Crossroads Planning

Tax Planning 101: Why It Matters and What You Need to Know

There’s no need to be afraid of April 15th if you plan your taxes correctly throughout the year. You can reduce the chances of unpleasant surprises by monitoring your pay and deductions on a regular basis, and taking advantage of tax-saving opportunities. But if you’re like most people, you don’t think about your taxes until […]

6 Tax Saving Strategies You Should Consider Before December 31st

With the holidays upon us, you may be thinking tax season is months away and there is plenty of time to prepare. In reality, tax season is right around the corner and now is a great time to ensure that you’ve taken advantage of all of the tax-saving strategies available to you. Although you may […]

4 Financial Skills You Need to Master in Your 30s

Becoming good with money is more than just making a lot of it. While that certainly helps, knowing how to handle your money wisely makes all the difference between having enough to retire comfortably and relying on the government for financial support in your golden years.  Even if you’re not interested in becoming rich, mastering […]

Financial Resiliency: Is Your Financial Plan Tough Enough?

We all know that life doesn’t always go as planned and sometimes we are faced with tough economic times. With many Americans still reeling from the financial ramifications of the Covid-19 pandemic, it is more important than ever to think about how you will handle financial adversity. Unfortunately, for many, the pandemic wasn’t the sole […]

How the $10,200 unemployment tax break works

The American Rescue Plan has given unemployed Americans an opportunity to save some serious money on their taxes.  In early March, President Biden signed a $1.9 trillion Covid relief bill that waives federal tax on up to $10,200 of unemployment benefits an individual received in 2020. This benefit applies to this tax-filing season which was […]

The New PPP Loan Bill and What It Means for Your Business

The latest COVID-19 relief package includes well over 5,000 pages of legalese and specific guidelines for how funds are to be used. In short, it’s a complicated document that provides billions of dollars in funding to a variety of programs and initiatives, including direct payments to qualifying Americans and a new round of PPP loans.  […]