IRS Extends Deadline to Supply ACA Forms to Employees

  |  January 3, 2018

In IRS Notice 2018-06, the IRS announced an automatic 30-day extension of the 2018 due date for furnishing 2017 Forms 1095-B (Health Coverage) and 1095-C (Employer-Provided Health Insurance Offer and Coverage). Employers now have until March 2, 2018 to distribute 2017 health coverage information forms to employees. Employees may use this information to determine whether they may claim the premium tax credit on their income tax returns. Read more. Read More

Planning Matters (January 2018) – The Changing Landscape of Life Insurance Planning

  |  January 3, 2018

One of the cornerstone principals of financial planning is the need to adequately evaluate risks to achieving long-term goals and objectives.  Often times that process is referred to as risk management.  At its core, the management of “life” risks is often divided into the following: dying too soon, becoming disabled, living too long, or not having enough assets. The foundational product that has been developed to meet the risk of dying too soon is life insurance. Read more. Read More

Is Your Business Ready for Year-End Tax Planning?

  |  December 11, 2017

Year-end tax planning is critical to capitalize on the many tax-saving opportunities that may be available for your business. Whether you have a standard corporation, sole proprietorship, partnership, limited liability company, or S corporation, we have outlined potential tax strategies you can take on the federal level to reduce your taxes in the coming year. To find out more, access our 2017 Year-End Tax Planning Guide for Businesses here. Read More

2017 Proposed Tax Reform Legislation – Explained

  |  December 11, 2017

On December 2, 2017, the Senate passed its version of the "Tax Cuts and Jobs Act." This proposed tax reform will be reconciled with the House of Representatives' bill, which passed several weeks earlier. The final bill may become law by the beginning of the new year, and it is poised to make radical changes to the current tax code. To get a better sense of what each bill contains, including their differences from each other and the potential impact they could have on individual and business tax planning, view our guide here. Read More

Tax Planning for 2018: 5 Arizona Individual Tax Credits to Know

  |  December 4, 2017

The State of Arizona has a variety of tax credit options which allow you to direct your tax dollars to a qualified charitable organization or school. The donation will also qualify for a federal charitable contribution deductible on Schedule A of an individual return in the year it is paid. To find out more about these credits, as well as view additional resources and information about our tax services, click here. Read More

IRS Announces ACA Penalty Notices – With 30-Day Response Time

  |  November 27, 2017

The IRS has announced that it is notifying Applicable Large Employers (with 50 or more full-time or full-time equivalent employees) “in late 2017” of shared responsibility penalties under the Affordable Care Act (ACA). The penalties will be for calendar year 2015 – the first year that employer reporting was required. The notices are being sent as letters from the IRS, and employers who disagree can respond to appeal the penalties. Read more. Read More

10 Thoughts on Investments for 2018

  |  November 1, 2017

As 2017 draws to a close and we look forward to 2018, conventional wisdom suggests that New Year’s resolutions, although made with the best of intentions, will be abandoned as 2018 progresses. But perhaps you’ll find some of these investment thoughts worth the follow-through. We can help by keeping your focus on those things you can control, rather than fixating on those you cannot. Here are 10 investment basics you can count on: Read more. Read More

Financial Planning in the World of Headlines and Tweets

  |  October 13, 2017

If you only look at the headlines these days, you might be compelled to think that the best of all plans, financial and otherwise, is to dig a really big hole and hide. Unfortunately, good planning requires that we look to the facts and avoid the noise.  It’s a truism that “bad news sells newspapers.” However, in spite of the headlines, it is important for us to be making our financial and retirement decisions with data based on facts, and not the headline of the day. Take Social Security for example. Read more. Read More

Market View (October 2017) – Investing Amid Market Highs

  |  October 10, 2017

A recent headline read that the Dow Jones Industrial average posted its first eight quarter win in 20 years. It is rare to go two years straight without a negative quarter, and the question on many minds has been, “When will the equity markets experience a correction?” A correction is often defined as decline of 10 to 20%. Trying to predict the next decline is notoriously hard (some might say a fool’s errand), and back in April we discussed four economic areas that affect the velocity of money. Read more. Read More