Podcast: Backdoor Roth IRA

Podcast: Backdoor Roth IRA

Currently, it looks like the tax rate will be going up, especially for those in the higher brackets. If rates are expected to be higher when you retire than what they are now, Roth IRAs should be a part of your tax planning conversation. The problem is that if your...
Podcast: Business Tax Planning in 2021

Podcast: Business Tax Planning in 2021

Last week we talked about tax planning for individuals based on the potential changes in Washington. Today I want to talk about business tax planning. Just like individuals, this year may be the time to recognize income and delay deductions which is different than a...
Podcast: Tax Planning in 2021

Podcast: Tax Planning in 2021

As we move into the 4th quarter now is the time to begin to look at tax planning for 2021. With the potential for big changes in Washington, this may be the year to do tax planning a little differently. What do you mean by a little different? This may be the year to...
Podcast: Benefits of Rental Real Estate

Podcast: Benefits of Rental Real Estate

There are a lot of different types of rental real estate. There are people renting out their personal residence or vacation property, people purchasing property for residential rentals and others who are doing commercial rental. All these have their own differences....
Podcast: Employee Retention Credit and PPP

Podcast: Employee Retention Credit and PPP

One thing that I hear quite a bit is what do tax accountants do in the summer. You would be surprised how busy our summers are. There are always projects for clients that need to be done. This summer, we are doing a lot of work with the Employee Retention Credit. I...