Our Team of "Smart Alecs" will show you how.
Pre-Retiree/Retiree Tax Planning
Taxes in retirement should be everyone’s concern. There’s a number of tax smart strategies every pre-retiree and retiree should consider once they enter the distribution phase of life. Many of these strategies can help you get your tax burden as close to zero as possible.
small biz owner tax & succession planning
Through tax planning for small business owners we pay particular attention to how to pay less taxes (legally) through special strategies. We also help you analyze your profitability, valuation and set you up with a succession plan for your retirement.
tax prep for planning clients
DIY tax prep is a thing of the past with our online services. We’ll save our tax planning clients money, frustration and most importantly, time. Even the smallest error on your taxes can create a trail of stress and added costs. Turn over your taxes to our team today.
Why We're Different?
We'll Do Our Best to "Retire" Your Taxes
Latest news
Like It or Not, Taxes are Constantly Changing
Tax policy and rates have always been fluid, much more so than most people realize, as they only focus on it for short periods one time a year. You also don’t see many high school or college classes on the history of taxes and tax planning, unless you’re in accounting school. Like a distant relative Read more about Like It or Not, Taxes are Constantly Changing[…]
A Hidden Tax That You Can Avoid Paying with Proper Planning
People who earn more than $91,000 a year ($182,000 for joint filers) and who are in Medicare Part B or Medicare Part D, or both, will face additional premiums, called income-related monthly adjusted amount (IRMAA). IRMAA “surcharges,” which is a replacement word for a tax, are based on income earned two years prior to the coverage year. A Read more about A Hidden Tax That You Can Avoid Paying with Proper Planning[…]
Tax Planning Surprise. Use a CRAT or CRUT to “Put Back” Your Stretch IRA Options for Non-spouse Beneficiaries!
As of Jan. 1, 2020, the SECURE Act requires the entire balance of a non-spousal participant’s inherited IRA account to be distributed or withdrawn within 10 years of the death of the original owner. The 10-year rule applies regardless of whether the participant dies before, on, or after the RMD (required minimum distribution) age at which Read more about Tax Planning Surprise. Use a CRAT or CRUT to “Put Back” Your Stretch IRA Options for Non-spouse Beneficiaries![…]
Know the Tax Consequences of Your Stock Trading
Don’t let your stockbroker off the hook when it comes to tax planning. Many people work with brokers when they buy and sell stocks. Many people now, because of the internet, also have become their own stockbrokers, doing their own research and trading on various platforms. Whether you use a professional or do your trades yourself, you still Read more about Know the Tax Consequences of Your Stock Trading[…]
Did Your Withholdings and Estimated Tax Payments Equal Your Tax Due? Should It?
For people with just one or two W2s and perhaps a daycare deduction, getting the amount of tax paid into the IRS to come out correctly is easy enough and can be done within a 95% accuracy rate. The IRS gives the follow instruction: All taxpayers should review their federal withholding each year to make Read more about Did Your Withholdings and Estimated Tax Payments Equal Your Tax Due? Should It?[…]
Tax Deadline Day Really Only Means Tax Payment Day!
Some people have filed their tax return, received a refund and already spent it. Others have filed and paid and the “pain is over” for another year. But for many who have not filed and are looking at the calendar and saying “Oh, no!”, here are some tips. If you haven’t filed because of a Read more about Tax Deadline Day Really Only Means Tax Payment Day![…]
Simple Tax Tips Are Sometimes the Best
People often struggle with record keeping and are typically so busy that they are simply unaware of tools or services that have been developed that could greatly improve the recording of tax deductible expenses, mileage, etc. Many topics we could cover here, but two that are universal. If you are in business, you have a Read more about Simple Tax Tips Are Sometimes the Best[…]
Simple Tax Tips Are Sometimes the Best
People often struggle with record keeping and are typically so busy that they are simply unaware of tools or services that have been developed that could greatly improve the recording of tax deductible expenses, mileage, etc. Many topics we could cover here, but two that are universal. If you are in business, you have a Read more about Simple Tax Tips Are Sometimes the Best[…]
IRS Has Backlog of 24 Million Tax Returns, with Some Refunds Held up for 10 Months or More
The Washington Post reports the following and its breathtaking (not in a good way). The Internal Revenue Service on Thursday scrapped plans to close one of its three remaining tax processing centers amid a backlash over an unprecedented accumulation of unprocessed tax returns that threatens to derail the 2022 tax filing season. IRS leaders announced Read more about IRS Has Backlog of 24 Million Tax Returns, with Some Refunds Held up for 10 Months or More[…]
Tax Planning and Estate Planning Are a Lot Alike, and Ignored By Most!
People try, but “adulting” is hard! Kids, pets, job, relatives, friends, bills, medical problems, car problems, work problems all in the last day, so when I have time I will start tax planning. Same as….so when I have time I will start estate planning, it’s just so too far down on most peoples’ day to Read more about Tax Planning and Estate Planning Are a Lot Alike, and Ignored By Most![…]