Every year, clients ask “How can I lower my tax liability?” One of the best ways is by taking advantage of something you’re already doing: charitable contributions.
First, make sure your charitable contributions are actually deductible. This can be done by checking with your tax advisor or by finding Schedule A attached to your tax return. Then, consider these tips...
Your Social Security earnings record can play an important role in determining your future retirement benefits—but not all income counts the same way. In this blog, we explain which types of income are considered Social Security earnings, how the SSA uses your earnings history to calculate benefits, and why reviewing your record for errors can be an important part of planning for retirement.
Whether you enjoy the occasional lottery ticket, casino trip, or sports bet, it's important to understand how gambling winnings affect your taxes. In this month's blog, we explain what income must be reported, when gambling losses may be deductible, why you might have to file a tax return in another state, and what records to keep throughout the year to make tax season easier.
Strong accountant-client relationships are built on more than deadlines and paperwork. Learn six simple ways to communicate more effectively, stay organized, and partner with your accountant for a smoother, more efficient experience, and better financial outcomes.
Tax season doesn't have to be stressful. A little organization now can save time, reduce frustration, and make next year's filing process much smoother. Learn why summer is the perfect time to start your tax folder—and which documents you'll be glad you saved.
Generous giving can have lasting impact, but it also comes with important tax and recordskeeping considerations. In this month’s blog, we break down when a gift tax return may be required, why filing matters even when no tax is due, and how sharing key information can help protect the value of your gift for future generations.
