Let’s you and I — yes, YOU, the Conway taxpayer looking for the best tax professional — make a plan for your 2016 taxes that will set you up for longterm success.Read More
Teach them this: Wealth is what you save, not what you spend.
Most of the younger generation is under the false impression that wealth is based on the luck of a big salary. Nothing could be further from the truth. According to the now-classic book The Millionaire Next Door by Thomas J. Stanley, the affluent tend to answer ‘yes’ to these three questions:Read More
If you want to fix your credit score, you need to know what your current score is. Most creditors rely on the three-digit FICO credit score, which ranges between 300 and 850, when determining your level of risk as a borrower. The higher your score, the lower the risk is for the lender, and thus the better your interest rate will be.Read More
Like most government law, Social Security is not a simple piece of legislation. Since the Social Security Act became law in 1935, hundreds of amendments have been piled onto it, and have thereby added to the complexity. So to make the best decision about how to file for it, you’ll need to consider four things: 1) health, 2) income before retirement and 3) income during retirement, and 4) taxes.Read More
No, I am NOT a “prepper.”
But I’m continually reminded (in my line of work) of how important having a plan really is.
This is true for finances, and it’s equally true for other kinds of disasters.Read More
Creating a budget really shouldn’t be the place where financial decisions begin. Instead, a comprehensive look at what you most care about and how you want to live your life is the best place to start, even before budget categories are determined.
This becomes especially clear when we consider how we seek to raise our children with a proper financial mindset. We want them to learn how to earn, how to save (and invest), and how to spend. Unfortunately, this doesn’t spring up for them from the womb!Read More
According to recent data from the Federal Reserve (what do they NOT keep track of??), more than nine million households in the U.S. reported getting an inheritance of at least $100,000. And there is other data which suggests that baby boomers stand to receive over $8 trillion in inheritance over the next few decades.
But sometimes such “blessings” end up as curses to those who aren’t prepared.Read More
Before you launch into the yearly exercise so many of us do during the first two weeks of January, here are some ideas…Read More
Being a Conway tax professional, I get all kinds of questions throughout the year when it comes to taxes.
But whether at social gatherings, sporting events or even business networking functions, one of the most common ones I receive is: Can I write this off?Read More
From what I’ve observed of Central Arkansas adults thrust into the role of caring for their parents, the biggest struggle often comes from trying to keep their dual responsibilities segregated. They try to ensure that the needs of the aging parent don’t impact what’s going on in their children’s lives.Read More
Too many Central Arkansas tax clients (almost all of them) wait until the winter before they look at their tax obligations. Even worse, they wait until that season before they speak with their professional in any kind of proactive way.
That’s a problem, and it could be costing you some serious savings.Read More
There is a lot of confusion in the Central Arkansas tax preparation orbit, every year, about extensions — so here’s what they’re REALLY about…
As you know, Tuesday, April 15th is the filing deadline for a federal tax return. If you need more time to get your paperwork complete, you need to file (or have us file on your behalf) Form 4868 with the IRS by the end of the day on the 15th. This gives you an automatic six-month (until October 15, 2014) extension of time to file.Read More
There hasn’t been an environment like the one we’re now facing in this economy and in our nation for quite a while. The fact is-I know you’ve got questions…about personal financial strategy, about tax specifics and about how to steer your way through these times we’re living in.Read More