We are rounding the corner to the end of a year, a very challenging time, to say the least. We all have our own specific reasons why we want to close the books on 2020, as soon as possible. But, literally, you don’t want to close your books before you take some necessary steps for year-end prep.
…Especially When Giving Back Can Lessen Stress and Your Tax Bill!
I recently read an article on how to deal with anxiety due to all the changes that have occurred in 2020 due to the COVID-19 threat. One of the suggestions was to give to your favorite charity/charities.
Medical bills scare us all. Today, consumers are responsible for much more out of pocket costs at all levels including premium and expenses. Medical debt can actually appear on your credit history as shortly as 180 days. To avoid this, address the bills as soon as they arrive. Taking immediate action of some kind is valuable and can allow a payment plan to begin, an extension or request for financial assistance. Here are some additional options to check into when medical bills arise.
None of us ever think we will EVER get ‘that old’ but it’s finally happening…. You are turning 65 this year. It seems all the insurance companies that have Medicare related products know because the mailbox is constantly full of advertisements. Where to begin?
Due to the coronavirus pandemic, many employer practices have changed, which might warrant employee handbook, policy or plan document updates. Below are some updates we want to share with you that should be considered both for the short and long-term. Read More
2020 has been a year of turbulence and has created chaos for many Americans including governmental issued shutdowns, quarantines, social distancing and potentially filing for unemployment. Both the United States and the State of Iowa set records for unemployment claims during the 2020 COVID-19 pandemic. Unemployment claims are down from the initial surge, but remain high compared to traditional levels as Congress continues to try to find ways to help distressed individuals and businesses. This blog is aiming to provide some clarity on the taxation of those unemployment benefits to prevent already distressed individuals from receiving additional bad news next tax season.
What a year it has been. I no longer believe that “2020” is perfect vision, because I don’t think any of us saw this year coming…no matter how good your vision is! It’s definitely been a year packed full of challenges, frustration and uncertainty – on so many levels. 2020 has brought with it an element of change for all of us. It has forced us to modify the way we work, the way we learn, and the way we play.
No in-person networking events? Client’s office not open to sales people? Don’t give up keeping in touch with your clients and potential customers. Make the most of the 4th quarter of 2020 by getting in front of them – maybe not you, but your logo gifts and promotions will do the job!
I call ‘this’, the Covid Effect, CE for short. Anything that goes wrong, I blame on the CE. Whether it was losing power for days or out of nowhere, your tire goes flat, or your dog gets sick it is all due to CE. Think about all the areas of your life this has touched.
COVID 19 has brought tragedy to many families and businesses and impacted personal finances. It has also rendered many an estate plan inaccurate and unrepresentative of current circumstances. If you, your family or your beneficiaries have been affected by the virus, you may need to review and make changes to your plan. Consider the following questions in your review.