by Murry Englard, CPA | Apr 20, 2020 | Taxes
An individual retirement account (IRA) is a type of tax-deferred account that is ideal for earning non-taxable money and saving for retirement. The following are the most popular IRAs that provide favorable tax benefits. 401(k) Plan: A 401(k) plan is provided by an...
by Murry Englard, CPA | Mar 24, 2020 | Accounting
Getting out of debt is a worthy goal but difficult and challenging to achieve. If you love to spend or are accustomed to a certain lifestyle, getting out of debt can be even more of a task. But, being in debt, whether large or small, is not the end of the world. You...
by Murry Englard, CPA | Feb 11, 2020 | Accounting, Taxes
One of the most highly-advised financial credos, regardless of whether it’s professional or personal, is to be prepared in the event of an unexpected tragedy or occurrence. The first proverb about putting something aside against a hypothetical time of adversity has...
by Murry Englard, CPA | Jan 30, 2020 | Accounting, Taxes
As the year winds down, the time to prepare to file taxes draws closer. The 2019 tax season is not extremely different from last year’s, but there are a few changes taxpayers should be aware of. For many, the Tax Cuts and Jobs Act of 2017 is still difficult to...
by Murry Englard, CPA | Dec 9, 2019 | Taxes
Taxpayers may be missing out on deductions, which significantly reduce their tax bills or even earn them money if they don’t know about these ten deductions. Self-Employment Social Security- If you’re self-employed, you can deduct half of the 15.3%...
