by Karla Dennis | Sep 15, 2015 | Blog
Strategic tax planning is really a proprietary process that I created. It’s a 4-pronged process where I actually go through and I look at the clients’ overall financial situation and I review their past taxes. any times there’s mistakes on their past tax returns; things that could have been done correctly that could have been done differently to save them money. I want to get to know the client, I want to get to know their past tax situation, I want to forecast where they’re going to be. If they don’t do anything, what is their tax liability going to be today? Strategic tax planning allows us discover the best road map for you and your situation. Then, and only then, when I have that benchmark, can I bring the client solutions. These are going to be solutions that are educational-based and that they can understand and implement, because they really have a foundational understanding of how to reduce their taxes. I guide them throughout the process with strategic tax planning, and they begin to see for themselves areas of opportunity to execute on. read...
by Karla Dennis | Sep 12, 2015 | Blog
While many people are underinsured, some of us are carrying more insurance than we need. We may have too much or the wrong kind. here are times when dropping your insurance coverage makes sense. Making unnecessary premium payments is wasteful. Always seek to make the best use of your financial resources. Consider these circumstances: 1. Term life insurance. This type of policy was only intended to cover you for a specified period. It might be until your youngest graduates from college or until your house is paid off. * If your situation has changed and you no longer need the policy, letting go of it might be a smart move. Apply the monthly premium to something else. read...
by Karla Dennis | Sep 7, 2015 | Blog
“If you think education is expensive, try ignorance.” – Derek Bok Let me talk about one of the biggest mistakes that I’ve seen that can cost you thousands; if not tens or hundreds of thousands- even millions of dollars. hen people completely misunderstand the correlation between tax preparation; in relation to tax law and an Internal Revenue Service tax audit on your tax returns; you have squarely placed yourself in danger of that one audit that can take down everything you’ve worked hard for. This is something that I continue to talk about and harp on, but it’s so key; is understanding the level of competency of the person preparing your tax return. Having this awareness will fundamentally mitigate against the risk of tax trouble and a tax audit down the road. read...
by Karla Dennis | Sep 6, 2015 | Blog
Have you been thinking about investing your money in green energies but are not sure where to start? Adding some green Exchange Traded Funds, or ETFs, to your portfolio could be the ideal strategy for you if you would like to invest more responsibly while gaining exposure to a strong sector. here are several good reasons for investing in clean energies: 1. Unlimited supply. Renewable sources of energy do not rely on a limited supply like other types of energy. Investing in oil, natural gas, or coal can be profitable for now, but green energies will still be around when natural resources are depleted. 2. Cost. The cost of producing green energies is predictable. As the technology becomes more efficient, the cost is even likely to go down. Cost fluctuations are also less likely than in other forms of energy that greatly depend on the availability of a limited resource. read...
by Karla Dennis | Sep 3, 2015 | Blog
Are you determined to start investing this year? Making a fortune in the stock market is a long and slow process that requires discipline and endurance. You can’t expect to have good results if you’re making common mistakes. There are plenty of sources telling you what to do. Be sure to consider what not to do,...
