Unclaimed Tax Refunds: Don’t Let Your Money Go to Waste!
Did you know that over 1.1 million Americans have left more than $1 billion on the table? That’s right! The IRS recently announced that a staggering number of people have unclaimed tax refunds from the 2021 tax year. If you’re one of them, you have until April 15, 2025, to file your return and claim […]
The Hard Truth About Retirement Savings
Retirement is supposed to be a time for relaxation and enjoying the fruits of your labor, but for millions of Americans, it’s shaping up to be a time of financial uncertainty. Recent data highlights alarming disparities and widespread unpreparedness that could leave many vulnerable in their later years. Disparities in Retirement Savings Social and economic […]
Recycling Debt: Strategies for Avoidance, Management, and Investment
Debt recycling can be a double-edged sword. While it can serve as a savvy financial strategy to convert non-deductible debt (like a mortgage) into tax-deductible debt by investing in income-producing assets, it can also spiral into a problematic cycle when used improperly. This article explores both sides of debt recycling—how to use it wisely as […]
Smart Tax Moves You Can Still Make Before the April 15 Deadline
For many taxpayers, especially W-2 employees, tax-saving opportunities become scarce after December 31. Once the calendar year ends, it’s generally too late to adjust 401(k) contributions, make charitable donations, or engage in tax-loss harvesting. However, there are still a few proactive steps you can take before the April 15 tax deadline to reduce your previous […]
The Role of CPAs in Estate Planning and Execution: Beyond the Numbers
When most people think of CPAs, they picture meticulous number crunchers focused on taxes and compliance. But in estate planning and execution, CPAs take on a much broader and more strategic role, serving as essential partners in securing your legacy. As someone dedicated to helping clients navigate complex financial landscapes, I’ve seen how CPAs can […]
Choosing the Right Tax Preparer: Protect Your Identity and Your Wallet
Tax season can be stressful enough without the added worry of fraud or mistakes. That’s why the IRS is urging taxpayers to carefully vet their tax preparers to avoid identity theft and financial harm. The reality is that while most tax preparers are trustworthy, some engage in fraudulent activities, from promising inflated refunds to misusing […]
Protect Your Wallet: Spotting Financial Scams
As tax season approaches, financial scams tend to rise, targeting individuals and businesses when they are most vulnerable. Scammers exploit the urgency and complexity of tax filings to trick people into divulging sensitive information or making fraudulent payments. As an accountant, I’ve seen the costly consequences these scams can have. Below are some insights and […]
Life Changes in 2024 That Could Impact Your Taxes
Life happens, and with it comes changes that can make a significant difference in your tax situation. Let’s take a look at some of the major life events in 2024 that may influence your tax liability, deductions, and credits. Got Married or Divorced Tying or untying the knot doesn’t just change your relationship status—it also […]
Understanding Stimulus Checks from the IRS in 2025
Stimulus checks have played a pivotal role in supporting American households during times of economic uncertainty. In 2025, the IRS continues to use this financial tool to provide relief, addressing challenges faced by individuals and families. Whether you’re new to the concept or seeking updated information, here’s what you need to know about stimulus checks […]
Conquering Business Debt: Practical Tips for Entrepreneurs
Debt management is a critical skill for any entrepreneur. While debt can fuel growth and expansion, excessive or poorly managed debt can hinder progress and even threaten the survival of your business. Here, we explore actionable strategies to reduce business debt, prevent further accumulation, and recognize when filing for bankruptcy may be a strategic decision. […]