Cornerstone Financial Advisory

MARCH 18, 2024

You must include all capital gains in your income, and you may be subject to the Net Investment Income Tax if your income is above certain amounts. Consult a qualified tax expert for help. If your total net capital loss is more than the limit you can deduct, you can carry it over to next year’s tax return.

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Marketing Marketing Taxes Economics 87

Cornerstone Financial Advisory

FEBRUARY 5, 2024

” – Jim Rohn Vacation Home Rentals If you receive money for the use of your primary residence, you may have to report this rental income on your tax return; this means that the “vacation home rental” classification can apply to your home, even if you don’t own multiple short-term rental properties. a Registered Investment Advisor.

Marketing 79

Marketing Marketing Taxes Economics 79

Cornerstone Financial Advisory

APRIL 22, 2024

This Week: Companies Reporting Earnings Monday: Verizon Communications Inc. (VZ) ” – Larry Niven Can You Claim The Child Tax Credit For Other Dependents? Even if you cannot claim the child tax credit, you may be able to claim the credit for other dependents under your care. The forecasts also are subject to revision.

Marketing 52

Marketing Marketing Taxes Economics 52

Harness Wealth

SEPTEMBER 15, 2023

In this guide, we explore best practices for client onboarding for solo CPAs and small accounting firms, as well as how Harness Tax can help modernize and add efficiencies to the ever-evolving process. You’ll want to direct them to an engagement letter, a tax questionnaire, a payment portal, and more.

Accounting 59

Accounting Clients Taxes Communication 59

Cornerstone Financial Advisory

MARCH 11, 2024

State and local income tax refunds may be taxable and should be reported on your federal taxes. If a policy is surrendered prematurely, the policyholder may also pay surrender charges and have income tax implications. Please consult your financial professional for additional information. a Registered Investment Advisor.

Marketing 77

Marketing Marketing Insurance Taxes 77

Cornerstone Financial Advisory

APRIL 29, 2024

.” – Ambrose Bierce IRS Program Helps Seniors Prepare Taxes The IRS has a Free File tool, which facilitates online tax preparation, direct deposits of refunds, and electronic filing choices, designed for taxpayers on a fixed budget, including seniors and retirees. Free File has most of the necessary forms when filing your taxes.

Marketing 52

Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

DECEMBER 26, 2023

” – Langston Hughes Tax Tips For Those In The Military The Internal Revenue Service has certain special tax breaks and programs for members of the U.S. Having it may boost your earned income tax credit, meaning you may owe less tax and could get a larger refund. Armed Forces. a Registered Investment Advisor.

Taxes 98

Taxes Investment Advisor Sales Investing 98

Cornerstone Financial Advisory

OCTOBER 23, 2023

This Week: Companies Reporting Earnings Tuesday: Microsoft Corporation (MSFT), General Electric Company (GE), Verizon Communications, Inc. (VZ), Lastly, it’s important to remember to pay the correct taxes on this income throughout the year to manage owing additional taxes when you file. VZ), Alphabet, Inc.

Marketing 86

Marketing Marketing Taxes Economics 86

Cornerstone Financial Advisory

MARCH 4, 2024

Here’s How To Pay If you owe federal taxes, you must pay by the April deadline. Remember, if you get an extension to file your taxes, payment is still due by the April deadline. Pay when you e-file: If you file your federal tax return electronically, you can pay directly from your bank account using electronic funds withdrawal.

Marketing 72

Marketing Marketing Economics Taxes 72

Ballast Advisors

AUGUST 16, 2023

An HSA is a tax-advantaged account that enables you to save money to cover health-care and medical costs that your insurance doesn’t pay. The funds contributed are made with pre-tax dollars if you contribute via payroll deduction or are tax deductible if you make them yourself using after-tax dollars.

Accounting 52

Accounting Numbers Medical Taxes 52

Darrow Wealth Management

NOVEMBER 20, 2023

Considering Roth conversions in retirement When you convert pre-tax money from an IRA to an after-tax Roth IRA, the amount converted is included in your taxable income. But in retirement, without a paycheck, it can be a great opportunity to control your tax situation for the year and fill up the lower tax brackets.

Retirement 81

Retirement Distribution Taxes Accounting 81

MazumaBusinessAccounting

OCTOBER 6, 2023

We’re moving away from Mazuma, which translates to ‘money,’ to Vyde, which means ‘to see, consult, and provide insight.’ We want to provide you with you with better, customized communication and an elevated experience. More tax strategy insights to help you lower your tax bill and save the most possible.

