by Layne Bodily | Feb 10, 2023 | Financial Planning, Personal Financial Insights
Estate Planning Basics This is the first installment of a three-part series on estate planning. Estate planning is not just for the super wealthy. Everyone has an estate, and everyone should have a plan for what will happen to their estate when they pass away. Estate...
by Team FBPCPA | Feb 25, 2022 | Financial Planning, Personal Financial Insights, Taxes
What You Need to Know to File Your 2021 Taxes Correctly Child Tax Credits The IRS began distributing advances on taxpayers’ Child Tax Credits on July 15, 2021. If you chose to receive the advances it is important that you report these correctly on your 2021...
by Team FBPCPA | Jan 6, 2022 | Financial Planning, Personal Financial Insights, Taxes
As we begin another year of uncertainty, it is more important than ever to devise a budget, understand cash flow and build a tax plan. Everyone is familiar with tax preparation, the act of preparing your tax returns and filing them with local, state, and federal...
by Tyler Fates | Nov 12, 2021 | Financial Planning, Personal Financial Insights, Taxes
IRAs are Individual Retirement Arrangements. There are several types of IRAs with differing contribution limits and earnings thresholds. Funds for an IRA must come from employment earnings. More information about all IRAs and their regulations can be found on the IRS...
by Team FBPCPA | Sep 24, 2021 | Business Insights, Business Planning, Personal Financial Insights, Taxes
Common Mistakes When Providing Information to Your Tax Preparer Missing information, incorrect information or partial information can lead to delayed tax filing and delayed refunds. Below is a list of the most common mistakes we see when individuals and...
by Team FBPCPA | Sep 10, 2021 | Business Insights, Business Planning, Personal Financial Insights, Taxes
Cryptocurrency and Your Taxes 2021 has been the year of cryptocurrency, in terms of news as well as new holders. More businesses are accepting various coins for transactions, and this is expected to increase through the rest of 2021 and beyond as sites such as...
