Financial Planning Page

Happy 2019! By Nirali Chokshi

By Nirali Chokshi Amid the disorder of a government shutdown and an unstable stock market (things that we cannot control), let’s keep focus on things we can control. As people tend to have a mindset of a fresh start in the new year by working out, eating healthy, or following through a goal, it’s also good to do a maintenance …

Tax Scams & Schemes

Tax Scams & Schemes The "dirty dozen" favored by criminals & cheats. Provided by Rajesh Jyotishi Year after year, criminals try to scam certain taxpayers. Year after year, certain taxpayers resort to schemes in an effort to put one over on the Internal Revenue Service (I.R.S.). These cons occur year-round, not just during tax season. In response to their frequency, …

Strategies to Reduce Your Taxes and Keep More of Your Savings

Strategies to Reduce Your Taxes and Keep More of Your Savings By Umang Thakkar & Payal Agarwal We are living in a reformed tax world now, since the passage of the Tax Cuts and Jobs Act (TCJA) in 2017. For most of us, the effects of this act will not be felt until we file our 2018 Tax Return, due …

Plan Your Work and Work Your Plan

Plan Your Work and Work Your Plan By Ashish Kumar Vince Lombardi, legendary coach of the NFL Green Bay Packers once said, “Plan your work and work your plan.” It is very true that in order to accomplish anything in life, be it good grades in school, financial freedom, or a successful career, you must have a plan. But a …

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, …