Blog

Why Early-Year Estate Planning Prevents Last-Minute Decisions

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Monday, February 16, 2026

We see it all the time. Estate planning often lands on the “we need to do this” list, but life gets busy, and it keeps getting pushed aside. In our experience, though, the beginning of the year is one of the most valuable times to...

From Reactive to Proactive: Why Tax Season Is the Most Overlooked Planning Opportunity of the Year

Joseph M. Schmerling, CPA, CFP®, RICP®

Wednesday, January 7, 2026

For many people, tax season is a race to the finish line: gather documents, file the return, and then move on. Once the forms are submitted, the conversation typically ends until next year. But for those building long-term wealth, tax...

Tax-Loss Harvesting: A Year-End Opportunity for Investors

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Monday, December 8, 2025

As the year ends, many investors seek ways to keep more of their earnings. This is where an advisor's expertise can be valuable, and this month we want to highlight one particularly useful investment strategy to consider before...

The federal government is phasing out paper checks. President Donald Trump issued an executive order last March requiring all federal agencies to transition from paper checks to electronic funds transfer to the extent permitted by law....

Give the Gift of Clarity: Holiday Legacy Planning Conversations

Joseph M. Schmerling, CPA, CFP®, RICP®

Sunday, November 9, 2025

The holidays are often a special time for family, laughter, and reflection. But they can also be an ideal moment to start or continue important conversations about your legacy and estate planning. While these discussions may feel...

If you have children under the age of 18 and you file your business tax return as a proprietorship or partnership, you can find big savings in the work your children do for your business. And if you operate as a corporation, don’t...

Philanthropy with Purpose: Building a Legacy Through Strategic Giving

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Friday, October 10, 2025

For many people, giving back isn’t just an act of generosity — it’s a way to make a lasting impact in their community while staying true to their long-term financial goals. As advisors, we strive to educate clients on how thoughtful...

A life insurance policy is like the proverbial pot of gold at the end of the rainbow. But in the case of term life insurance policies, collecting that pot of gold can prove elusive. If the insured dies after the policy term (typically...

Closing the Gaps: Protecting Your Financial Plan with the Right Insurance

Joseph M. Schmerling, CPA, CFP®, RICP®

Tuesday, September 16, 2025

When we think about financial planning, investments and retirement accounts usually take center stage. But there’s another pillar that often gets overlooked: insurance. This area of personal finance is more about having the right...

The One Big Beautiful Bill Act (OBBBA) has lots of good news for individual taxpayers, but some mixed news if you itemize deductions. Here’s what you need to know to win under the OBBBA changes that affect itemizers. Disallowance of...

Why Your Wealth Needs a Safety Net: Exploring Asset Protection Strategies

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Wednesday, August 6, 2025

When it comes to wealth, growing it is only half the battle—protecting it is just as important. Whether you’ve already achieved significant success or are steadily working toward high-net-worth status, asset protection is a key...

The One Big Beautiful Bill Act (OBBBA) makes permanent the TCJA provision that limits itemized deductions for home mortgage interest (so-called qualified residence interest) to interest on the first $750,000 of your total home...

Key 2025 Tax Law Updates and What They Mean for You

Joseph M. Schmerling, CPA, CFP®, RICP®

Monday, July 21, 2025

Following the passage of the One Big Beautiful Bill Act (OBBBA), several tax law changes are now in effect that could impact your financial picture. As a tax-intelligent financial planning firm, we are here to break down these updates...

The federal gift tax works hand in hand with the estate tax to prevent people from avoiding estate taxes by giving away all of their money and property taxfree while they’re alive. Few people actually pay gift taxes, but all...

Looking for a quick infusion of tax-free cash? Your life insurance policy may provide one. And you don’t have to die to collect. Permenant vs. Term Life Insurance To get money out of your life insurance policy without dying, you must...

The Hidden Power of Executive Compensation Plans: What You Might Be Overlooking

Joseph M. Schmerling, CPA, CFP®, RICP®

Friday, June 6, 2025

When people think about compensation, most envision a paycheck and perhaps an annual bonus. However, for executives and high-level employees, the true financial power often lies beneath the surface, within the complete executive...

