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Will your student loans affect your tax return?

August 8, 2016

If you have student loans to repay, you may be wondering how that debt will affect your tax return. While repayment of the principal portion of your debt is not tax deductible, you can take an above-the-line deduction for up to $2,500 of interest...

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3 Simple Tips to Keep Your Budget on Track


As we enter the back-half of the year, fatigue may creep in. It's been a long, hot summer and you may be tired from all of the home improvement projects, the constant shuffling from one activity to the next, or even unforeseen expenses that threw a wrench into your budget.

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Keywords: budget, finances

July 2016 Market Insight

August 1, 2016

Where do most people typically invest? Usually, it's in their own back yard.

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Keywords: market, stock market

Plan for the fate of your digital assets

July 24, 2016

An important step in estate planning is creating an inventory of your assets.

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Keywords: digital assets

Avoid penalties by keeping accurate information return records

July 22, 2016

Did you file all required information returns for 2015 and earlier years? Information returns include Forms 1099, the forms you complete when you pay for certain business expenses such as rent or services performed by an independent contractor.

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Get organized and improve your business

July 22, 2016

The art of placing information in a logical order, more prosaically called organization, is key to the efficiency of your business, which can in turn increase productivity. Fortunately, you can master the art of organization by making habits out of simple techniques.

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Six Year-round Tips to Lower your Taxes

By Bill Harvey, CPA   |  July 15, 2016

Waiting until tax time to try to lower your taxes is usually not the most effective way to accomplish your objective. Between now and the end of the year, try some of these ideas and you just might save yourself a few (thousand) dollars at tax time.

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Do you need to file Form 5500-EZ?

July 14, 2016

If your business has a one-participant retirement plan such as a solo 401(k) - for example, if you own the entire business and the plan covers only you, or you and your spouse - you may be unaware that you can have tax filing responsibilities.

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Keywords: form 5500-ez

Follow these suggestions for a comfortable retirement

July 11, 2016

Planning for a comfortable retirement involves coordinating many moving parts. But you can begin by setting up a broad outline and filling in the details once you've taken the first steps.

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Investment Update

By Ryan Gilmer, FPA, Investment Advisor   |  July 7, 2016

For the calendar year 2016, the S&P 500 Index is up 3.84%. As you can see from the chart below, which shows performance year to date, the index has rebounded from its February lows. The 10% decline that ended in February has been recovered.

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Recap from the Chicago Morningstar Investment Conference


Every year, Morningstar, an independent investment research firm, hosts a conference near their headquarters in Chicago. Financial advisors and mutual fund representatives from all over the country come to discuss the current economic environment and...

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Investing During Retirement and Avoiding Uncle Sam’s Tax Booth, Part 2 of 3 in a Series

By Aaron Bates, CFP, Investment Advisor   |  July 7, 2016

People usually spend thirty to forty years saving and investing for retirement. Many become very familiar with the tax rules as they grow their accounts and keep taxes as low as possible during their working years. Then retirement comes and...

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Employee Spotlight – Christopher Bevington, CPA

By Kim Tanner, SPHR   |  July 7, 2016

We'd like to introduce you to Chris Bevington, CPA, who serves as our Tax and Accounting Manager.

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Are you at risk of an audit?

June 24, 2016

According to recent statistics, budget cuts, staff attrition, and a heavy workload for IRS employees mean your chances of undergoing a tax audit are less than 1%.

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Will you be ready for the new overtime pay rules?

June 23, 2016

In May, the Department of Labor updated the rules for paying overtime. Under the new rules, salaried employees who earn less than $913 per week ($47,476 per year) will be eligible for overtime pay. That’s double the annual exempt amount of $23,660 from previous rules.

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Follow these steps to a comfortable retirement

June 23, 2016

Planning can help you achieve a comfortable retirement. Here are five suggestions to consider.

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Understand basis to save tax dollars

June 5, 2016

Basis is an important tax concept. The most recent reminder of the importance of getting basis right is the 2015 law that requires executors of some estates to report basis...

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Keywords: tax basis

Retiring this summer? Plan for estimated tax payments.

June 4, 2016

Early retirement, delayed retirement, phased retirement - if you've decided this summer is your time to leave the workforce, you have decisions to make. One of them

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Keywords: retirement

Are You Managing Your Retirement Account Correctly?

By Ryan Gilmer, FPA, Investment Advisor   |  June 3, 2016

Retirement accounts are massively important - once you stop working full time, they become your new source of income. But they are also important during your working years.

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Report your foreign financial accounts by June 30

June 3, 2016

June 30, 2016, is the deadline for filing the 2015 Form 114, Report of Foreign Bank and Financial Accounts, known as the FBAR.

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Did you get your new “chip” card?

June 2, 2016

The latest credit cards have a new feature: a half-inch square on the card's face that looks like a mini circuit board.

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Keywords: chip card

May 2016 Market Insight

June 1, 2016

As the weather has warmed and plants have begun to blossom, US markets have also started to show signs of life..

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Keywords: sstock market  |   0 comments

Make June business tax planning time

June 1, 2016

Looking for suggestions to reduce your 2016 business tax liability? Here are three tips to consider as summer gets underway.

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Your business may qualify for this extended tax break

May 25, 2016

The Work Opportunity Tax Credit gives employers a tax credit for hiring veterans and others who are members of “target” groups.

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How to respond to an IRS notice

May 24, 2016

If you find yourself on the IRS mailing list, here’s what to do.

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Keywords: irs notice

Protect your family elders from tax and financial scams

May 20, 2016

The "Older Americans Reauthorization Act of 2016" was signed into law in April, and May is Older Americans Month, a national celebration of the many contributions of older Americans.

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Simplify your tax life by organizing your chart of accounts

May 20, 2016

If you haven't revised your business's chart of accounts since you initially set it up, you may be missing out on an easy way to simplify your life at tax time.

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Department of Labor Changes to Over-time Laws Expected Soon

By Kim Tanner, SPHR   |  May 4, 2016

Changes to the Fair Labor Standards Act are expected to be released the week of May 9th. These changes will force employers to rethink how they classify their white collar workers...

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April 2016 Market Insight

May 2, 2016

The trends from the first quarter of the year continued in April, as major index returns remained muted and growth stocks underperformed.

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Keywords: market, stock market

Are bad business debts a tax deduction?

April 28, 2016

If you're in business long enough, you'll run into a customer who doesn't pay you. Despite your best efforts, you may conclude that you'll never receive the money.

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