by briesterer@thinkvisionary.com | Nov 3, 2022 | Individuals, Newsletter, Tax
Understanding IRAs: Terms to Know IRAs, or Individual Retirement Arrangements, provide tax incentives for people to make investments that can provide financial security for their retirement. To help people better understand this type of retirement savings account,...
by briesterer@thinkvisionary.com | Nov 2, 2022 | Business, Newsletter, Tax
Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting can defer income into 2023 by delaying end-of-year invoices so that...
by briesterer@thinkvisionary.com | Nov 1, 2022 | Individuals, Newsletter, Tax
With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies that could reduce your tax bill for 2022. General Tax Planning Strategies General tax planning strategies for individuals include accelerating or deferring...
by briesterer@thinkvisionary.com | Oct 7, 2022 | Individuals, Newsletter, Tax
For many people buying a home – whether it’s a fixer-upper in an up-and-coming neighborhood or that custom home you’ve always dreamed of – is a milestone event. While there is often a steep learning curve associated with buying and owning a home,...
by briesterer@thinkvisionary.com | Oct 4, 2022 | Business, Newsletter, Tax
Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business’s success. In fact, a healthy cash flow is more important than your business’s ability to deliver its goods and...
by briesterer@thinkvisionary.com | Oct 4, 2022 | Newsletter, Tax
Understanding marginal and effective tax rates are important for tax planning purposes; however, many taxpayers don’t fully understand the differences. Let’s take a closer look: Marginal Tax Rate The United States has a progressive tax system. The more...
