Posts by Alegria Network Administrator
Living Trusts and Powers of Attorney
In my previous article I addressed the importance of having a will and estate planning. As part of the estate planning process, a Power of Attorney will likely by discussed and possibly the use of a Living Trust. It is important to understand each of these instruments.
Read MoreImportance of Having a Will
If you don’t have a will, take the necessary steps to get one at your earliest opportunity. Even if you’re young or your estate is modest, you should always have a legally valid and up-to-date will. Start the process immediately by obtaining the names of qualified and experienced accountants and estate planning attorneys, checking their…
Read MorePlan Income, Deductions & Tax – Personal
Just as a good business owner plans the business operations and taxes for the year ahead, you should plan your personal income taxes as well. By planning ahead, you will have the opportunity to better manage your tax situation, consider strategies to minimize your total tax bill in the long run, and be prepared for…
Read MoreIt is not too late to plan for 2014
So you have a business plan for 2014? A business plan is an essential tool for managing your business. Ideally, a business plan should be prepared and in place at the beginning of the business year, but implementing it mid-year has benefits, as well. The business plan may be comprehensive or only a financial plan…
Read MoreIncome Tax Reduction and Deferral-Part 2
Here are some more common opportunities to reduce or defer income taxes – aside from utilizing retirement plans.
Read MoreIncome Tax Reduction and Deferral-Part 1
Are you taking advantage of the many opportunities to defer or reduce your income taxes? There are multiple options to do so besides contributing to retirement plans.
Read MoreIRS Errors that Cost You Money
College tuition payments, interest income from U.S. savings bonds and health care expenditures from qualifying plans can all cause income tax reporting errors that cost you money.
Read MoreHow to Review Your Business Tax Return
You have your business tax return in hand ready to sign when you notice the note on the form next to the sign here line: “Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,…
Read MoreSetting Goals for Financial Security and Retirement
How are you doing when it comes to saving for financial security and retirement? Lack of progress can often be attributed to unclear goals.
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