How You Withdraw Retirement Income Matters—Here’s Why

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Monday, May 19, 2025

When you’ve spent your career intentionally building wealth, you expect retirement to be a time to reap the rewards of your hard work, not the start of a financial headache. Many retirees—especially high earners—face unexpected...

For taxpayers who are charitably inclined and who face traditional IRA required minimum distributions (RMDs), the qualified charitable distribution (QCD) is a great tax planning strategy.

The Importance of Spring Cleaning Your Finances

Joseph M. Schmerling, CPA, CFP®, RICP®

Tuesday, April 1, 2025

With spring in the air, you might find yourself tidying up your home to give it a fresh feel. While you're in the mood for organizing and simplifying, it's also a great time to apply that same energy to your finances.

You operate your business as a sole proprietorship or a single-member LLC that is treated as a sole proprietorship for tax purposes. Thankfully, it’s not too late to set up a plan and get a deductible contribution on your 2024 Form 1040....

Psychology of Investing – What is Your Money Personality Type?

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Saturday, March 1, 2025

Just like many aspects of life, your approach to money is heavily influenced by your personality. This personality is largely shaped by behaviors observed from individual life experiences, starting from a young age. Your financial...

When you invest in a traditional individual retirement account (IRA), you get a tax deduction for the money you put in and then pay taxes when you take the money out. Money inside the IRA grows tax-free (or tax-deferred, technically,...

Money Matters: Navigating Financial Compatibility in Marriage

Joseph M. Schmerling, CPA, CFP®, RICP®

Saturday, February 1, 2025

It is convenient when you and your partner value a dollar similarly, but if you and your partner have different philosophies about money, there are steps you can take to improve your financial compatibility. Here are a few tips to get start

The Corporate Transparency Act (CTA) took effect one year ago, on January 1, 2024. A bumpy road has put the CTA on hold. We’ll get to that shortly. But first, a little background. The CTA requires most smaller corporations and limited liabi

Leaving a Legacy: Saving for Your Family's Financial Future

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Thursday, January 2, 2025

Estate planning, or legacy planning, can play a critical role in your ability to save for and shape your family’s financial future. While most people think of estate planning as something to be addressed later in life, in truth, estate...

Tax credits for electric vehicles (EVs) were expanded and thoroughly revamped when Congress enacted the Inflation Reduction Act back in 2022. The new tax credit regime became effective in 2023. As a result of the new law, there are four way

Preparing for Cost-of-Living Changes in 2025

Joseph M. Schmerling, CPA, CFP®, RICP®

Sunday, December 1, 2024

As we turn the page to 2025, it’s clear that cost of living adjustments (COLAs) and broader economic trends will significantly impact household budgets. Staying ahead of these changes can empower you to make better financial decisions,...

In this article, you will find five year-end tax-deduction strategies that apply if you are getting married or divorced, have children who did or could work in your business, and/or have situations where you give money to relatives and frie

Understanding the Tax Benefits and Implications of Charitable Trusts

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Friday, November 1, 2024

In this article, we’ll break down what charitable trusts are, their potential pros and cons, and key points to consider when deciding if this approach is a good fit for your financial and charitable goals. 

Personal property includes equipment, vehicles, furniture—anything used in a business that is not real property or a real property fixture. Personal property rentals are treated differently from real property rentals for tax purposes....

Navigating the Expiration of the 2017 TCJA

Joseph M. Schmerling, CPA, CFP®, RICP®

Tuesday, October 1, 2024

It's important to stay ahead of significant tax changes that could impact your financial situation. One of the most crucial developments on the horizon is the expiration of the 2017 Tax Cuts and Jobs Act (TCJA), which introduced...

Six Strategies to Help You Plan for Retirement

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Sunday, September 1, 2024

The journey to and throughout retirement requires planning and strategy. Here are six powerful tax and investment strategies you can leverage to help you save and pursue your goals for retirement.

The clock continues to tick, and time is getting shorter on the need to file your Business Ownership Information (BOI) reports with the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN). If your reporting...

