Essential Questions to Ask Your CPA for Smart Financial Management
Building a solid financial future involves more than managing your investments; it also requires a strong partnership with a certified public accountant (CPA). Your CPA can be a valuable advisor, offering insights and guidance on tax matters essential to your financial well-being. Open communication is key to making the most of this relationship. Whether you’re […]
Navigating Tax Season Scams: How to Protect Yourself from Fraud
Tax season is upon us. While taxpayers consider this a time to take care of business, criminals are on the prowl, looking for ways to score. With millions of dollars circulating and countless transactions occurring, some individuals have developed complex schemes to scam unsuspecting citizens out of their tax refunds — from stealing checks and […]
Smart Tax Planning Strategies for Retirement
This week on Retire With Balance, join host Kristen Oakley and expert Rob Auclair as they tackle the complexities of retirement taxes. They’ll guide you through essential strategies to minimize your tax bill and maximize your savings. Don’t miss these invaluable insights. Topics Discussed: Retirement tax planning strategies Traditional vs. Roth IRAs benefits Understanding and […]
6 Strategies to Reduce Your Taxable Income and Potentially Lower Your Tax Bill
Each year, as tax season approaches, hard-working Americans search for ways to reduce their taxable income and lower their tax bill. Those in higher income brackets often feel particularly hard hit as a big tax bill can seem like a penalty for success. However, by working with us and your tax professional, it’s possible to […]
End-of-Year Tax Planning
October is the perfect time to start thinking about your 2022 tax filing. Greg Porcaro joins Rob to discuss some end-of-year tax planning opportunities to help you reduce your tax burden for this year. Topics Discussed: Increasing your 401(k) contribution for 2022 Ways for small business owners to lower taxes COVID-19 retirement withdrawal repayment Roth […]
Tax Expert Greg Porcaro on the IRS’s ‘Dirty Dozen’
Rob Auclair is joined by tax expert Greg Porcaro to discuss the IRS’s ‘Dirty Dozen,’ guidance the agency publishes annually to help taxpayers steer clear of potentially fraudulent transactions and penalties. Topics Discussed: Common fraudulent issues related to Covid relief and unemployment claims What to do if you’ve been a victim of fraud How the […]
Tax Planning Tips for Retirement Savings
Tax Planning for Retirement Savings You only get one shot at retirement, which is why it is so important to sit down with a financial advisor who knows how to help you best prepare. In this chapter, Rob discusses tax strategies that will save you money and better position you to grow your balanced investment […]
Timely Tax Season Tips
Rob is joined by tax expert Greg Porcaro to discuss tax season tips taxpayers should be aware of. They cover common simple errors that can hold up your taxes as well as more complex tax return issues that can lead to significant delays or costly mistakes. Topics Discussed: Common simple errors that can hold up […]
Early 2022 Rhode Island Real Estate Market
Rob is joined by real estate expert Chad Kritzas to discuss what the real estate market has been doing during the first months of 2022. They also talk about saving taxes when selling an investment property, the pros and cons of renting vs. buying, and predictions of the Spring market. Topics Discussed: January 2022 home […]
Tax Expert, Greg Porcaro, Talks Child Tax Credit & More
As part of the American Rescue Plan of 2021, millions of taxpayers received advance payments of the 2021 Child Tax Credit and stimulus payments. Rob talks with tax expert, Greg Porcaro, about critical information those who were eligible for these payments need to know this tax season, as well as changes to self-employment taxes. Topics […]