Blog

  1. Should I keep track of my medical expenses throughout the year?

    Every year, I naturally field numerous questions regarding tax deductions and whether a client needs to keep certain records.  Medical expenses typically come up and unfortunately, there is not an easy or short answer. You see, if you are younger …

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  2. Oh, The Fun of Gambling!

    Remember how much fun you had at the casino when you won all that money? Or, the time you won the lottery? On second thought, most of us haven’t and probably never will. It sure would be nice though. It …

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  3. Quarterly Payroll Taxes

    Its July, which means another quarter has ended and there are some quarterly reports which need filed. Two common reports/forms which are due are the  Quarterly 941 report and the UC-1 report for Indiana unemployment. The 941 report must be …

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  4. Sending your student off to college

    Many parents will see their students attend college for the fall semester. For the parents and the students, college costs are continuing to rise as each semester goes by. To help ease the financial burden, there are two major tuition …

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  5. Dependent Care Credit

    Daycare can be extremely expensive, especially for parents with multiple children. The dependent care credit can help ease the financial burden of paying for daycare. Make sure you are taking advantage of this advantageous credit. You are allowed a credit …

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  6. Preparing your child for the workforce

    Most of us hate surprises when we are filing our income taxes.  These surprises often cause you to owe a lot of money to the Internal Revenue Service and the Indiana Department of Revenue.  It is important to teach children …

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  7. How Will You Afford Your Medical Costs When You Retire?

    There is a new study that was released last week predicting 20 years from now, an average retired couple will spend 116% of their Social Security benefits on medical costs alone.  The study claims with Social Security benefits only increasing …

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  8. New Overtime Rules Go Into Effect on December 1, 2016

    The Department of Labor announced new overtime rules that are to go into effect on December 1, 2016.  Per the old rules professional, administrative, and executive employees could be exempt from overtime pay if they made at least $23,660 per …

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  9. Taking on Student Loan Debt

    As another school year comes to a close, student loan debt continues to be a major discussion across the US.  And it is no wonder as student loan debt topped $1.2 trillion dollars and grows by nearly $3,000 every second.  …

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  10. A Mother’s Job Never Ends

    Happy Mother’s day to you all you Mom’s out there.  As I was preparing a retired couple’s tax return this year, I noticed the husband’s occupation was listed as retired, but the wife’s occupation was still listed as homemaker.  I …

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