You may not have thought much about long-term care insurance—but you should. Chronic illness and disability are real possibilities. Consider this: Medicare is not much help. It limits payments to no more than 100 days if you require skill

Unlocking Financial Success: The Power of Mid-Year Planning

Lucy Detwiler, CFP®

Friday, August 2, 2024

As the year unfolds, it’s natural to become engrossed in daily responsibilities and lose sight of the financial goals set at the beginning of the year. However, taking the opportunity to assess your financial standing and make any...

Purchasing raw (unimproved) land can be a great way to get into real estate investing. But the tax benefits for owning raw land as an investor are much more limited than for improved property. Some expenses are deductible as itemized person

Understanding High-Yield Savings Accounts and Why They’re Important

Joseph M. Schmerling, CPA, CFP®, RICP®

Monday, July 1, 2024

One of the most effective tools for achieving short-term savings objectives while maintaining liquidity and earning interest is a high-yield savings account. Let's delve into what high-yield savings accounts are...

One of the greatest tax benefits of owning residential rental property or non-residential commercial or investment property is depreciation—a deduction you get without spending any additional money. But fortunately, there is a way you can s

Safeguard Your Family and Mitigate Risks with Insurance

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Saturday, June 1, 2024

We understand that despite all the careful planning in various aspects of your life, unexpected events can and do happen. Being prepared for these uncertainties is crucial, especially when it comes to the well-being of your family.

Section 529 college savings plans are a great way to help pay for a child’s or other family member’s college education. But now in 2024, you have yet another alternative: roll over the money into a Roth IRA for the original beneficiary.

Four Smart Ways to Use Your Tax Refund

Joseph M. Schmerling, CPA, CFP®, RICP®

Wednesday, May 1, 2024

If you’re receiving a tax refund, you may be tempted to spend all that cash on purchases that will meet your needs today. However, a lump sum tax refund is an opportunity to fulfill your needs of tomorrow and beyond. Before you decide...

Whether you are planning to stay in a luxury resort in the Caribbean or you simply need to visit the in-laws two states over, you could save yourself a boatload in taxes when you turn your vacation into a business trip and deduct most or al

Should You Buy or Rent a Second Home? Exploring the Pros and Cons

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Monday, April 1, 2024

Deciding between buying or renting a vacation home is a significant decision that requires careful consideration of your lifestyle, finances, and long-term goals. Both options offer unique advantages and potential drawbacks, making it...

The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is earned, whether through withholding, by

What You Should Know About Estate Tax Limits

Joseph M. Schmerling, CPA, CFP®, RICP®

Friday, March 1, 2024

If you believe the estate and gift tax sunset might impact you, here are a few things to consider

Tax law often discriminates against company owners, granting them no or fewer fringe benefits. But you, the owner, are not discriminated against when it comes to supper money.

The Importance of Financial Planning Beyond Wealth Accumulation

Neil G. Schmerling, CPA, PFS, CFP®, RICP®, CLU®

Thursday, February 1, 2024

Financial planning and wealth management often suffer from widespread misunderstanding, and it's understandable considering the various contributing factors. One major factor is the lack of financial education in our upbringing...

If you sell goods and services and are paid through a third-party settlement organization (TPSO), such as PayPal, the IRS changed the likelihood of your receiving a 1099-K. Here’s what you need to know about IRS Form 1099-K.

New Beneficial Ownership Reporting Requirements

Joseph M. Schmerling, CPA, CFP®, RICP®

Monday, January 15, 2024

As we progress into 2024, it is now mandatory for small businesses, private companies, and other entities to submit their Beneficial Ownership Information (BOI) to the Treasury Department's Financial Crimes Enforcement Network (FinCEN).

A Guide to Rolling Over Your 401(k) to an IRA

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Monday, January 1, 2024

Now is the perfect time to revisit your financial strategies and explore ways to optimize your retirement savings. One important consideration is the possibility of rolling over your 401(k) into an Individual Retirement Account (IRA)...

This article gives you the updated story on the SECURE 2.0 changes for catch-up contributions.

