Watch Out for These Investment Mistakes

When faced with all the decisions that need to be made to ensure you select the proper investments to meet your long-term financial goals, it’s easy to become overwhelmed. How do you choose the right combination of investments to help you reach a goal that may...

Keeping an Eye on the Economy

Watching key economic indicators over time should help you understand the signals the economy is sending. You may not be able to make financial decisions with certainty, but understanding the economy should help you make decisions, such as which investments to...

Maintaining Realistic Expectations

To ensure you meet your financial goals, your investment plan must incorporate a reasonable rate of return for your investments over the long term. Consider the following when setting a long-term rate of return for your investments: Review historical rates of return....

Reducing Audit Risks

While only the IRS knows the criteria for audits, some items are likely to increase your odds of an audit: Not reporting all income on 1099s and W-2s. The IRS has a thorough matching program that compares all information reported on W-2s and 1099s to individual...

Dividing Assets and Tax Bills in Divorce

When a divorce happens, there are often major financial consequences and some important tax issues too. Here are the tax rules that generally apply when a couple’s assets are split up in a divorce property settlement. After Divorce: Only Certain Transfers are...

Ten Tax Planning Tips to Consider

Here are 10 tax planning tips to consider that might help reduce your federal income tax bill: 1. Contribute the maximum amount to your 401(k) plan. Up to applicable limits, your contributions are subtracted from your gross pay, so you don’t pay current income...

Learn From Departing Employees

If you want the truth about your company, ask people on the way out. Exit interviews can deliver important inside information. The way departing employees view your organization might be the way things really are. Below is an exit interview questionnaire you can print...

Combat All Threats to Data Security

Data protection has become an increasing challenge at many organizations. Events such as the loss or theft of customer records, the accidental forwarding of sensitive e-mails, and violations of corporate policies have pushed information-loss prevention to the top of...

Associates Need Financial Savvy

Financial savvy is an integral part of serving your clients well. While there are many areas of financial and accounting knowledge that can improve an attorney’s ability to serve their clients, we’ve picked a few recurring themes as a jumping off point. Cost-Benefit...