Tax-Saving Qualified Charitable Distributions (QCDs)

Rachel RiveraQualified Charitable Distributions

If you are over 70 ½  years old and looking to make a contribution to your favorite charity, you should consider a Qualified Charitable Distribution (QCD) from your IRA. QCDs are easy to do, and have several benefits: Preparing to make a QCD: Qualified Charities: Conclusion:  If you have money sitting in an IRA and you are thinking about sending … Read More

The fantastic benefits of a Health Savings Account (HSA)

Mark WagnerHSA

A Health Savings Account (HSA) is an excellent way to pay for medical expenses. But you may not know that in addition to great tax benefits, they can also be used in a number of creative ways to achieve a variety of financial goals. 1. It’s YOUR money:  Unlike a Flexible Spending Account, which is a “use it or lose … Read More

Should I have a business credit card?

Mark WagnerCredit Cards

Short answer:  Yes. Long answer:  Yes, for these reasons. It’s easier. If you have a business credit card and – here’s the key – don’t use it for personal expenses, then you know that everything on that credit card statement is a deductible expense.  You don’t have to go back and decide what was business and what was personal.  Do … Read More