“Step Away From That Soda, Sir…”

By |2017-02-03T09:00:02+00:00February 3, 2017|Tax Planning|

"Step Away From That Soda, Sir..."   Last year, the Philadelphia City Council slapped a 1.5 cent-per-ounce tax on soda and artificially-sweetened drinks. The new tax, which became effective on January 1, sounds like something intended to fight obesity, diabetes, and other public health threats. Council actually designed it to finance universal pre-kindergarten for Philadelphia schoolchildren and pay for local development projects. However, like many taxes — especially so-called "Pigovian" taxes on market activities that impose societal costs (like smoking and drinking) — the soda tax [...]

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Christmas Tax Breaks for Christmas Trees

By |2016-12-27T09:00:35+00:00December 27, 2016|Tax Planning|

Christmas Tax Breaks for Christmas Trees   'Tis the season to be jolly, and how jolly could we be without Christmas trees on display? For some of us it's the classic Pinus Sylvestris, or scotch pine. For others it's the soft-needled Abies fraserie, or Fraser fir. Still more make do with the store-bought plasticus annualensis, or "Target special." (Artificial trees can be beautiful, too!) Christmas trees are a festive symbol of holiday spirit, and most of us can't help but smile when we see one. (Unless [...]

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Sweet!

By |2016-12-15T09:00:28+00:00December 15, 2016|Tax Planning|

Sweet!   December is a busy month for holidays, what with Christmas, Hanukkah, and Kwanzaa all crowding calendars. But there's a lesser-known holiday that falls on December 16 that we don't want you to miss. It's not Ugly ChristmasSweater Day or Free Shipping Day (although those are both fun, too). We're talking, of course, about the obvious celebrations surrounding Chocolate Covered Anything Day. (Look it up!) Most of us look for foods that are delicious, filling, and healthy. Chocolate-covered pretzels, chocolate-covered potato chips, chocolate-covered bacon, and [...]

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6 Potential Tax-Law Time Bombs Affecting IRAs

By |2016-11-25T09:00:23+00:00November 25, 2016|IRAs, Tax Planning|

6 Potential Tax-Law Time Bombs Affecting IRAs   It's Black Friday...and we're talking about savings...or what we thought were great tax savings ideas! Some of these items have been in federal budget proposals for years. It may be only a matter of time before they become law. And it could considerably change planning strategies for many people. The 2017 Congressional budget proposal includes six little-known but important tax time bombs that could affect your individual retirement accounts. Joe Ross, vice president of sales productivity and business [...]

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Breathe! We’re going to be just fine…

By |2016-11-09T09:00:16+00:00November 9, 2016|Tax Planning|

Breathe! We're going to be just fine...   Breathe! The election is over... and hopefully the hype and hyperbole as well, at least for a while. Election seasons are one of the most volatile and unpredictable time periods that take place on a consistent basis around the world. The 2016 presidential election was no different, with investors wondering, “How should I rebalance my portfolio to protect my investments and take advantage of the election’s effect on the economy?” Believe it or not, I only received 2 [...]

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Will It Blend?

By |2016-10-12T09:00:12+00:00October 12, 2016|Tax Planning|

Will It Blend?   If you've spent any time on the internet, you know it's a vast rabbit hole of places to waste precious minutes of your life. "Will it Blend" is one of those places, a video series showing off the Blendtec line of blenders. The videos feature the company's founder, smiling in a white lab coat and safety goggles, dropping the day's experiment into one of his company's appliances. Not surprisingly, avocados, credit cards, and an Big Mac Extra-Value meal all blend just fine [...]

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Round ’em Up and Shake ’em Down!

By |2016-10-06T09:00:09+00:00October 6, 2016|Tax Planning, Uncategorized|

Round 'em Up and Shake 'em Down!   Last month, Hollywood brought back the classic western with a remake of "The Magnificent Seven". It's a tale as old as the West itself. An evil land baron terrorizes a town to satisfy his insatiable greed...and a ragtag squad of outlaws rides in to the rescue. You might be surprised to learn that the IRS has its own elite posse, too. They ride into battle wearing wool suits and skirts instead of leather chaps, brandishing subpoenas instead of [...]

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Moneyball?? Ehh….Not Really.

By |2016-09-29T09:00:06+00:00September 29, 2016|Tax Planning|

Moneyball?? Ehh....Not Really.   America... is a nation divided. Cat people vs. dog people. Trump people vs. Clinton people. And last week, we discovered a new chasm to bridge: "Brad" people and "Angelina" people. That's right, Brad Pitt and Angelina Jolie are filing for divorce after two years of wedded non-bliss. Will the "Brangelina" breakup turn into a fight club? Will it drag out, or will she be gone in 60 seconds? Whose side are you on? How much do you care about the biggest celebrity [...]

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Red Tax Rising!

By |2016-09-08T09:00:19+00:00September 8, 2016|Tax Planning|

Red Tax Rising!   Novelist Tom Clancy shot to the top of the best seller lists when former president Ronald Reagan called his debut, The Hunt for Red October, "the best yarn." His stories featuring CIA analyst-turned-president Jack Ryan redefined the "techno-thriller" genre, with hyper-realistic plots that foreshadowed real-world developments. Clancy earned special praise for his obsessive attention to detail, especially with military hardware. But that attention to detail didn't quite extend to his finances — and a Maryland court just ruled that it would cost [...]

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We’re Moving! Just in time for Back to School Tax Time!

By |2016-09-01T09:00:46+00:00September 1, 2016|Tax Laws, Tax Planning|

We're Moving! Just in time for Back to School Tax Time!   We're moving! Officially, our new office space will be at 9175 Guilford Rd., Suite 204A, as of September 2nd. This move will allow us to expand a bit, both in personnel and capacity. We look forward to welcoming everyone to the new spaces! Our phone numbers remain the same. Now's the time of year when kids across America start heading back to school. (And thanks to Governor Hogan, next year, it'll be after Labor [...]

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