Maximizing Your Impact: Effective End-of-Year Charitable Giving Strategies

Joseph M. Schmerling, CPA, CFP®, RICP®

Friday, December 1, 2023

In this blog, we will delve into the various financial benefits of charitable giving, highlighting how it can be a win-win situation for both donors and the recipients.

 If you have children under the age of 18 and you file your business tax return as a proprietorship or partnership, you can find big savings in the work your children do for your business.

Navigating Life's Financial Journey: The Essence of Financial Planning

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Wednesday, November 1, 2023

A term that’s often thrown around in the business world is “financial planning”, but not many people understand what all that entails. Our jobs are made up of many different parts, but our favorite is helping you and your family.

If, in 2024, you start a small business or buy a rental property using a new limited liability company (LLC), you can trigger the need to file new federal reports and keep them up to date.

Estate Planning 101

Joseph M. Schmerling, CPA, CFP®, RICP®

Sunday, October 1, 2023

When people hear the words “estate plan”, most think the term only applies to people that are wealthy. This couldn’t be further from the truth. We are here to help educate and guide you through the process of setting up you and your family

HSAs offer valuable tax benefits, with deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses, making them a compelling option for those eligible to open one.

FAFSA Revamped: A Must-Know for Parents and Grandparents with College-Bound Students

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Friday, September 1, 2023

Changes are coming to the complicated form that students must submit to qualify for college financial aid, known as the Free Application for Federal Student Aid (FAFSA). Contact us today to see how we can best help you!

Understanding What an NUA is?

Joseph M. Schmerling, CPA, CFP®, RICP®

Thursday, August 3, 2023

You may find yourself with a range of choices when the time comes to take a financial distribution. It's worth considering the potential benefits of utilizing the net unrealized appreciation (NUA) tax treatment. Learn more here.

If you own your own business and operate as a proprietorship or partnership (wherein your spouse is not a partner), one of the smartest tax moves you can make is hiring your spouse to work as your employee.

Understanding Equity Compensation

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Wednesday, July 5, 2023

Employers do what they can to foster a sense of ownership in their employees. If you stand to benefit from a company’s success, you’re more likely to do a great job for them, or so the logic goes. Learn more about Equity Compensation here.

Are you looking for how to log your business expenses? Here’s some crucial information on how to document expenses during business travel.

Eight states offer tax rebates or credits to residents who purchase or lease electric vehicles, two of which include Maryland and Pennsylvania. Learn more about the benefits at our blog.

Preparing for College: 529 Plans and Tips for Recent HS Graduates

Joseph M. Schmerling, CPA, CFP®, RICP®

Monday, June 5, 2023

Graduation season is in full swing, and whether you have a kindergartener or a college senior, this can be a busy and stressful time. For our HS graduates, we know there is no more exciting time than heading to college. Learn tips here!

Estate planning is essential for everyone, regardless of wealth. With a will and a living trust, you can ensure your assets are distributed according to your wishes, avoid probate, and maintain your financial privacy. Learn more here.

Spend. Save. Tzedakah.

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Friday, May 5, 2023

Teaching children the value of money can be a challenge, but by dividing money into three categories—spend, save, and Tzedakah (or charity)—children have a tangible depiction of their finances and can develop good money-making habits.

Discover how to make the most of your traditional IRA and create a tax-free legacy that benefits both you and your favorite charities.

Understanding FDIC Insurance

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Tuesday, April 4, 2023

Wonder how a bank safeguards your money? Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Explore its purpose, how it works & what's covered.

Education Planning: What Parents can do to Save for College

Joseph M. Schmerling, CPA, CFP®, RICP®

Monday, April 3, 2023

Saving for college can be a daunting task, but it's never too early to start planning. As a parent, there are several ways you can save up for your child's college education.

The government requires traditional IRA holders to pay taxes on their account balance via RMDs, based on age and mortality tables. The SECURE 2.0 Act extends the RMD start time and reduces penalties for non-compliance.

Understanding Long-Term Care

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Thursday, February 2, 2023

Long-term care insurance policies can protect your assets and maintain your standard of living, but also come with a cost and complexity. We want to help simplify this for you so that you can make an informed decision.

In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate contribution to retirement plans and access to those funds earmarked for retirement. The law is called SECURE 2.0.

