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- TAX TIPS AND STRATEGIES | Monotelo Advisors
See below for a few simple tips that can be applied to your individual situation to lower your tax liability and improve your financial position. A Great Planning Tool: Health Savings Accounts How the Revised Child Tax Credit Will Impact Your 2021 Tax Return Managing Your Healthcare Costs in Retirement Tax Implications of the American Jobs Plan The American Rescue Plan Act Three Reasons to File Your Taxes Early The Tax Implications of Your Side Hustle Year-End Tax Planning The High Risk of Owning Bonds Today Financial Planning Check Up Social Security Tax Deferral Economic Impact Payments From The CARES Act What Expenses Are Deductible In 2019? What You Should Know About The SECURE Act Roth vs. Traditional IRA: Which One Is Right For You? Year-End Tax Planning Strategies Avoid Surprises On Your 2019 Tax Return What Will Happen When Social Security Runs Out? Six Myths About Health Savings Accounts. The Impact of Your Pension On Your Social Security Benefits Five Things That Every IRA Owner Should Know The Impact of the Tax Cuts and Jobs Act What Triggers The IRS? 10 Flags that Could Signal an Audit Tax Consequences of Reinvesting Your Mutual Fund Distributions Year-End Review of Your Retirement Accounts Maximizing Your Deductions in Light of Tax Reform Tax Implications of Selling Your Home How to Save for Your Child's College Education Will vs Trust: Which is Right for You? Avoid Surprises on Your 2018 Tax Return Five Changes to Be Aware of Under the 2018 Tax Reform Year-End Tax Planning Strategies Making the Most of Your Charitable Donations How Could the Proposed Tax Reform Affect You? 8 Security Tips in Light of the Equifax Data Breach Tax Tips for Home Sellers "Why Am I Being Selected for An Audit?" 5 Things You Can Do Right Now to Help Improve Your Retirement Years What Parents Need to Know About Back-to-School Expenses Avoid The Hidden Traps of Retirement Plan Loans
- Tax Planning & Preparation | Monotelo Advisors | Elgin
Run your business, we'll handle your finances. Small business owner? Yes, we can help you with your tax, bookkeeping and payroll needs. But there is so much more to having the right financial partner. Get Started Learn More What We Offer Looking for Financial Planning Help? Our values-based retirement planning will give you the quiet confidence that everything is on track for you to achieve your life goals. Get Started Learn More File your taxes online, over the phone, or schedule an in-person meeting to get started. Get Started Learn More Missed the tax deadline? It's not too late to get your 2021 tax return filed.
- Resource Center | Monotelo Advisors
Contact us Phone: 800-961-0298 Fax: 847-929-9134 Email: Info@monotelo.com Give us a call Schedule an appointment . Find an office Schedule an Appointment Tax tools & tax tips Refund Tracker W-4 Withholding Calculator Documents checklist Tax Bracket Calculator File Upload Our Team Stay up to date with the latest tax information, and market analysis. Subscribe to receive our weekly market and tax analysis. Close Recent posts & news My COVID Story Two weeks ago, I was driving into work on September 1st and listening to a song by CeCe Winans called “The Goodness of God.” As I was... Student Loan Forgiveness: Your Questions Answered On August 24, 2022, President Biden announced debt forgiveness for federal student loan borrowers. He also announced a final extension on... The Inflation Reduction Act President Biden signed the Inflation Reduction Act of 2022 on August 16th. The bill is currently the most expensive climate change agenda... Social Security Payments Set To Rise by $2300 Next Year The Social Security Administration’s projected 2023 cost-of-living adjustment (COLA) is projected to hit 11.4% next year if the current... Are We In a Recession? A recession used to be defined as two consecutive quarters of negative Gross Domestic Production (GDP) growth, as measured by the Bureau... The Roth IRA (Part 3 of 3) This is the third article in our series covering the value of Roth IRAs. To read the first article click here. To read the second article... View More Stay up to date with the latest tax and market analysis. Site Title Subscribe to receive our weekly market and tax analysis.
