What Will Work Look Like in a Post-Consumer Society?

From the beginning of the Industrial Age in the west, Europe and North America built their wealth thanks to a consumer society.  Consumers bought things, driving demand for more goods and providing jobs for more people.  People moved to urban centers where factories, then industrial parks, grew and grew.  The need for managers grew as more employees were hired; managers needed to be better educated than their direct reports, so the demand for college education increased.  The middle class grew.  … [Read more...]

Retreat Yourself

Editor's note: Kate inspired us all to cultivate a long term vision at the July WIC monthly meeting.  In this blog, she offers specific guidance for doing this kind of long-term planning. Long-term planning.  We all know it’s important.  But for most of us, it’s the to-do that always slips to the bottom — or right off — the list! Since there is never enough time, why not pair planning with fun?  Retreat yourself! Time out One of my clients goes on a personal retreat twice a year for … [Read more...]

New Taxes for 2013: Paying for ObamaCare

In 2014, every person will be covered by affordable health care.  This will be provided by employers with more than 50 full-time employees or it will be provided by individuals having insurance on their own.  So how will the U.S. pay for this?  Through taxes…and it starts NOW!  There will be 2 main taxes charged to individuals who earn more than $200,000 per year.  Here is how it will work.    Additional Medicare Tax: In 2013 an additional .9% on person’s income: $250,000 … [Read more...]

Fraud in the Workplace

Not too long ago, I received a call from another tax preparer informing me that an employee was caught stealing.  This employee was writing checks to pay her personal bills and hiding the expenses under a job materials category.  The fraud added up to be thousands of dollars and when I arrived at their office, the police were there gathering the information to press charges.  The owner was devastated! Call me naïve, but my mind just doesn’t work that way.  Fraud…how is it that people think of … [Read more...]

Taking a Distribution from Your Retirement Plan? 
Avoid the Early Withdrawal Penalty…

Many people find that they need to withdraw funds from an existing retirement plan for such things as unforeseen expenses or to buy a home.  Though it’s not recommended that you pull money out of your retirement fund early, the IRS does recognize that there will be circumstances in which taxpayers may need to do so. Distributions from an IRA, 401(k) or other retirement plan generally MUST be included as part of your taxable income.  Additionally, if you are under 59 ½ years old, your … [Read more...]

Follow by Email