Single Point of View
Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.
Save On Your Electric Bill: Summer Update
It may be due to the heat we have had the last couple weeks or just the fact that many folks have been finally able to work on their personal "to-do" lists. Regardless of the reason, questions about switching electric suppliers have resurfaced in conversations. Keep in mind that if you are in the middle of a "fixed rate" [...]
Investment Update
The impact of our behavior on financial decisions is something that is getting more and more needed attention in the financial planning industry. As volatility has picked up in the investment markets in recent days we thought it was a good time to re-address the philosophy we implement. As we stated in a previous post,borrowing a line from a [...]
Go Banking Rates
Check out Shaun's quote in Go Banking Rate's article, 5 Investing Fees Beginners Forget About.http://www.gobankingrates.com/personal-finance/5-investing-fees-beginners-forget/
Tax Laws for Household Employees
When a family hires an individual to perform duties in or around their home, they are considered a “household employer.” The IRS views the worker — whether a nanny, health aide, housekeeper, gardener, cook/chef, personal assistant, estate manager, etc. — as an employee of the family. Misclassifying an employee as an “independent contractor” is considered tax evasion.If a household employee [...]
Earned Sick Time Safe Harbor for Employers
July 1 is fast approaching for businesses impacted by the new Earned Sick Time Law. However, the Attorney General is issuing a safe harbor to afford some businesses until January 1, 2016 to come into full compliance. If you already provide employees with paid time off, this may be of use to you. If you have specific questions, we recommend [...]
Medicare Premiums to Increase for High Income Beneficiaries
New legislation that was recently passed, known as the "Doc Fix" also has provisions that will change the income tiers for Medicare premiums beginning in 2018 (based on your income from the 2016 tax year). While this is not the focus of the new law (Medicare Access and CHIP Reauthorization Act of 2015) it is one component of it that [...]