Financial Planning

Crypto-What??

Crypto-What?? By Nirali Chokshi Bitcoin, Ripple, Ethereum, Litecoin – what do they have in common? These are all types of different cryptocurrencies. You’ve heard a lot of these words in the news, articles, or amongst friends, but is this something you should get into? Should you buy/invest in them? That’s really for you to decide, but first you should understand …

Thinking About Finances at Diwali

Thinking About Finances at Diwali By Nirali Chokshi, CPA Happy Diwali! Diwali is one of the most auspicious celebrations for Hindus, Jains, Sikhs, and Newar Buddhists, and has many different meanings to people in addition to celebrating the triumph of light over darkness and good over evil. From an accounting standpoint, many also take time to reflect, give thanks to …

Your Hurricane Damage Claim

By Mordechai L. Breier Has the insurance company denied your hurricane damage claim? Has the insurance company denied your claim for damage to your home? Did your property insurance company tell you that your deductible is higher than your damage? Did you receive enough money from the insurance company to repair the damage to your home? Did your wife just …

Green Energy Tax Savings

Green Energy Tax Savings By Nirali Chokshi, CPA The Earth is such a beautiful planet. We only have one to live on. If you’re paying attention to the news, you will see the government has deregulated environmental protection standards on companies. So what does this mean? It gives companies more rights to abuse the environment and not think of the …

Healthy Financial Habits

Healthy Financial Habits By Nirali Chokshi, CPA Healthy habits usually have an automatic relation to food and exercise, but it can also apply to your finances and taxes. Developing adequate preventative health habits is comparable to developing proper financial habits to make that inevitable rainy day just a little bit less stressful. As I’m a huge believer in preventative health, …

Congratulations on Getting Married!

Healthy Financial Habits By Nirali Chokshi, CPA Healthy habits usually have an automatic relation to food and exercise, but it can also apply to your finances and taxes. Developing adequate preventative health habits is comparable to developing proper financial habits to make that inevitable rainy day just a little bit less stressful. As I’m a huge believer in preventative health, …

IRS Scammers

IRS SCAMMERS By Nirali Chokshi, CPA *Ring Ring* You: Hello? Pretend IRS: Yes, this is the IRS. You have $5,000 due for your 2014 taxes. Either pay by end of business day or I’ll have the cops arrest you. You: Get lost. That is what I hope your response would be if you ever get one of these calls. Internal …

Numbers for Financial Success

Numbers for Financial Success To achieve success in life, you must set your goal. This is also true for financial success. Here, we are presenting expert-recommended financial targets that will help you to achieve financial success what you are looking for. The Share of Your Pretax Monthly Income that Should Go Toward Housing Costs 28% to 38% Source: Carolyn Warren, …

How to Prepare Financially for a Longer Life

How to Prepare Financially for a Longer Life Provided By: Anjanee Mahabir, Northwestern Mutual If you ask people, many of them will tell you that they are not afraid of dying so much as they may be afraid of outliving your resources. No one looks forward to the time when you can no longer care for yourself. When that time …

Misconception about Itemized Deductions/Schedule

Misconception about Itemized Deductions/Schedule A on your Tax Return “Sure, you can deduct that on your tax return.” How many times have you heard that statement before? But can you really? As taxes are a hot topic in the news and your social gatherings, I hear numerous questions on deductions. What’s allowed? How much can I deduct? To what extent …