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We offer Tax Solutions yearly, let us prepare your documents while you work…

Debt Management

 

Debt management is a way to keep up with your bills, especially if they have seemingly gotten out of control. You can use many strategies to manage your debt, including the debt snowball method or working with a credit counseling organization. In any of these cases, you will create a debt management plan that fits in with your specific budget and financial situation

Retirement Planning

 

Retirement planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirement savers to grow their money with certain tax advantages.

College Funding

 

The college funding determined by the FAFSA will include Federal Pell Grants and other need-based grants, Federal Stafford Loans, the Parent Loan for Undergraduate Students, or PLUS Loans, and campus-based aid such as Federal Work-Study opportunities and the Federal Perkins Loan program.

Estate Planning

 

Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law.

Tax Planning

 

6 tax planning strategies to maximize next year's tax return

  1. Convert traditional IRAs into Roth IRAs. ...

  2. Make charitable contributions. ...

  3. Use your estate tax exemption. ...

  4. Pull income into 2021. ...

  5. Set up a SEP-IRA for your business. ...

  6. Introduce your advisory team to each other, and communicate early and often.

Charitable Giving

 

Tax deductible donations are contributions of money or goods to a tax-exempt organization such as a charity. Tax deductible donations can reduce taxable income. To claim tax deductible donations on your taxes, you must itemize on your tax return by filing Schedule A of IRS Form 1040 or 1040-SR.

For the 2021 tax year, you can deduct up to $300 of cash donations per person without having to itemize, meaning a married couple filing jointly could deduct up to $600 of donations without having to itemize. This is called an "above the line" deduction.