Taxes 52

Taxes Accounting Numbers Communication 52

Cornerstone Financial Advisory

NOVEMBER 6, 2023

There’s no better time to check your withholding status and make sure your paycheck accurately reflects the taxes you should be paying. These expenses can also impact your tax liability. This information is not intended to substitute for specific individualized tax advice. a Registered Investment Advisor.

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Marketing Marketing Taxes Investment Advisor 100

Talon Wealth

SEPTEMBER 14, 2023

Consider the financial aspects of your retirement destination, such as the cost of living and taxes. Contributions to a traditional IRA come from pretax money, while those to a Roth IRA are post-tax. One option is a spousal IRA, which allows the working person to put money away for their other half in a tax-advantaged account.

Retirement Planning 98

Retirement Planning Retirement Planning Healthcare 98

Cornerstone Financial Advisory

DECEMBER 18, 2023

” – Charles Schulz Tax Benefit And Credits: FAQs For Retirees Lots of questions can come up about income taxes after one has retired. This information is not intended to substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax professional.

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Marketing Marketing Taxes Economics 94

Cornerstone Financial Advisory

DECEMBER 11, 2023

. “The whole fun of living is trying to make something better” – Charles Kettering Tax Tips For Children Or Grandchildren With Part-Time Job Many of us have kids or grandkids who work part-time. If they are self-employed, however, they may be responsible for paying these taxes directly to the IRS.

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Marketing Marketing Taxes Economics 85

Zoe Financial

OCTOBER 2, 2023

Economic Snapsot: Influence coming from the Fed communicating interest rates may keep hiking. Stay tuned for next week. – Andres Disclosure: This page is not investment advice and should not be relied on for such advice or as a substitute for consultation with professional accounting, tax, legal or financial advisors.

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Marketing Marketing Financial Advisor Wealth Advisor 52

Cornerstone Financial Advisory

JANUARY 29, 2024

” – Albert Einstein Couples Who Work Together, Tax Together As more households decide to start a business, many couples learn about the tax responsibilities related to such businesses. These relationships involve different tax situations. We suggest you discuss your specific tax issues with a qualified tax professional.

Marketing 83

Marketing Marketing Economics Taxes 83

Cornerstone Financial Advisory

JANUARY 2, 2024

” – Bertrand Russell Need Last Year’s Tax Returns? Help is available for taxpayers who need tax information for prior years but still need to keep copies of their returns. This is often the easiest way to get a copy of your tax returns. Order a tax transcript. “To conquer fear is the beginning of wisdom.”

Taxes 80

Taxes Investment Advisor Numbers Investing 80

eMoney Advisor

MARCH 21, 2023

By using your expertise to communicate, educate, and provide perspective, you’ll likely magnify the loyalty of your clients. Use Continuous Communication Be proactive in your outreach to clients rather than waiting for them to call you. Here are some important steps to follow.

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Financial Planning Planning Marketing Marketing 72

Cornerstone Financial Advisory

APRIL 15, 2024

.” – William Shakespeare More Digital Choices For Filing The IRS has made it easier to file your taxes. Forms now contain electronic signature options, meaning tax professionals can conduct remote transactions. This information is not intended to be a substitute for specific, individualized tax advice.

Marketing 52

Marketing Marketing Taxes Economics 52

Steve Feinberg

OCTOBER 14, 2022

One of the main construction bookkeeping differences from other industries is the use of record keeping for “job costing,” wherein managers consult previous prices on materials, labor, insurance, repairs, and other fees to create an informed estimate of how much a job of a similar size will cost to complete. Administrative Errors.

Management 89

Management Budgeting Communication Accounting 89

eMoney Advisor

JANUARY 12, 2023

The organization arranges one-on-one phone consultations on behalf of the pro bono financial planner, matching the volunteer with the person in need based on specialty. Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE). Website: irs.gov/individuals/irs-tax-volunteers.

Financial Planning 107

Financial Planning Planning Financial Planner CFP 107

Steve Feinberg

OCTOBER 14, 2022

One of the main construction bookkeeping differences from other industries is the use of record keeping for “job costing,” wherein managers consult previous prices on materials, labor, insurance, repairs, and other fees to create an informed estimate of how much a job of a similar size will cost to complete. Administrative Errors.

