroit during 1200 point stock market drop
WITH STOCK MARKETS TUMBLING, RESIDENTS INCREASINGLY WORRIED OVER 401(K) AND RETIREMENT PLANS ANCHOR HUEL PERKINS: Many of us who invest in the stock market are feeling a little bit rattled right now. ANCHOR MONICA GAYLE: But is...
Stop the Panic: Is the Coronavirus Recession Threatening Your Family’s Financial Future?
Understand market volatility and coronavirus impacts. Learn key financial terms and compare 401(k) vs. IRA plans to secure your retirement future.
Business Tax, a Secret IRS Gift to Business Owners
Stop Overpaying your Business Tax by Hundreds of Thousands of Dollars per year!
Why You Should Love Your Stinkers
Why You Should Love Your Stinkers We have had quite a few emails and calls about the 9 Ways to Reduce Your Taxes attachment in the November newsletter. Most of the questions were about the “wash sale” rule typically used in selling stocks so let’s spend some more time...
Tax Doctor
- Why Didn’t My Tax Preparer Tell Me That?When you start tax planning with a new client, the first thing people often ask is why the accountant or CPA they are using doesn’t think or act the way you do in discussing the hunt for possible tax savings. After all, the current CPA is smart, trustworthy, running a successful accounting business and well […]
- Yes, You Can Change Your Tax Outcomes After December 31st!At this time of year many people who were getting a refund have already filed their tax return. It leaves the remaining majority of folks who, despite having withholdings, are still going to owe additional tax. We talk a great deal about tax planning and changing behaviors to achieve better outcomes in the future, but […]
- Tax Season Is Here Again! Choose Apples or Oranges.There are many ways a tax return can be done that are all OK with the IRS, but only one of those ways nets the largest refund! People need to understand this across America, and we talk about tax planning constantly. We blog, tweet, post, email and on and on, yet we as an industry are not […]