- Tax Planning and Preparation | Monotelo Advisors | Elgin
Let us help you plan for retirement. Planning for retirement can be stressful, but it doesn’t have to be when you have a step-by-step process in place to guide you. Schedule An Appointment and get started Want to get started or learn more? Schedule a meeting, over the phone, Zoom or in person. Schedule an Appointment Learn More What We Offer Values-Based Retirement planning When your values are clear, your decisions are easy. That’s why your financial plan needs to start with your values, continue with your life goals, and wrap up with a clearly-defined road map to get you there. Explore how our planning process will provide you with a road map to having all your financial decisions in perfect alignment with your most deeply held values and life goals, by scheduling a no-obligation introductory call. Get Started Bring Alignment to All Your Financial Decisions When your values are clear, your decisions are easy. Peace of mind begins when you have clarity about your values and goals. Peace of minds arrives when there is complete alignment between your values, your goals, and all your financial decisions. Reduce your lifetime tax liability Health care and taxes are two of the largest expenditures for retirees. You have little control over one, but enormous control over the other. Our planning process will help you reduce your lifetime tax liability so your money is freed up to allocate in ways that bring you the most joy and fulfillment in retirement. Increase the productivity of your assets Having a partner who can come alongside you to help you maximize the productivity of your assets and navigate the changing phases of retirement can empower you to live your best life possible and leave a meaningful legacy to the people and organizations you care about. Peace of mind up to and through retirement Having a comprehensive financial plan in place brings you confidence that all the pieces of the puzzle are working together for your best life possible. Once your personal retirement plan is complete, we will walk with you to implement and monitor your plan. How We Help Get Started Schedule a Meeting and Prepare Your Financial Documents Schedule a meeting for a day and time that work for you. Prepare to spend 90 minutes with us and bring all your financial information to that meeting, including your tax returns, investment statements, mortgage information etc. Your Financial Road Map Meeting The road map process begins with the initial meeting. In this meeting we will help you will identify your most deeply held values and life goals. We spend the time necessary to discover the things that matter most to you so we can bring perfect alignment between your most deeply held values, your life goals and the all your financial decisions. The Plan A comprehensive financial plan is so much more than a risk tolerance survey and an asset allocation model. You plan will start with your values and your goals, and it will be designed to maximize the productivity of your assets so you can live your best life possible and leave the legacy you want to leave to the loved ones and organizations you care about. Relax and Enjoy Peace of Mind After the discovery and values-based planning process is complete, our team of advisors will come alongside you to help you navigate the changing face of retirement. From the savings and accumulation phase, to the distribution and lifestyle phase, to the health care needs and legacy phase, we will monitor your plan to keep up with your changing needs. How The Process Works Get Started Helpful retirement tips and articles. The Inflation Reduction Act Student Loan Forgiveness: Your Questions Answered Are We In a Recession? View More More services from Monotelo Small Business Tax Services We will help you minimize your short-term and lifetime tax liability to free up the cashflow needed to help you grow your business and build for your future. Learn more Year-End T ax Filing Services We will help you minimize your taxable income by capturing the deductions and credits available to maximize your refund. Learn more
- Small Business Tax Planning | Monotelo Advisors
Focus on growing your business, we'll handle the rest. Any competent firm can help you file an accurate tax return, prepare your payroll or manage your monthly bookkeeping needs. And yes, we do that for our clients. But there is so much more to having the right financial partner. At Monotelo, we bring together our deep understanding of the Internal Revenue Code and how that intersects with you as business owner to help you mitigate your short-term and lifetime tax liabilities to help you reach your long-term goals. Get started Learn More What we offer Entity Structuring C-Corp? S-Corp? LLC? Or Sole Proprietorship? Monotelo will meet with you to get an understanding of your unique financial situation, your short and long-term business goals, and the implications of your business income on your personal tax return. Then we will guide you to the right solution and walk with you step-by-step to secure the optimal corporate structure for your business. Learn more Get started All In One Business Owner Package You are more than just a business owner. Y our business is just one component of your personal financial picture. And that's why a comprehensive understanding of your personal balance sheet and your other income sources is so essential to helping your achieve your long-term goals, so there's no disconnect between you, your business, and where you want to go in life. Learn more Get started Small Business Service Bundles Monotelo will meet with you to understand your unique needs as a business owner, and suggest a level of service that best fits your growing business and your long-term goals. From there we will guide you through the process to get started, and take away the distractions that keep you from growing your business and building your best life possible. Learn more Get started How Monotelo can help your business. Heading 1 Minimize your tax liability Easy year-end tax filing Monotelo makes year-end tax filing easy. By asking the