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Jim Richter
Jan 163 min read
Critical Dates for Income Tax Filers in 2025
With the tax season rapidly approaching, we put together a list of important dates to help you stay on top of deadlines. Here are the...


Jim Richter
Jan 104 min read
Critical Deadlines and Tax Changes for Small Business Owners
As the 2024 tax season approaches, small business owners must stay ahead of critical deadlines and be aware of key tax changes to ensure...


Jim Richter
Jan 64 min read
Important Updates for the Coming Tax Season
As the 2024 tax season approaches, taxpayers and businesses must stay informed about critical updates and deadlines to ensure a smooth...


Jim Richter
Dec 24, 20244 min read
The Birth of Jesus: A Shepherd’s Perspective
We were just simple shepherds, tending our flocks in the quiet hills near Bethlehem. The night was cool, and the stars were scattered...


Mary Bresson
Oct 31, 20243 min read
The Importance of Issuing a 1099: Compliance, Protection and Financial Efficiency
Overview Businesses are required to issue a 1099 form to any taxpayer (excluding corporations) who has received $600 or more in...


Jim Richter
Oct 25, 20248 min read
Losing a Loved One: Essential Financial Steps After Losing a Loved One
Losing a parent or spouse can be one of the hardest experiences we face in life. Even when the passing is expected, it can be emotionally...


Jim Richter
Oct 10, 20244 min read
Long-Term Tax Planning: Proven Methods to Minimize Your Lifetime Tax Liability
This marks the final week of our tax planning series, where we'll bring together the key concepts covered over the past few weeks. For...


Jim Richter
Sep 12, 20245 min read
The Mega Backdoor Roth: A Powerful Retirement Strategy
The Mega Backdoor Roth has become an increasingly popular strategy for individuals looking to supercharge their retirement savings,...

Jim Richter
Sep 4, 20245 min read
IRA vs. Roth IRA: Pre-Tax vs. Post-Tax Contributions and Conversions
This is week five of our 7-week series. If you wish to read our previous articles, you can chose them from the list below: Tax Planning:...


Jim Richter
Aug 28, 20245 min read
Charitable Giving and Donor-Advised Funds: A Comprehensive Guide
This is week four of our 7-week series. If you wish to read our previous articles, you can chose them from the list below: Tax Planning:...


Jim Richter
Aug 21, 20244 min read
Understanding Health Savings Accounts (HSAs): A Comprehensive Guide
This is week three of our 7-week series. If you wish to read our previous articles, you can chose them from the list below: Tax Planning:...


Jim Richter
Aug 13, 20245 min read
Why Required Minimum Distributions (RMDs) and Qualified Charitable Distributions (QCDs) Matter to People of All Ages
This is week two of our 7-week series. If you wish to read our article from week one you can read it here. Introduction As individuals...


Jim Richter
Aug 8, 20244 min read
Tax Planning: Essential Strategies for Long-Term Success
We are starting a 7-week series on tax planning this week, so we thought we would share a quick outline on why it matters, along with...


Jim Richter
Jul 18, 20243 min read
Three Tips for Reducing Your Tax Liability
Most people agree that paying taxes is essential for maintaining infrastructure and supporting essential functions of our government....


Jim Richter
Jul 10, 20243 min read
Five Tips to Shield Your Finances from Inflation
Do you remember what year it was when a gallon of gas was $0.63? Depending on your age, you may not! Answer: The year was 1978. When the...


Jim Richter
Jul 3, 20243 min read
The Birth of a Nation: Taxation and Revolution
The Historical Connection Between Independence Day and Taxes Every July 4th, Americans gather to celebrate Independence Day, a...


Jim Richter
Jul 1, 20242 min read
New FINCEN Requirement: What Business Owners Need to Know
The Financial Crimes Enforcement Network (FINCEN) has introduced new regulations that will impact business owners across the United...


Jim Richter
Jun 27, 20242 min read
Prepare for More IRS Audits!
The IRS is significantly enhancing its audit capabilities thanks to an infusion of $60 billion over the next ten years. This funding,...


Jim Richter
Jun 13, 20244 min read
9 Vital Financial Questions for People Over 40
As families transition from their 30’s to their 40’s and their 50’s to their 60’s, the role of financial planning shifts. Older couples...

Michael Baumeister
Jan 18, 20245 min read
Penalty and Interest Considerations for the Upcoming Tax Season
The deadline for taxpayers to file their 2023 individual tax returns or request an extension is Monday, April 15, 2024. Keep in mind that...
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