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Accounting & Tax Advice

Save taxes by using Qualified Charitable Distributions

Happy Birthday, you turned 70 1/2 and now you are required to start taking money out of your IRA accounts.  The required minimum distributions (RMD) must be taken each year after your 70 ½ birthday.  This rule does not apply to ROTH IRA accounts. Some retirees who have reached that…

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Scary things at your door or mailbox

The “IRS” is calling and the person on the phone says that you owe taxes.  This person offers to help you pay off this debt right now on the phone, just give them your personal banking information.  Another frightening situation is when a person comes to your door and says…

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Jump and Go…Tips for your New Business

Starting a new business is thrilling, just like jumping out of an airplane from 10,000 feet.  You have fears and questions and you don’t know exactly how this all works.  You don’t even know what questions to ask, but you know you need a partner to help you through the…

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Cybersecurity Awareness

We take our job seriously and we want the best for our clients.  Part of that job is to protect your information.  Cyber criminals are searching to get access to sensitive information.  We are aware of this threat and want to share with you tips to keep your data safe.…

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Is your Business a Hobby?

Many new small businesses take time to get off the ground and become profitable.  When a new sole proprietor or single member LLC owner reports the business activity on the Schedule C, they often ask me how many years can they deduct a loss on this activity. A key component…

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