by Andrew Carroll | Nov 23, 2020 | Thoughts
For business owners of pass-through entities (S Corporations and Partnerships) in certain states, you are now allowed to deduct state and local income taxes at the business level, and those income tax payments will no longer be limited by the $10,000 SALT Limitation....
by Andrew Carroll | Nov 19, 2020 | Thoughts
Due to the recent passing, unexpectedly, of a friend’s husband, here is an estate planning quiz. This is NOT estate TAX planning ($20MM exemptions, paying taxes, etc.) – it is purely just the “what happens when you die” stuff. (Wills, trusts,...
by Kathy Campbell | Nov 5, 2019 | Thoughts
Rental properties provide opportunities for owners to buy real estate and generate cash flow, making them attractive investments. The attractionespecially if combined with low-interest rates, a hot real estate market, and finding a good dealcauses some people to rush...
by Kathy Campbell | Oct 20, 2019 | Money
When you have a small business, you need to maintain accurate records of business financial transactions. If youve separated your personal and business bank accounts (which you absolutely must, no matter how small you think your business is), this should be relatively...
by Kathy Campbell | Oct 5, 2019 | Thoughts
There is one other major difference for taxes coming up that I didnt mention: The increased itemized deduction limit. To explain this though, Ill give you some background. When people (normal people, not you crazy freelancers) talk about tax deductions they are...
by Kathy Campbell | Sep 20, 2019 | Thoughts
Lots of people are very confused about equity compensation. It can be a convoluted and tricky process. I’ve edited this summary below, which can run you through the options. Big shout out to Terry Mosteller for creating the original document! All options require...
by Kathy Campbell | Sep 5, 2019 | Money, Thoughts
I am going to wade into a topic here that is a little fraught. Tax policy is complicated and is being used in sound bites very dramatically. But there are VERY few people who actually understand how taxes work and where the tax is paid. Whenever a new program or...
by Kathy Campbell | Aug 20, 2019 | Investing, Money
The New York Times recently had an article that is one of the best summaries of the whole “how do I save for college” thing that I have seen. It is a very complete and thorough dig into the various facets; I highly recommend that you read it. But for those...
by Kathy Campbell | Nov 20, 2018 | Investing
Hey folks, we’ve seen some great info come out around robo advisors in the past months. I thought this would be a good time to update you all with a little information in and around this space. By way of reminder: “What is a ‘Robo Advisor’?” There are...
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