As an accountant, you're adept at managing the finances of businesses and individuals alike. However, it's essential to apply the same level of diligence to your own personal financial management. Here are some personal finance tips tailored specifically for accountants to help you maximize your financial health and achieve [...]
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s important to avoid certain risks and charge an adequate interest rate. Basics Of This Strategy Interest rates have increased over the last [...]
You may be currently facing this dilemma: You’ve retired (or you’re approaching retirement) and, while you want to maintain your current standard of living, you also want to preserve as much of your wealth as possible for your family. This balance can be difficult to achieve, especially when your [...]
When it comes to digital assets, it’s important to know that, unlike many assets, they leave little to no “paper trail.” Thus, unless your estate plan specifically provides for them, it may be difficult for your family to access these assets — or even know that they exist. Let’s [...]
Health Savings Accounts (HSAs) allow eligible individuals to lower their out-of-pocket health care costs and federal tax bills. Since most of us would like to take advantage of every available tax break, now might be a good time to consider an HSA, if you’re eligible. Not only can an [...]
It’s not uncommon for people to address the fact that they may one day become physically incapacitated and unable to make critical medical decisions themselves. They do this by including health care powers of attorney or advance directives in their estate plans. But what if your family has a [...]
According to the Alzheimer's Association, nearly seven million Americans aged 65 and older have Alzheimer's Disease, a number expected to double by 2050. Although there's no cure, optimizing brain health is crucial. Begin now, while you’re still healthy. In June, during Alzheimer’s and Brain Awareness Month, consider taking a [...]
Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them, and sell them off for a big profit. Either way, you’ll incur [...]
Career development is an ongoing process of managing your work life, learning new skills, and advancing towards your career goals. Whether you are just starting out or are a seasoned professional, focusing on your career growth is crucial for achieving long-term success and fulfillment. This blog will explore effective [...]
While much of your estate plan focuses on actions that take place after death, it’s equally important to have a plan for making critical financial or medical decisions if you’re unable to make them for yourself during your lifetime. This is why including a power of attorney in your [...]
