Are you expecting, or perhaps already received, an income tax refund from your 2019 filing? If so, a tax refund is an excellent opportunity to set yourself up for success and in a better financial position for the future. We’ve rounded up ten creative ways to put your tax refund to work: Do – 5 […]
If you have paid for the care of your dependent(s) in the past and anticipate that dependent care will likely continue through 2020, then you will want to think about a specific work place benefit that may be available through your employer. Dependent Care Benefits, located on your W-2, Box 10, allows you to exclude […]
What a Year it’s Been! 2019 has been an incredible year for the entire Senter crew; it’s been nothing short of amazing to grow so much as a firm and family. We’ve had an overwhelming response of encouragement and support from both new and existing clients who have helped us flourish as a firm. It’s […]
Building a network of well-connected financial professionals is a crucial means of personal wealth management. A dream team of experts will provide service and support towards working for and achieving your financial goals, while monitoring progress along the way. These collaborative relationships ultimately ensure that your financial future and legacy are well-protected, even in catastrophic […]
It’s important to keep a checklist of items on your financial radar as we approach the close of 2019. Below are 5 simple tax savings strategies, which will protect your financial health and ensure future success as you move into 2020. The Top 5 Year End Items: Speak with your CPA – Consult with your […]
Ever wondered if you could reduce your tax liability or pay less tax on your income? Come join us for a FREE Q&A course related to individual income tax planning. It’s an opportunity to get your questions answered or hear ideas and questions from others that may help you with tax planning. DETAILS Time & […]
Like-kind exchanges are most popularly thought of exchanges of real estate under current law. Exchanging property is also a strategic way to dispose of property tax fee. Under the 2017 Tax Cuts and Jobs Act (TCJA) exchanges of personal property and intangible personal property no longer qualify as tax free exchanges under Internal Revenue Code […]
Freelancer is a term we see a lot these days and the tax implications are different than as an employee. An employee has the luxury of their employer withholding and paying their tax to the appropriate taxing authorities on their behalf. A freelancer does not. In its simplest form a freelancer is a sole proprietor for income tax purposes. Becoming self-employed as a freelancer comes with great flexibility of being your own boss but one should be mindful of proper record keeping requirements and timely tax payments.