April 2019 | Decker, Farrell & McCoy, LLP

3 Tax Woes and How to Survive Them

The tax deadline is roughly two weeks away. But if you’re going to be late in filing, can’t pay all of what you owe or have the fear that you might be audited, don’t panic. We’ve got you covered with some smart ways to handle these three, potentially scary scenarios.Late FilingOf course, if you owe, make every effort to file as soon as possible to avoid penalties and interest. But the good news is, if you’re owed a refund, there’s no penalty for filing late. More good news: For those [...]

Service2Client2019-04-01T12:00:07-08:00April 1st, 2019|

How 3D Printing Can Enhance Your Business

There will likely always be a need for a traditional paper printer, but there’s also a growing case that 3D printers may one day become commonplace in the average small business office. Consider the way that desktop publishing became mainstreamed, allowing small business owners to create their own marketing materials. New 3D printers offer a similar advantage by producing physical objects customized with your message.3D printing places complex manufacturing techniques and machinery right at your desktop. As the technology grows less sophisticated and less expensive, we will see more small [...]

Service2Client2019-04-01T12:00:06-08:00April 1st, 2019|

Trump Tax Law Makes Now the Perfect Time for the Roth Conversion Retirement Trick

Converting a traditional IRA to a Roth IRA takes some fortitude and faith in the future numbers because this change can accelerate your tax bill. The current market and tax rate cuts from President Trump’s plan, however, are creating an environment ripe for conversions and making the move much more palatable. Together, these two factors are essentially creating new groups of taxpayers for whom a conversion makes good sense.IRA Basics RevisitedContributing to a traditional IRA gets you a tax deduction now, at the time of your contribution and allows your [...]

Service2Client2019-04-01T12:00:05-08:00April 1st, 2019|

What is the Forecast for Job Creation in 2019?

According to a March 12, 2019 publication of the Bureau of Labor Statistics' TED: The Economics Daily, the February employment report did not report show a lot of jobs for the U.S. economy. Based on the report and averaging all sectors, only 20,000 jobs were gained during February 2019.Looking deeper at the individual sectors, the picture is more varied. "Professional and business services gained " 42,000 jobs during February. Similarly, "wholesale trade employment" maintained it's positive gains of 11,000 jobs during the same time-frame. However, the construction industry saw a [...]

Service2Client2019-04-01T12:00:04-08:00April 1st, 2019|

Elderly Caregiver Facts and Figures

These days, people who live to age 65 can expect to live at least another 20 years. That means many are likely to require some form of assisted caregiving. According to aging experts, the following guidelines describe characteristics of those most likely to need long-term care:Age - Risk increases as people get olderGender - Women are at higher risk because they tend to live longer than menMarital status - Single people are less likely to have family resources and will therefore need to pay for caregiversLifestyle - People who do [...]

Service2Client2019-04-01T12:00:02-08:00April 1st, 2019|

Blocking Emergency Funds, Protecting Land, Withdrawing Troops, Spying on Russia

Relating to a national emergency declared by the President on Feb. 15 (H.J.Res. 46) – This resolution was an effort to block the national emergency declared by President Trump for the purpose of using funds previously allocated for other initiatives to build a border wall along the southern border shared with Mexico. The resolution, which was introduced on Feb. 22 by Rep. Joaquin Castro (D-TX), represents the first ever Congressional challenge to the 1976 National Emergencies Act. The initiative passed in both the House and the Senate but was then [...]

Service2Client2019-04-01T12:00:01-08:00April 1st, 2019|