Why You Need Estate Tax Planning Strategies

“Tax,” “Plan” and “Strategy” are three very powerful words. No one wants to pay more tax than they should. Planning to avoid excessive taxes takes sound advice, and that advice usually results in putting together a strategy. An estate tax-planning strategy is even more important, because estate taxes may not affect you or your family […]

Trusts and Bankruptcy: Using the Right Tools

If you have a living trust, you may be confident that your assets are protected no matter what may befall your estate. The truth is that your property and money might still be vulnerable to your creditors, the IRS and bankruptcy court. What is a Living Trust? It is a legal written statement of how […]

4 Tips for Deducting Losses from a Disaster

On the night of November 28, 2016, the devastating fires in Sevierville County forced over 14,000 people from their homes, injured 191 people and 14 people died in the fire or related to the fire. The small vacation destination was devastated. More than 2,460 buildings were damaged or destroyed in the Chimney Tops #2 fire. […]

3 Ways Trusts May Benefit You

Unless you look at tax laws and think “pff, childs’ play!” you’re probably looking to make things in your life a bit easier. Trusts can do that. This post defines what a trust is and describes the types of trusts and the benefits of using trusts. Read on for three relatively simple ways that you […]

The 10 Best Tips to Prepare For The 2017 Tax Season

Are you already thinking about the upcoming tax season? If so, you aren’t alone. The new year is one of the best times to think about your financial goals so you can make the necessary changes. Here are ten of the best tips to prepare for the 2017 tax season. 1. Organize Your Financial Documents […]

Reasons to Outsource Your Bookkeeping

The dramatic increase in online activity continues to change the way that all businesses — both large and small — conduct their operations. Companies are constantly seeking ways to cut costs and actions that can produce a competitive edge. Given the wide array of factors that any business must contend with (from human resources to […]

How Taxpayers Can Recognize Phishing Scams

The end of the year means tax season is upon us. The Internal Revenue Service (IRS) begins to issue notices of new tax laws and alerts informing the public of the resources available on their website. The IRS has raised an alarm that everyone should take seriously – how taxpayers can recognize phishing scams and […]

Retirement Plans for the Self-Employed

The number of self-employed Americans has steadily climbed when compared to historical levels. According to this data from the Pew Research Center, approximately 30% of jobs in the United States are held by those who are self-employed, or by the workers that they have hired. Considering the steady increase in the number of self-employed Americans, a question […]