Most drivers have a story about the day they ran out of fuel. It’s an unpleasant feeling when one minute you’re cruising down the highway in overdrive and the next you’re sputtering to an ungraceful stop. You hope that you’re near a gas station, or if you’re lucky, that you can cruise right up to the pump, when you finally shut down.
All too often, I see clients filing amended tax returns or extending their returns due to the incorrect or incomplete information that they provided to their CPA. To help your CPA get the most accurate picture of your finances, consider taking the following steps:
You may have heard that people spend more time planning their annual vacations than they do planning for retirement. Whether you start your retirement planning years or weeks before that glorious day, you will follow similar steps to determine the lifestyle you can expect in retirement.
While you may or may not be happy with the presidential election outcome, one thing is certain: Donald Trump is going to serve as the 45th president of the United States. While it would be nice to have a crystal ball so that we could tell you exactly what this means for your wallet, unfortunately, we don’t. We can, however, give you a general idea of what could happen in 2017 based on President-elect Trump’s tax plan and his talking points during the campaign.
Getting one’s financial house in order is usually at the top of annual New Year’s resolutions, but far too often, we overlook and even neglect making critical decisions during the last few months of the year that can impact our personal financial situations for this year, next year, and for years to come.
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