- A Comprehensive Guide to LLC Taxes
With a limited liability company (LLC), a single person usually isn’t fully responsible for company debts. Like other business categorizations, you’ll have to pay taxes if you’re a member of this type of entity. However, LLCs are also taxed differently depending on… read more…
- The Ultimate Guide to Tax Liability
The term “tax liability” describes the amount of money owed to the Internal Revenue Service (IRS) at the end of each tax year. Many Americans make reducing their tax liability a goal by chasing deductions and tweaking their filing strategy. If… read more…
- 3 Tax Reasons to Contribute to a Health Savings Account
A health savings account (HSA) is a way to set aside some money, tax-free, to use for possible medical situations you can’t see coming. If you don’t end up needing the money, can also be used as a vehicle for… read more…
- What Are Income Taxes?
Paying a federal income tax now seems so routine that it’s hard to imagine a time when income taxes were controversial. The federal income tax as we know it is actually only a little over one hundred years old. That’s a… read more…
- The Saver’s Credit: 2025 Rules and Income Limits
Financial experts recommend saving for retirement. According to one rule of thumb, you should have twice your salary saved by the time you’re 40, and eight times your salary by the time you’re 65. Unfortunately, the average American paces well… read more…
- What Makes a Professional Estate Planner a Professional?
Estate planning requires interdisciplinary knowledge of law, tax and accounting issues. Yet the answer to the question What makes a professional estate planner a professional? is that they get paid. This answer is not only snarky, but it also exposes a rather disturbing issue: the lack of regulation. In most places, anyone can hang a sign… read more…
- The Dangers of DIY Estate Planning
While it may be tempting to save some money and plan your estate by yourself, it is likely not a good idea. Estate planning is full of small details that the average person just doesn’t know about, but which someone… read more…
- 7 End of Year Tax Strategies That Can Save You Money
It’s tax time! No, it’s not April 15th and you are not the subject of a time travel experiment gone wrong. But if you are one of the millions of taxpayers who expects to owe and wants to minimize your tax bill, or you want to maximize your refund, the time to think about taxes… read more…
- 4 Tax Planning Moves Millennials Should Make Now
No matter the time of year, it’s never too early to start working on your tax strategy. For 20-somethings who are struggling to get a grip on their finances, the whole process can seem overwhelming. And if you’re not sure… read more…
- 5 Estate Planning Mistakes You Can’t Afford to Make
When people think about planning their financial future, they tend to focus on things like retirement, paying down debt or saving for their child’s education. Planning your estate is one of the things that often gets pushed to the backburner.… read more…
- End-of-Life Financial Planning Checklist
Benjamin Franklin once said that nothing was certain in this world except death and taxes. Even though it may be unpleasant, preparing for both of these events is important to your overall financial health. When it comes to making decisions… read more…
- What Is a Living Trust and Do You Need One?
A living trust is a financial instrument used to make sure your money goes to the right people when you die. No one likes to think about dying but when it comes to managing your finances, you have to be… read more…