How the pandemic may affect long-term care insurance
If you have a long-term care insurance policy, you may wonder how it is affected by the pandemic. If you don’t have a policy, you may wonder if the pandemic will make it more difficult to get one. There are lots of uncertainties regarding COVID-19’s impact on long-term care insurance, but here is some of […]
Medicare’s different treatment of post-hospital care options
Hospital patients who need additional care after being discharged are usually sent to either an inpatient rehabilitation facility (IRF) or a skilled nursing facility (SNF). Although these facilities may look similar from the outside, Medicare offers very different coverage for each. While you may not have a complete say in where you go after a […]
Estate planning essential for unmarried couples
While estate planning is important for married couples, it is arguably even more critical for couples who live together but aren’t married. Without an estate plan, unmarried couples won’t be able to make end-of-life decisions or inherit from each other. Estate planning serves two main functions: determining who can make decisions for you if you […]
Make Preparations for Form 1099s This Year
Be looking for new Form 1099-NEC! Here are three tasks to consider that will make meeting your business’s information reporting requirements less stressful this tax season. Review your general ledger. Even if you’ve already identified 1099 vendors in your payables system, review current year expenses to make sure no new or infrequent payments have been […]
Seven Tips For Financial Wellness In 2021
Common New Year’s resolutions are to lose weight or become more active. Perhaps 2021 is the year to shift focus. Here are seven tips to help you become more financially fit. Create a budget. It’s easy to get into financial trouble if you spend more than you earn. By watching your budget more carefully, you […]
Uncle Sam’s New Year’s Resolutions
As new year’s celebrations are in the rearview mirror, it’s nice to continue celebrating the resolutions that we are definitely going to achieve! So we asked Uncle Sam – yes that Uncle Sam – what his new year’s resolutions were. This is what he told us… Help the federal government spend less money than it […]
2021 Retirement Plan Limits
As part of your 2021 tax planning, now is the time to review funding your retirement accounts. By establishing your contribution goals at the beginning of each year, the financial impact of saving for your future should be more manageable. Here are annual contribution limits for 2021: Take action If you have not already […]
PPP Loan Expenses Are Now Tax Deductible
If you or your business received funds from the Paycheck Protection Program (PPP), the recently passed Emergency Coronavirus Relief Act of 2020 will help to dramatically cut your tax bill. Here’s what you need to know. Background The PPP program was created by the CARES Act in March 2020 to help businesses which were adversely […]
More Stimulus Payments on the Way
What you need to know NOW! You could soon see another stimulus payment in your bank account with the recent passage of the Emergency Coronavirus Relief Act of 2020, which means more direct relief to you and your family. Here are some of the major points you need to know that are buried inside this […]
Living with your parents (or adult children)
The way families are living in the day to day has changed dramatically over the past several months due to the pandemic. Most families have one or more parents working remotely, and many have one or more children in school remotely, part-time if not all of the time. The situation has also made it challenging […]