Your 2023 Financial Goals: A Step-by-Step Guide

Joseph M. Schmerling, CPA, CFP®, RICP®

Friday, January 6, 2023

With a new year underway, now is a great time to revisit your financial goals and set new ones for 2023. To set realistic and achievable goals, you can start by establishing your core values and foundation—let us help you get started!

The President signed the Inflation Reduction Act into law and it contains some valuable tax credits for homeowners.

Year-End Tax Planning: 4 Tips to Save You Money

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Monday, November 28, 2022

The start of every new year marks the beginning of another tax season. Make sure you take the time now to plan so you can save a lot of money and frustration later.

2022 Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family

Joseph M. Schmerling, CPA, CFP®, RICP®

Friday, November 4, 2022

If you have children under the age of 18 and you file your business tax return as a proprietorship or partnership, you can find big savings in the work your children do for your business.

The Power of Gratitude: Teaching Children Financial Gratitude

Joseph M. Schmerling, CPA, CFP®, RICP®

Friday, November 4, 2022

Gratitude is an incredibly powerful tool when it comes to managing your finances. To practice gratitude with your finances, you can start by taking stock of all the things that you have in your life, both big and small.

New Retirement Contribution Limits for 2023

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Tuesday, November 1, 2022

The Internal Revenue Service has released new limits for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. We've condensed the...

Handling the Loss of a Loved One: Financial Steps You Can Take

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Friday, October 7, 2022

Dealing with the loss of a loved one is never easy, and it is essential at times like this that you focus on making important decisions for you and your family. We are here to help you every step of the way, no matter what that looks like.

Social Security: What You Need to Know

Joseph M. Schmerling, CPA, CFP®, RICP®

Monday, October 3, 2022

When it comes to retirement planning, Social Security is a recurring topic, yet many of us know very little about it. As many individuals approach retirement age, it is necessary to address the questions surrounding Social Security.

When it comes to taxes, nothing is better than a tax credit since it is a dollar-for-dollar reduction in the taxes you must pay. In other words, a $1,000 credit saves you $1,000 in taxes.

An Introduction to Social Security Retirement Benefits

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Thursday, September 1, 2022

We all have a vision for what we would like our retirement to look like, and Social Security is just one part of a holistic plan that could help us achieve our goals. Here is what you need to know to maximize your benefits.

A Tax-Smart Way to Save for Health Care: Health Savings Accounts

Joseph M. Schmerling, CPA, CFP®, RICP®

Tuesday, August 2, 2022

Health care can be an expensive part of life’s journey, but with the right approach, you can minimize the impact and better prepare for the future. One powerful planning tool is a Health Saving Account (HSA).

If you own an unincorporated business, you likely pay at least three different federal taxes. In addition to federal income taxes, you must pay Social Security and Medicare taxes, also called the self-employment tax.

Term Life Insurance Planning

Neil G. Schmerling, CPA, PFS, CFP®, RICP®

Tuesday, July 5, 2022

While life insurance cannot replace you, it can be used to replace all or a portion of your earning power. Life insurance could play a role in your family’s finances, but first, you must determine how much life insurance you need.

If you own a second home, you have tax strategies to consider. Learn what you should be accounting for regardless of if your home is in the city, on the beach, or in the mountains.

Preparing for Retirement is Not Entirely Financial

Joseph M. Schmerling, CPA, CFP®

Wednesday, June 1, 2022

These are the non-financial retirement questions that no pre-retiree should dismiss. Think about them as you prepare and invest for the future and let us know how we can help. We are here to plan and prepare for a life full of purpose.

There are many benefits to donor-advised funds for the charitably inclined, and few drawbacks. Learn more.

How to Stop Living Paycheck to Paycheck

Neil G. Schmerling, CPA, PFS, CFP®

Monday, May 2, 2022

Research indicates that many Americans are living paycheck to paycheck and it’s nearly impossible for them to save or invest. How do you stop living paycheck to paycheck?

Values-Based Financial Planning: And Why It’s Important

Neil G. Schmerling, CPA, PFS, CFP®

Monday, April 4, 2022

At Schmerling Financial Group, we understand that your values are the key to achieving your financial and life goals and we refer to them often. We believe that good financial planners use values-based planning.

