Take Smart Action Now for 2022 Taxes and Beyond

It’s that time, again. Time to take stock of your overall situation and implement a few tax saving strategies before the end of the year. With the following reminders and tips, our goal is to help you lower your tax bill and get a head start on next year’s planning. Fund Retirement Plans If you […]

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Health Savings Accounts (HSAs)

Health savings accounts are triple tax-advantaged. These accounts have become increasingly popular, as they allow employees access to a tax-deferred means of saving money to pay for medical costs now and in retirement.

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The Pros and Cons of High Inflation

Inflation is the loss of purchasing power over time, meaning that your money buys less than what it did in the past. Historically, inflation has averaged approximately 3% per year. However, we’re in an extremely high inflationary period right now—over the 12 months ended June 30, 2022, the Consumer Price Index for All Urban Consumers (CPI-U), a measure of inflation, increased 9.1%, the highest level since 1981.

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Tax Cuts and Jobs Act of 2017

This major tax reform will benefit corporations and the mega-wealthy beginning in 2018. For many individuals, the new law will add complexity. Many of the new provisions expire after December 31, 2025, at which time tax rules revert back to 2017 law. We’ve compiled a list of the provisions that will likely affect our individual clients. Stay tuned for new tax strategies that will emerge from these rules.

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Employee Stock Purchase Plans (ESPP)

This post explains the wealth-creation benefits of participating in an employee stock purchase plan (ESPP). These plans are an employee benefit available at many companies that have issued publicly traded stock. Executive Summary If a company offers an employee discount, employees pay tax at ordinary income tax rates on the discount amount when shares are […]

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