Reactive vs Proactive Tax Strategy

It’s May – and you’re likely very happy to have tax season behind you.  We know better than most how frustrating tax filing can be for many taxpayers.  The rush to get materials together, finding time to meet with your accountant, and – possibly – scrounging up money to pay your tax bill. Let me [...]

By |2019-05-01T13:32:12+00:00May 1st, 2019|Taxes|0 Comments

Why Your Financial Advisor and Accountant Need to Work Together

Successful people live complicated financial lives.  Often, they must employ multiple professionals on their financial team. Too often, however, they don’t realize the importance of coordinating the advice they receive from their CPA and financial planner. Because of this, these financial professionals often fail to work together, which can lead to unfortunate tax ramifications. Receiving [...]

By |2019-05-01T13:26:07+00:00March 19th, 2019|Financial, Taxes|0 Comments

How to Plan for a Meeting with Your Tax Advisor

If you haven’t yet met with your tax advisor, now is a good time to schedule a meeting. The Tax Cuts and Jobs Act went into effect on January 1, 2018 and represents the most significant tax overhaul in 30 years. As we enter tax season, preparing for the impacts of this new tax law [...]

By |2019-05-01T13:25:56+00:00February 7th, 2019|Taxes|0 Comments

Iowa Tax Reform 2018: What to Expect

On May 5, 2018, the Iowa Senate and House passed the Iowa Tax Reform Bill (Senate Filing 2417), and Governor Kim Reynolds signed the bill into law at the end of the same month. It is the largest tax cut in Iowa’s history and contains tax changes that will affect the 2018 tax year. This [...]

By |2018-07-24T19:30:25+00:00July 24th, 2018|Taxes|0 Comments

Tax Aftermath: How to Plan Better for Next Year

Tax season has now passed, and it’s time to create a more efficient game plan for next year. Unless you have a proper tax strategy prepared in advance, tax season can be a huge hassle. Fortunately, there are some relatively straightforward steps you can implement now to prepare for next year. If your taxes caused [...]

By |2018-05-23T16:47:48+00:00May 23rd, 2018|Taxes|0 Comments

Six Ways to Take Advantage of Incoming Tax Law Right Now

New tax rates and other provisions will go into effect on January 1. Below are several things you can do this year to take advantage of the changing tax code. Be sure to schedule an appointment with us before the end of the year to discuss if any of these strategies could benefit you. Give [...]

By |2017-12-22T15:02:32+00:00December 22nd, 2017|Taxes|0 Comments

Tax Reform Legislation Simplified

You may have seen some information in the news about the draft tax reform legislation that was released recently – both by the House and by the Senates. These proposed bills have many differences. Here is a simplified breakdown of the main differences between the two.   House Version  Senate Version Individual Tax Rates Four [...]

By |2017-11-15T15:49:42+00:00November 15th, 2017|Taxes|0 Comments

Five Smart Year-End Tax Strategies for Business Owners

It is almost the end of the year. Many small business owners are starting to think about their budgets and goals for next year, but have you thought about the things you can still do this year to reduce your tax bill? You can get significant tax savings with proper planning. Below is a list [...]

By |2017-10-30T16:41:02+00:00October 30th, 2017|Taxes|0 Comments

Five Reasons You Need A CPA to Prepare Your Taxes

There are so many options available for tax preparation - do it yourself software programs, tax preparation firms, accountants, CPAs – that it can be hard to decide which option is best for your particular needs. Let us help! Below are some great reasons to use a CPA (Certified Public Accountant) for your tax preparation [...]

By |2017-10-18T16:53:28+00:00October 16th, 2017|Taxes|0 Comments