right questions and ensuring your taxes are filed on time, Monotelo will give you the confidence that things are getting done right. Grow your net bottom line Monotelo will help you structure your business so that you minimize your taxable income, and reduce your lifetime tax liability by eliminating the tax inefficiencies. Minimize your tax liability Monotelo will bring our expertise to the table to help you maximize your tax credits and tax deductions to minimize your taxable income and maximize what you keep in your pocket. Year-round support If you wait to see your accountant until tax time, there is no way they can strategically help you. Our team is a vailable year-round to come along-side you, to help you plan strategically and to answer any questions that you have . Get started Schedule a free consultation. Monotelo Advisors will meet with you to get to know your business needs and understand your unique situation. Select your service. Monotelo will prepare a proposal and help you determine the service package that is best for your business. Sign the engagement letter. Yes. It's that simple. Get back to business. We will handle the finances, so you can focus on growing your business. How the process works Get started Helpful small business articles. New Provisions for the Paycheck Protection Program Deduct your Medical Expenses by Hiring Your Spouse Deducting 100% of Your Business Meals View More More services from Monotelo Retirement Planning. Our Values-Based planning will build the road map so you can have confidence that all the pieces of the puzzle are working together for you to live your best life possible. Learn more Year-End T ax Filing Services. We will help you minimize your taxable income by capturing all the deductions and credits available to maximize your refund. Learn more
- Tax Planning and Preparation | Monotelo Advisors | Elgin
File Online File online File your taxes online form your home. Upload your documents, and get started. Schedule a Meeting Schedule An Appointment Need additional tax help? Schedule an appointment to get started. Get your tax return started at Monotelo Step 1: Upload you documents, or schedule an appointment. Step 2: One of our experienced tax professionals will process your return, and maximize your refund. Step 3: Once your return is complete, we will contact you to sign the consent forms. Step 4: After signing the consent forms, you should receive your tax refund in 1-3 weeks. How the process works. Get started Have tax questions, or need more information? Schedule an appointment Give us a call One of our experienced tax experts would be happy to answer your questions, and get your tax return started Helpful tax tips and articles. Tax Season Checklist Three Reasons to File Early Year-End Tax Planning View More More services from Monotelo Small Business Tax Services We will help you minimize your short-term and lifetime tax liability to free up the cashflow needed to help you grow your business and build for your future. Learn more Retirement Planning Our Values-Based planning service will build the road map so you can have confidence that all the pieces of the puzzle are working together for you to live your best life possible. Learn more
- File Share | Monotelo Advisors
Files + File Name Last updated Views Favorites Contributors FAQ can access Nov 11, 2019 0 0 Jim Richter Item File Welcome to File Share.pdf Nov 11, 2019 0 0 Jim Richter Item
- Bundles | Monotelo Advisors
Find the Best Package for Your Needs Pa Package offering Monthly Accounting Services Allocation of business transactions to correct accounts Reconciliation of bank statements Preparation of monthly Profit & Loss statement Preparation of monthly Balance Sheet statement Annual Corporate Tax Return preparation (Partnership or Corp) Annual Report preparation and submission to Secretary of State Officer Compensation Analysis Quarterly estimated tax payments Monthly Payroll Federal 941 Quarterly Payroll Filing State Quarterly Payroll Filing Year-End 940 Payroll Filing W-2 Issuance to Employees 1099 Issuance to Independent Contractors Client Portal Access Determination of federal and state tax notices Quarterly Conference Call Estimated and Revised Annual P&L Adjustments to Officer Compensation Misc. Business and Accounting Issues Personal 1040 Return Preparation Financial Planning Services Values & Vision Family Strategic Plan Cash Flow & Budget Planning Distribution Planning Employee Benefits Planning Key Employee Compensation Planning Personal Financial Statements Social Security Claiming Strategy Lifetime Tax Minimization Planning Tax Projections Bookkeeping Bronze Gold Platinum Platinum Plus PRICE Starting At $125 Starting At $175 Starting At $275 Starting At $375 Starting At $475 Schedule Meeting
- TIPS FOR SMALL-BUSINESS OWNERS | Monotelo Advisors
SMALL BUSINESS TIPS Deduct Your Medical Expenses by Hiring Your Spouse Deducting 100% of Your Business Meals New Provisions for the Paycheck Protection Program Pandemic Provision for Tax-Free Payments to Your Employees How to Get Forgiveness of Your Paycheck Protection Loan Tax Impact of the Paycheck Protection Program Economic Relief From The Small Business Administration Deducting Your Business Travel Five Year-End Business Deductions Avoid Taxes On Your Reimbursed Employee Expenses How Will Your Real-Estate Sale Be Taxed? Putting Your Self-Employment Income Away for Retirement Deducting the Business Use of Your Vehicle How to Deduct Your Vacation Travel as a Business Expense Staying Out of the "Danger Zone" of the New Small-Business Deduction New Deduction for Pass-Through Businesses Unlocking the Missed Deductions of a Home Office Avoid the Headaches and Penalties Associated with 1099 Reporting Providing Healthcare Coverage to Your Employees What is the Best Business Structure for You? Are You Protecting Yourself From Your Corporate Income?
- | Monotelo Advisors
Schedule a meeting. How do you want to schedule your meeting? Get started over the phone, or Zoom Virtual Get one-on-one personalized help One-on-one meeting
- | Monotelo Advisors
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