DeFreitas & Minsky Accounting Blog

Why Small Businesses can’t Neglect Financial Planning

Posted by thallissey on May 3, 2017 10:00:00 AM

As a small business owner, you likely have your hands full running the day-to-day operations. However, neglecting the future for the present can be a huge mistake. That’s why most companies choose financial planning services, which offers many short-term and long-term benefits.

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Topics: Financial Planning

Tax Questions: Who you can and can't Claim as a Dependent

Posted by thallissey on Mar 21, 2017 10:00:00 AM

While it may seem simple, there are many rules to who you can and can’t claim as a dependent. Since each qualified dependent can reduce your taxable income by more than $4,000, it’s worth examining to see if you qualify. These answers to typical tax questions about dependents will tell you everything you need to know.

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Topics: Tax Laws, Financial Planning, IRS

A Taxpayer's Handbook to the Home Office Deduction

Posted by thallissey on Jan 17, 2017 10:00:00 AM

If you use your house as your office, there are many tax write-offs worth knowing about. The home office deduction allows you to deduct certain household expenses, like a business telephone line or the maintenance of an office.

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Topics: Financial Planning

5 Tax Return Tips for Newlyweds

Posted by thallissey on Dec 7, 2016 10:00:00 AM

As a newlywed, you anticipate change, but you often don’t realize that your new marital status impacts tax return preparation, too. Before tax time approaches, it’s important to make several adjustments. From names changes to filing status and everything in between, this is what you need to know to get ready for tax season.

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Topics: Financial Planning, Tax Planning, Tax Returns

How to Get Organized Before Tax Time

Posted by thallissey on Nov 8, 2016 10:00:00 AM

Every year, millions of Americans scramble to meet the tax deadline. Due to a lack of personal financial planning, tax time becomes more painful than it has to be. These taxpayers may spend hours searching for things like receipts or tax identification numbers right before April 15.

If this scenario sounds familiar to you, following our simple tax tips will help make your life a whole lot easier.

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Topics: Financial Planning, Tax Planning

The 5 Biggest Myths of Individual Financial Planning

Posted by thallissey on Oct 18, 2016 10:00:00 AM

Just like old wives tales, many people believe financial myths without realizing there is little truth to the story. These five individual financial planning tall tales have misled Americans on everything from credit cards to banking to buying houses … until now.

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Topics: Financial Planning

3 Retirement Planning Mistakes You Can’t Afford to Make

Posted by thallissey on Oct 4, 2016 10:00:00 AM

Too many senior citizens get caught in the same retirement jam: not enough money saved to sustain their standard of living. This happens because of retirement planning mistakes made well before the age of 65.

Thankfully, it’s never too late to make a change.

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Topics: Financial Planning, retirement

Simple Strategies to Reduce Ballooning Wedding Expenses

Posted by thallissey on Sep 21, 2016 10:00:00 AM

As you plan your perfect wedding, it is easy to get carried away. There are invitations to select, photography sessions to plan, menus to choose and much, much more. Before you know it, wedding expenses can spiral out of control if you are not careful.

If you would rather not start your new life together deep in debt, try implementing these simple financial planning strategies.

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Topics: Financial Planning

How-to Guide for Saving for Retirement in Your 20s

Posted by thallissey on Sep 8, 2016 10:00:00 AM

When you are young, retirement may seem like a lifetime away. But in actuality, saving for retirement in your 20s is the smartest thing you can do to make your golden years more golden.

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Topics: Financial Planning

Estate Planning Strategies to Preserve Your Wealth

Posted by thallissey on Aug 18, 2016 10:00:00 AM

Establishing a plan to take care of your loved ones after you are gone may be one of the best things you can do for them. If you don’t have life insurance or even a will right now, learning these four estate planning strategies will prepare you to square away your affairs.

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Topics: Financial Planning, Estate Tax

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