Social Capital

Social Capital

May 4, 2021 | Charitable Giving, Taxes

Social Capital is a term that may have different meanings for different people. A common definition is that it is a set of shared values that allows individuals to work together to effectively achieve a common purpose. In the context of financial planning, it has...
Your Income Tax Bill Shouldn’t Come As A Surprise

Your Income Tax Bill Shouldn’t Come As A Surprise

Mar 11, 2019 | Tax return, Taxes

I’m seeing plenty of articles and even hearing casually, at various gatherings, that many folks are being surprised this year by the income taxes they will be owing. I consider this an unnecessary surprise. While its true that a tax law was enacted that affected 2018...
The Recent Tax Law Changes and You

The Recent Tax Law Changes and You

Nov 19, 2018 | Taxes

Throughout my 40 year career in wealth management, it has been totally appropriate to use the phrase “the recent tax law changes” as a way to start a conversation to motive a donor to consider taking action.  I have used this phrase as a way to differentiate an...
Charity and Taxes

Charity and Taxes

Oct 16, 2018 | Taxes

According to the latest report from the Association of Fundraising Professionals, charitable giving has taken a hit in 2018: Among 13,000 organizations analyzed, they’ve found a 2 percent drop in money donated and a 6.6 percent drop in donors over last year. The...
New Tax Act Planning

New Tax Act Planning

Sep 7, 2018 | Taxes

The recent tax law change enacted last year will affect every 2018 taxpayer. Those who contribute to charitable causes may be surprised to learn that they will be among those most affected. This is because many deductions may be limited under the new law....
How a tax return is like an x-ray

How a tax return is like an x-ray

Oct 14, 2016 | Tax return, Taxes

An x-ray is a very helpful diagnostic tool for doctors. A patient may look healthy on the outside, but on the inside, something could be very wrong. An x-ray shows what’s under the surface, and that’s why it’s so valuable. What an x-ray is to a doctor, a tax return is...