By: Thad Ismart, CFP ® | Financial Planner Many of us do much of our communicating and shopping online. Our email and social media accounts, along with many of the things that we purchase—songs, books, movies—exist only in electronic form, often… Read More
By: Benjamin Dorsey,CPA, CFP®, CDFA™, MST | Director of Tax Services “In this world nothing can be said to be certain, except death and taxes” — famous words from Benjamin Franklin that have stood the test of time (and likely… Read More
BWFA Tax Manager Joe Hill was recently featured in the November issue of The Business Monthly magazine, discussing how to plan for a required minimum distribution (RMD). Follow this link to read the article: Planning for a Required Minimum Distribution
By: Joseph Hill, Jr., CPA, MBA, MSF | Tax Manager After investors reach age 70 ½, “the tax man cometh.” That’s when the IRS requires mandatory withdrawals from traditional Individual Retirement Accounts (IRAs), employer-sponsored retirement plans such as 401(k)s, 403(b)s,… Read More
By: Sharolyn Hockey – Tax Manager Filing their income tax return is a chore most Americans dread. Once that return is filed, you probably stop thinking about your taxes, don’t you? But there’s no better time to start your tax… Read More
Because the federal government and the states are in difficult financial shape, they’re stepping up efforts to collect tax revenue. We’ve seen a large increase in letters from the IRS and state governments requesting more information or more tax dollars,… Read More
Beginning in 2013, there will be a new 3.8% tax on investment income that exceeds certain limits. The tax came about to provide revenue for the 2010 Patient Protection and Affordable Care Act, which was upheld by the US Supreme… Read More
Congress and the last two presidents have put legislation into effect that makes the payment of college education expenses a potentially lucrative tax savings tool. Parents and college students should plan carefully so that they maximize these tax savings. Unfortunately,… Read More
This will be a challenging year for BWFA’s tax team. A lot has been written about 2012 and 2013 tax law. Here’s a selected summary of the changes and the planning opportunities as they exist now. Retirement plan contributions… Read More
The Accountant�s Full Employment Act of 2003 (also referred to as the Jobs and Growth Tax Relief Reconciliation Act of 2003) has been signed. But before you groan, there is quite a bit of good news for our clients, including… Read More
