Self-Employment and Taxes

Are you Self-Employed? Business profits are taxed to self-employed individuals at federal rates that can be as high as high as 39.6%. Self-employment taxes in 2015 will amount to 15.3% of the first $118,500 of earnings plus 2.9% of any earnings over that amount. The Medicare surtax of 0.9% is then tacked onto earnings in over $200,000 ($250,000 if […]

FAFSA: What You Need to Know

FAFSA Don’t miss this important information on the Free Application for Federal Student Aid February 15th is the deadline to apply for FAFSA. It is NOT a one-time application. You must complete it every year the student is in school and seeking assistance. What is FAFSA? To apply for federal student aid, such as federal grants, […]

Year-End Checklist

  Download The Checklist Use this quick reference guide for essential year-end planning. Call or email with any questions. You should check with your CPA and attorney as well if you have questions. General Back up your important documents to the cloud. (Copies of licenses, birth certificates, passports, etc.) Change your passwords. Clean up your […]

Losing a Grandparent

One of the main reasons I started in this field was my grandfather. He was always such an authoritative figure – in a positive, wonderful way. He knew everything. Everything: from engineering, stamps, coins, cars, grilling, dark room photography to family and making us grandkids feel like we were the most special people in the […]

Professional Attire Drive

Stop by and donate your lightly used professional clothing and accessories to help men and women in the Memphis area enter the workforce with confidence. The mission of Dress for Success is to promote the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help […]

Paying for College

The costs of college education has soared, with tuition and fees up 1,225% since 1978, compared with a 279% in the Consumer Price Index. –Investment News That’s a staggering number! More than ever parents and children are forced to really dig into savings, retirement accounts, and take out huge student loans. By working with an […]

Stop Trying to Get Ahead

An advisor to financial professionals, Mitch Anthony, recently wrote about “getting ahead.” People are always saying they just “can’t get ahead” when talking about their financial situation. He asked, “Get ahead of what?” What a question! I completely agree with his thought in that we should all look to having a “clear head” rather than […]

Loving Local

  I haven’t written a lot in the past couple of weeks.  I have been working on Project Green Fork’s Loving Local fundraiser.  I have served on PGF’s Board for two years and truly feel this organization is vital to Memphis. PGF works with restaurants to become energy efficient and to create a recycling and […]

FSA or HSA

    Have questions about the differences between HSAs and FSAs? Check out this quick comparison guide.  

Planning for your Digital Assets

When doing comprehensive financial planning, I review each client’s Will, Power of Attorney for Finance or Healthcare, the Living Will, Trust, etc.  Some of the things I look for are who the beneficiaries are, when the last time the documents were updated, and what the intentions are for assets to be passed along. I discuss […]