McMahan Tax

09/06/2019

A 529 plan is a savings plan that is used to save money for college which offers certain tax and financial aid benefits.

Funds saved in a 529 plan can be used to pay tuition and fees associated with college or graduate school.

09/05/2019

If you are currently saving for retirement in a 401k you've already taken a step in the right direction... but the work isn't over yet. Here are some missteps that could set you back without you even noticing.

Saving for retirement in a 401k is one step on the path to financial freedom. Get the most from your retirement savings by avoiding these mistakes.

09/04/2019

Make the most of your home office: Minimize clutter & keep records.
Clutter is the enemy of productivity - so keep only the essentials. A good rule is to ensure "everything has a home" - Avoid keeping loose papers on your desk (especially receipts for items that are deductible!). Consider a storage solution to keep important paperwork in a safe place to help declutter your space and prepare you for tax-time.

09/03/2019

Saving your money is just the first step towards building true wealth. Here are some places to start if you're looking to do more with your hard-earned money.

It can be difficult to make the leap between saving money and investing. Learn about this important step in the wealth building process.

09/02/2019

The IRS just announced a penalty waiver for 2018, do you qualify?

The Internal Revenue Service (IRS) has announced that it is waiving the estimated tax penalty for those who filed their 2018 federal income tax returns but did not claim the waiver.

08/30/2019

Whether you’ve already decided to sell your business, or just want to keep your cards on the table for the future, having a good idea of what your business is worth is important.

If you are thinking about selling your business it is important to understand which method of valuation will get you the best price.

08/29/2019

Practice makes perfect. It can take years of experience to develop good financial habits - here are some ideas to get you started.

It can take years of experience to develop good financial habits, but the benefits of being responsible with your spending are well worth any effort it takes to develop good practices. When you have your finances under control, you can keep you and your family out of debt, you can maintain a strong....

08/28/2019

Make the most of your home office: Make it User-Friendly
When creating your work space... consider how your day-to-day workflow will look. For example: If you'll be meeting with clients - make sure you have an efficient meeting space. Also consider what technology you'll need to be productive and invest in it - whether it be upgraded internet speeds, a scanner or a high quality we**am.

08/27/2019

All families are different... especially when it comes to budgeting. Here are some tips to help you build a budget that works for you!

With all the demands of running a family, it's hard to find time to make a household budget -- especially if the amount of money left at the end of the month is less than you want. It's important to look household finances squarely in the eye, because that's the only way to control them; otherwise,....

08/26/2019

Would you have guessed many Millionaires clip coupons when they shop? Read about more of their surprising spending habits in this article.

Turns out, millionaires pinch more pennies than you think. We’ve studied 10,000 millionaires and found stats that’ll make you rethink the power of your budget.

08/23/2019

Here are some useful tips and tricks to help you save more money toward your goals and achieve them faster.

It's the little things that add up and surprise you with a low account balance! Keeping these tips in mind can help you save your pennies and grow your savings.