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@milwaukeeaccountant
December 2023 Client Update Newsletter
The temperature isn’t the only thing falling this time of year. Your 2023 tax bill can also be falling with a little bit of proactive planning, but time is running out! To help you make the most of potential tax saving moves before the end of the year, this month’s newsletter features several year-end tax cutting ideas. Also have fun with the entire family by testing your holiday knowledge with…
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November 2023 Client Update Newsletter
This month’s newsletter outlines Social Security’s cost-of-living adjustment for 2024, plus some basic information on how Social Security works. And there is still time to take action to reduce this year’s tax bill. Please review the tax planning articles to bring some ideas top of mind for yourself and your business. With the holidays approaching now is a great time to review five great money…
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October 2023 Client Update Newsletter
Powerful. Always right. Intimidating. These are some of the descriptions used to describe our nation’s tax collection agency, the IRS. But believe it or not, the IRS is wrong more often than you think. In this month’s newsletter, read about several recent tax court cases, including one where the IRS was stopped by a judge from issuing an additional $420,000 in taxes and $84,000 in penalties. Also…
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September 2023 Client Update Newsletter
With interest rates continuing to increase, what could be better than making a purchase with 0% interest? In reality, financing a purchase with a 0% interest rate may be more trouble than it’s worth, as we explain in this month’s newsletter. Also discover the hidden tax benefits of owning a home, how students and teachers can sharpen their AI toolkit for the upcoming school year, and where you…
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August 2023 Client Update Newsletter
Preventing unwanted tax surprises starts with proper planning. And there’s no better time than now to begin looking at how you can cut next year’s tax bill. In this month’s newsletter, we’ve included several situations when it makes sense to schedule a tax review so you can try and avoid a future tax surprise. Also read about several ideas for mastering your credit card, tips to lower the cost of…
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July 2023 Client Update Newsletter
As the temperatures reach the highs that come with summer, so too is the peak impact of inflation. As in past months, topics continue to focus on ways to fight these trends. One of the topics covered is the ever increasing property tax burden and how to increase the odds of getting yours lowered. There is also an article discussing the impact of the increasing federal interest rate and what it…
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June 2023 Client Update Newsletter
Summertime offers unique tax and money saving opportunities for the whole family. In this month’s newsletter, find out how day camps for your kids may be tax deductible, if you know the rules! And summer is a time when household expenses creep up, so there is an article identifying common causes and ideas on how to manage the extra expense. Also read about shielding your emergency fund from…
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May 2023 Client Update Newsletter
It’s never too early to start thinking about cutting next year’s tax bill. In this month’s newsletter, read about several ideas to help lower your 2023 tax obligation. And speaking of taxes, summer work often introduces several tax wrinkles that hit young workers and seasonal workers alike. So included this month are some hints to address taxes and summer employment. Spring is also graduation…
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April 2023 Client Update Newsletter
If it seems like the income tax has been around forever, well, it’s sort of true. The modern Form 1040 was unveiled in 1913, the first year, after paying for the Civil War, that Americans were required pay income taxes to the federal government. With the April filing deadline right around the corner, this month’s newsletter has a fun quiz to test your knowledge about this very first individual…
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March 2023 Client Update Newsletter
Recent legislation is taking a broad sweep at retirement accounts. While many of the rule changes are implemented over a number of years, some of them are important to know about right away. Summarized in this issue are some of the more important provisions. With the pending flow-through filing deadline on March 15th, it is important to understand the nasty late-filing penalty the IRS imposes. So…
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February 2023 Client Update Newsletter
Now that tax documents have started arriving in your inbox and mailbox, it’s easy to set them off to the side to worry about later. There may be some benefit, however, to filing your tax return as soon as you can. In this month’s newsletter, read about several reasons why you should consider filing your return early. There are also tips to help make sure the preparation of your tax return doesn’t…
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January 2023 Client Update Newsletter
January 2023 Client Update Newsletter
It’s tax time! In the next couple of weeks you will be inundated with W-2s and various informational tax forms like 1099s. By paying attention to them, ensuring their accuracy, and that you are getting them all, you will be miles ahead in getting your tax return done. Spend a minute reviewing ways to get your tax information organized. Then consider some alternatives to the traditional new year’s…
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December 2022 Client Update Newsletter
December 2022 Client Update Newsletter
With the hustle and bustle of the holiday season, it’s easy to overlook that tax season is right around the corner. To help you make the most of potential tax saving moves before the end of 2022, this month’s newsletter features several year-end tax cutting ideas. Also have fun with the entire family by testing your holiday song knowledge! Plus, read about how to protect yourself from identity…
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November 2022 Client Update Newsletter
November 2022 Client Update Newsletter
Social Security recipients got some great news about their benefits. Check out this month’s newsletter to learn more about the cost-of-living increase for 2023. Also read about several tax court cases and what they might mean for your situation, how to raise a financially savvy child, and how to avoid gift card fraud during the upcoming holiday season. Please feel free to forward this newsletter…
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October 2022 Client Update Newsletter
October 2022 Client Update Newsletter
Watching summer transform into beautiful fall colors can be just as mesmerizing as tax planning. Similar to looking closely for gorgeous autumn scenery, with tax planning you’re meticulously on the lookout for opportunities to cut your 2022 taxes. In this month’s newsletter, read about several planning strategies to consider as time is winding down to implement tax cutting measures for 2022. Also…
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September 2022 Client Update Newsletter
September 2022 Client Update Newsletter
This month’s newsletter recaps the details of the revamped electric vehicle tax credit and other energy credits in newly passed legislation. Also included this month are some tips to review your recurring monthly bills that seem to automatically creep up. And there is a revealing article on a financial landmine that exists for EVERY car owner that has their vehicle deemed a total loss by an…
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August 2022 Client Update Newsletter
August 2022 Client Update Newsletter
Welcome to the last month of traditional summer vacation! And what better way to lead the final month of summer vacation by outlining ideas to save money while taking that long-deserved break. This month’s letter includes a review of five ways to take advantage of IRA accounts to reduce your tax burden. All done with plenty of time to implement the ideas before the end of the year. There is also…
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