My wife and I have been actively planning for our kids’ college educations for a while. As for many people, creating a plan to efficiently save enough for our kids’ college careers is a difficult task. We found that creating and maintaining a 529 savings plan can help. In fact, it’s one of the most…
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The Limited Partnership (LP) business entity type is an interesting one and is useful in the right situation. To compare and contrast, an LP is valuable because it offers many of the same tax planning benefits as a general partnership or LLC, but also many of the same limited liability protections as a corporation. This post is…
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Business life insurance policies are common to an accountant, but I never knew the real-world application or benefit of them until recently. I got married this past summer and my wife and I started looking into life insurance policies. I asked our agent about partnership life insurance out of curiosity and realized it’s something more business…
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This week, Fresno welcomes back one of its largest conferences, the Central California Women’s Conference. It’s truly a cornerstone event and one that our firm looks forward to every year. Looking towards this event and learning more about former first lady, Maria Shriver, the event’s keynote speaker, I reflected on one of Maria’s famous quotes.…
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Choosing a new (or new-to-you) car is exciting, and one of the biggest financial decisions you’ll make. You may be wondering, “Should I lease or buy a car?” As such, you should consider all your options and how they’ll affect your lifestyle. What’s the most cost-effective way to drive the car you want? Choosing between…
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Have you considered investing in cryptocurrency but wonder what the tax ramifications will be? Although the IRS is still playing catch-up with crypto technology, they have issued some basic guidance (Notice 2014-21) which helps us answer this question. The IRS has ruled that cryptocurrencies are to be considered “property” for tax purposes, rather than “currency,”…
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