Tag: CPA

Nervous About Retirement?

‘Mary Dovel, CPA/PFS, managing partner at Telos Family Office in Charlotte, N.C., and a member of the AICPA Personal Financial Planning (PFP) Executive Committee advises that for the best outcomes when planning for retirement, “Clients are much happier when they have clarity and fewer decisions.”’

They recommend following these steps:
Start With an Overview
Consolidate and Automate
Talk About Worst Case Scenarios
Consider Test Runs

Calming nervous clients nearing retirement Read the full article, HERE.

Newly Wed Tax Implications

Getting married this wedding season? Be prepared from a tax standpoint and know what paperwork you will need to complete within ten days of your nuptials. Learn this and more at the IRS website where they have all kinds of tax information and a great FAQ for just about any question. Still have more tax questions? Contact Debra Newby Watkins, CPA, 512 900-8952.

Tax checklist for newlyweds

Tax Time is Coming Soon!

It’s time to start gathering forms and data for your 2020 tax returns, if you haven’t already.  This time of year you may have many questions about your taxes, but one of the most important things to monitor is your withholding. Ever had a surprise tax bill that caused you financial hardship?  The best way to avoid this is by checking your withholding every year.  For more information on the right amount for you based on various factors, visit https://www.irs.gov/pub/irs-pdf/p5349.pdf and try their Withholding Estimator today! For all your other tax questions contact me, Debra Newby Watkins, CPA, 512 484 8016.

It’s Tax Day, Hug Your CPA

Tax-FormToday is one of the most stressful dates for many Americans.  April 15th, Tax Day brings all kinds of worries for those who have waited to complete their tax forms and not sought the help of a CPA.  On the other hand, accountants are just coming to the end of an extremely busy work season.  Maureen Schwartz offers a humorous view of living with a CPA during this time and how best to care for them.  Happy tax season and raise a glass to your and all CPAs in the US this monumental day!  The 10 simple rules of caring for your CPA this busy season