As a business owner, investing in your business has come naturally to you. You may have now sold the business, or received a distribution. Or perhaps, you’ve accumulated a sizable amount of cash in savings over the years. Now, you’re wondering how to invest the money. You may be thinking, “The stock market seems risky. […]
You may be looking for a financial advisor to help you invest and better manage your finances. The first step in deciding if you want to work with an advisor is to interview them to see if there is a fit. Here are 7 key questions to ask when you conduct your interview: 1. Are […]
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NerdWallet interviewed me for an article they wrote about the tax implications of Paycheck Protection Program (PPP) loans for business owners. You can read the article below: Breaking Down the Tax Implications of PPP Loans You may also like Withdrawing from your 401(k)? CARES Act can help What is tax loss harvesting and how does […]
If you are looking to buy a new home, you are not alone. Home sales rose in 2020 to its highest levels since the last peak in 2006. While social distancing and working from home due to the pandemic has increased the demand for homes, the ultra-low interest rate has further added fuel to the […]
The President signed the second Coronavirus stimulus bill into law this week. Of the $900B that Congress has committed in additional relief, $325B is going towards small business aid. The small business aid consists of loans as well as various tax credits and deductions. While some of the tax deductions still need further clarification from […]
Tax planning is integral to successfully manage your personal finances. To that end, here are some time-sensitive year-end tax planning ideas to explore with your financial and tax advisor. A quick refresher on taxes We pay income taxes in tiers AKA tax brackets. For example, an individual who makes $40K of taxable income, pays a […]
The year-end is a time for us to look back and to plan for what comes next. On every front, 2020 has been an unusual year, to say the least. As we get to its end, here are 8 planning considerations to make. Many of these are time-sensitive but can really benefit your bottom line […]
Video transcript: Do you know which savings account has the highest tax benefit? It’s not a 401K, it’s not an IRA. It’s not even a Roth. It’s actually a Healthcare savings account (HSA). HSAs have 3 levels of tax benefit making them the most attractive savings option. Hello, this is Roshani from True Root Financial […]
