Too many fail to claim their tax refunds. Could this be you? Here is what you need to know.
From cash flow management and profit enhancement to strategic and succession planning, we can help you and your business work “on” your business rather than “in” your business itself.
What steps you should take
When was the last time that you reviewed your Social Security records? Waiting until retirement may be too late to correct past errors. Luckily, there are steps that you can take now to be prepared.
Did your paycheck seem a little higher? If so, it could be a tax time bomb. Learn more on our latest “Tax Tip of the Week”!
With the future of Social Security uncertain and company pension plans being cut back, careful management of your 401(k) becomes very important. Here are some basic guidelines to help you make the most of your 401(k) investments.
Adjusted Gross Income (AGI) is a central term in the IRS vocabulary. Can you provide a working definition of the term? Doing so is often the starting point for effective tax planning.
Do you own a traditional IRA, SEP-IRA, SIMPLE IRA, Keogh plan, 401(k) plan, or 403(b) plan? If so, you’ll have to start taking distributions when you reach age 70. If you don’t, you’ll forfeit 50% of the amount you should have taken but did not. Learn more on our latest blog!
Health savings accounts can be used to build tax-sheltered nest eggs that can pay out-of-pocket medical expenses with tax-free dollars. Learn more about the two requirements you need to qualify for an HSA and other details on our latest blog post!
Identity theft is reaching all-time levels. How can you protect your Social Security number from being stolen? Details outlined on our latest “Tax Tip of the Week”!
Estate planning can be a difficult subject, but a solid estate plan ensures that all of your desires are conveyed to your loved ones after you’re gone. Here are a few basic documents you should consider including in your estate plan, detailed in our latest Baker Holtz blog post!