Management 87

Management Budgeting Communication Accounting 87

Cornerstone Financial Advisory

OCTOBER 9, 2023

The Internal Revenue Service (IRS) has a handy tool called the Tax Withholding Estimator, which can help you manage having too much or too little tax withheld from your wages. This information is not intended to substitute for specific individualized tax advice. These factors may result in greater share price volatility.

Marketing 84

Marketing Marketing Taxes Investment Advisor 84

Cornerstone Financial Advisory

JANUARY 8, 2024

The interactive tax assistant tool can also help to determine your filing status and any relevant credits you should (or should not) claim. This information is not intended to substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax professional.

Marketing 80

Marketing Marketing Taxes Economics 80

Brown Advisory

JULY 17, 2018

529 Plans And The New Tax Code ajackson Tue, 07/17/2018 - 11:30 You Can Now Use 529s for K-12 Costs—But Should You? The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner.

Taxes 52

Taxes Planning Education Distribution 52

Brown Advisory

JULY 17, 2018

529 Plans And The New Tax Code. The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner. The 2018 tax overhaul expanded the reach of 529 plans beyond college. Tue, 07/17/2018 - 11:30.

Taxes 52

Taxes Planning Education Distribution 52

Cornerstone Financial Advisory

APRIL 1, 2024

.” – George Washington IRS Offers Free Tax Prep Option For Military Personnel Each year, the Internal Revenue Service takes a moment to remind active duty military personnel that the “IRS Free File” offers them multiple choices for free federal tax preparation. These factors may result in greater share price volatility.

Marketing 52

Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

AUGUST 7, 2023

.” – Desmond Tutu Add Social Security Numbers Of Your Dependents On Your Return On your tax return, add the Social Security Numbers for your children and other dependents. Otherwise, the Internal Revenue Service (IRS) might deny any dependent credits you might be due, including the Child Tax Credit.

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Marketing Marketing Medicine Taxes 90

Cornerstone Financial Advisory

NOVEMBER 27, 2023

There are some important tax tips to know to set yourself up for success. Here are some tips that the IRS shares for new business owners: Choose the right business structure: The form of business determines which income tax return a business taxpayer needs to file. Please consult your financial professional for additional information.

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Marketing Marketing Taxes Economics 82

Cornerstone Financial Advisory

OCTOBER 2, 2023

” –John Steinbeck Who Can Deduct Car Expenses On Their Tax Returns? Can you deduct expenses such as gas, depreciation, and lease payments on your tax returns? This information is not intended to substitute for specific individualized tax advice. Please consult your financial professional for additional information.

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Marketing Marketing Taxes Economics 91

Cornerstone Financial Advisory

NOVEMBER 20, 2023

These Tips Can Help You Understand The Tax Situation Whether picking up painting or cooking new concoctions in your kitchen, starting a new hobby is always fun and a great way to learn something new. Did you know there are some tax considerations when starting a new hobby? .” – Salvador Dalí Starting A New Hobby?

Marketing 92

Marketing Marketing Taxes Economics 92

Cornerstone Financial Advisory

APRIL 3, 2023

Banking Crisis Fears Dim; Markets Rally Presented by Cornerstone Financial Advisory, LLC Stocks rallied last week on receding fears of a widening banking crisis, led by resurging investor interest in technology and communication services names. This information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Taxes Economics 59

Fortune Financial

JANUARY 11, 2024

Additionally, this strategy offers tangible benefits to the company, including enhanced productivity, a stronger employer brand and potential financial incentives like tax benefits. Utilize Various Communication Channels Ensure that all channels are clear and free of jargon to make them accessible to all employees.

Retirement Planning 59

Retirement Planning Education Insurance Retirement 59

Cornerstone Financial Advisory

OCTOBER 30, 2023

2) The regular method allows you to specifically calculate the actual expenses like rent, mortgage interest, taxes, repairs, depreciation, and utilities you pay for the portion of your home used for the business. This information is not intended to substitute for specific individualized tax advice. a Registered Investment Advisor.

Marketing 97

Marketing Marketing Economics Taxes 97

MazumaBusinessAccounting

MAY 31, 2023

Having someone who specializes in bookkeeping focus on your books and an accountant who specializes in tax do your taxes can improve accuracy and save you money. Communication is Key If you are not good with numbers, you need a professional who will help you understand and appreciate the numbers.

Accounting 52

Accounting Communication Numbers Taxes 52