Blog Posts

Income tax planning can be critical to your financial success. Navigating our complicated federal pay-as-you go income tax system can be difficult. Adding further complexity, you must understand and adapt to changes in tax laws and in your personal circumstances. In each tax year, it is important to ensure that you are properly paying your federal income tax liability in order to avoid penalties. Frequently, individuals may need to make estimated payments to avoid penalties for late payments and/or underpayments.

Planning for the sale, disposition, or succession of one’s business is a challenging process. This topic may be on your mind as a business owner, yet many struggle to take action and start planning.

Where should you start? What questions should you ask when addressing your exit strategy?

One thing to note: we RARELY hear people say they started the process too early. Consider starting earlier than you have planned, as these transitions are often years in the making.

This checklist covers key issues to consider when making decisions regarding the sale, disposition, or succession of your business, such as:

The start of a new year is a great time for a financial check-up and to consider the various factors influencing your financial planning. In addition to reflecting on the prior year, many are motivated in January to consider making financial resolutions for the future.

By Marc C. Shaffer

With a few short days left in my 30s, I’ve been reflecting on the choices young adults make in their 20s and 30s that can either set them up for success in their mid-life decades or could potentially set them up for failure. Here are a few potential mistakes I would talk about with people in this age group.

There are lots of important numbers that relate to your financial affairs, and they come from many sources. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change, but are used frequently or you want to be able to easily access them when needed.