Since we’re in the season of giving and we so love this season, I thought this would be a great subject to tackle! What Is A Gift Tax? A gift tax is the tax on money or property that one living person gives to another. Items received upon the death of another are...
One of the most common reasons a company may have a high turnover rate in terms of their employees is because they don’t recognize their hard work enough. This is backed by various studies that show that employees yearn for some sort of recognition when...
For business owners, it is important to be able to examine the financial structure and health of their business. Although there does not need to be any negative concerns with a business to prompt an owner to want to take a deeper look into the finances of the...
For over 12 years of providing professional tax advice and helping my clients build financial vision, I’ve found there are three financial principles that are true for most people: The more you make, the more you spend. “Goals not written down are just wishes.”...
For many taxpayers there is minimal information necessary to file their income taxes. Other taxpayers have multiple sources of income that must be reported, as well as various deductions and credits that must be considered. Regardless of which category you fall into...
We have been getting this question a bit this year already and we would love to help clarify – at least in part. If I can separate ‘expenses’ into three main categories I can address each of them in a simpler manner. Personal Expenses Personal expenses – which are...
