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Author: chris

Is Your Will Up to Date?

Making a will is not fun. We know. It’s right up there with taxes on the list of things we’d rather not think about or deal with until we absolutely have to, right? But nothing in life is certain except death and taxes. We’ve all heard the saying. Why not sleep a little better at […]

Tis the Season to Be Giving!

November is when we all start thinking about charitable giving, especially if we haven’t done a lot of giving throughout the year. It’s the time of year when we all think about how to give back – how to help others in our community, our state, our world.  At this time of year, we usually […]

Sue Becomes QuickBooks Advanced ProAdvisor

Sue Tithof Leads Team Holly to Advanced QuickBooks ProAdvisor Certification We’re proud to announce that our intrepid Master CPA and Financial Goddess, Sue Tithof, became an Certified ProAdvisor Advanced for QuickBooks Online this month. As part of her training for the certification and exam, Sue attended the QuickBooks Online Virtual Conference in October 2017, learning […]

Smart Disaster Planning Tips

We know: disaster planning is not high on the list of things we all want to do. But in the wake of disasters like Hurricane Irma and Harvey, or the wildfires out West, disaster planning should be top of mind for all of us.  Too often natural disasters strike and serve as reminders that it’s […]

Education Tax Credits – What You Need to Know

What You Should Know about Changes in Education Provisions in the Tax Law The IRS has several provisions for helping families offset the cost of education through education tax credits. Are you making the most of tax benefits designed to offset some of the high costs of education?  The American Opportunity Tax Credit, extended through […]

Managing the Tax Effects of Divorce or Separation

No one wishes for a divorce. But if it happens to you, are you prepared for the tax impacts that a divorce can have? It’s no surprise that the ripple effects of divorce reach all major areas of our lives. But most folks don’t consider how their tax situation will be impacted by divorce.  Filing […]

Tax Planning & Mutual Funds

In an effort to make your tax bill less scary than usual, this October we are focusing our blogs on tax planning. This blog specifically focuses on mutual fund tax planning. But aren’t my mutual funds investments that I shouldn’t worry about or touch?? (We can actually hear you thinking that.) The quick answer is: […]

4 Great Reasons to Take Payroll as an S-Corp Owner

As you probably know, October is tax planning month for us at Team Holly. We’ve already posted some blogs about what kinds of financial decisions might warrant a call to your CPA (so you can assess the tax impacts of your choices), and some investment tax planning strategies. So what do S-Corp payroll and tax […]

3 Times You Really Need to Call Your CPA

Every year during tax season, we have a handful of clients who get a really unpleasant surprise from Uncle Sam – a tax bill. Sometimes the surprise is moderate – maybe a few hundred bucks owed rather than a refund. Other times it’s downright painful. One client this past season had a surprise tax bill […]

What to Know About ROTH IRA Conversions

You’ve probably heard friends, family, or financial advisors talk about ROTH IRA conversion strategies. “Back door” conversions are always a hot topic at tax time, too. Ever wondered what it all means? Here’s a quick 5-minute overview from our friend and financial advisor, Michael Gluski of Ameriprise, on Roth IRA Conversions. (In a later blog post, […]