Here’s what you need to know about IRAs for kids.

5 Questions to Ask When Planning for Retirement

Joseph M. Schmerling, CPA, CFP®

Tuesday, March 1, 2022

There are many income sources that contribute to your retirement fund. You may be wondering where do I even begin when it comes to retirement? What should I consider? Here are five questions to ask when planning for retirement. 

Learn more about real estate tax tips.

Schmerling Financial Group has been recognized as one of the top affiliates of Avantax Wealth Management®, a leader in tax-advantaged financial planning.

Habits and Goals

Neil G. Schmerling, CPA, PFS, CFP®

Tuesday, February 1, 2022

Many people make New Year resolutions, but by the end of January, they abandon them. This occurs because they haven’t built habits into their daily life that help them accomplish their goals. Here are some of the steps I take.

When you use a home for both rental and personal use, regardless of that home’s location at the beach or in the city, you run into the tax code’s vacation home rules that make that home either a residence or a rental property.

Do you have a sideline activity that you think of as a business? From this sideline activity, are you claiming tax losses on your Form 1040? Will the IRS consider your sideline a business and allow your loss deductions?

YOUR 4% WITHDRAWAL STRATEGY MAY NOT BE ENOUGH Get the Tax Guidance You Need to Help Live the Retirement You Desire There’s a lot of concern among industry experts about whether the popular 4% withdrawal rule can provide enough income...

Year-End Financial Checklist: What Should You Consider?

Joseph M. Schmerling, CPA, CFP®

Wednesday, December 1, 2021

Year-end is a great time to establish an action plan for good financial health all year long. Evaluating your financial picture at the end of the year may reveal opportunities or areas for improvement that you hadn’t considered...

Understanding and identifying the risks that you face in developing a financial plan is the first step in building a solid financial future. The second step is being able to implement an effective plan to measure, monitor, and control...

Potential Strategies to Combat Increased Taxes Many individuals are stuck in a holding pattern as they wait to see what impact the Biden Administration will have on tax regulations. The President has shared what he’d like to see...

New Law: Time to Benefit from the Work Opportunity Tax Credit Learn more The Work Opportunity Tax Credit rewards your good deeds. And now, because of new legislation, the rules are in place for longer than usual. If you need to hire...

Who Qualifies for First-Draw PPP Money Today? COVID-19 Relief Law Turbocharges Employee Retention Credit COVID-19 Relief Law Boosts Temporary Tax Deductions and Credits Tax Extenders Passed with the COVID-19 Relief Law IRS Penalty...

The freshness of a New Year provides us an opportunity to dream again and expand our vision. As humans we naturally have a desire to be “bigger than ourselves” and accomplish big goals. Many of us may have made New Year...

New Forgiveness Rules for Past, Current, and New PPP Money Loan Proceeds Are Not Taxable Expenses Paid with Forgiven Loan Money Are Tax-Deductible Round 2: Additional Tax-Free PPP Money for You? New Chance for PPP Monies New Stimulus...

A little about Term life insurance policies. (free download at end of article!) ”Insurance is like a parachute. You have to have it before you need it.” -Unknown Is there anybody who depends on your income besides yourself,...

Click here for a well-presented outline of the Cares Act by Putnam Investments.

New information comes out daily so the below information is not final and may be subject to change. Please understand that additional information may be required by the US SBA when we get the official details of the Paycheck Protection...

As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays. In one of the new meaningful laws, enacted on December 20, you will find the Setting Every Community Up for Retirement...

Is your financial house in order?

Joseph M. Schmerling, CPA, CFP®

Wednesday, December 26, 2018

The end of the year is fast approaching and it's a great time to take steps that can help improve your personal finances. Some items to consider: If you're not retired, review your contributions to retirement accounts such as 401ks,...

By Joan Alexandre Investment Analyst, Investment Management Research Group at 1st Global December 2018 When What You See Is All There Is In 2011, Nobel laureate and research psychologist Daniel Kahneman published “Thinking, Fast...