John P. Schmidt CPA, PSC

05/01/2022

How Quarterly Taxes Work

Understanding how quarterly taxes work can help your business reduce liability and save money. Find out more!

04/01/2022

Not sure what personal property tax is? This article explains the basics of personal property tax, and how it works.

Personal property taxes are taxes imposed on movable property such as vehicles, equipment, or machinery. Whether or not you have to pay it depends on where you live.

03/01/2022

How Compound Interest Can Put Your Money to Work

No matter how small your investment, compound interest can help you reach your financial goals.

31/12/2021

Five Facts about student loan you might not have known!

Is a college education worth going into debt? Many students are re-thinking the idea and trying to figure out a better way.

30/12/2021

Are you planning to buy a new car? Add an electric or hybrid vehicle to your options. Some states in the United States offer an incentive in a form of a tax rebate.

Several states and local utilities offer electric vehicle and solar incentives for customers, often taking the form of a rebate. Rebates can be claimed at or after purchase, while tax credits are claimed when filing income taxes. Find state and local-specific incentives available in your area.

29/12/2021

Charitable giving can help people in more ways than one, especially with your estate, tax, and financial plan. Find out what charitable giving plan works for you

Are there charitable causes you feel strongly about that you want to support? Do you want to integrate philanthropy into your family life? Do you wonder which method of charitable giving is right for you?

28/12/2021

More than one filing status may apply to your situation. If you’ve recently been married, choose the status that allows you to pay the least amount of tax. Get help from at:

Determine your filing status: Single, Head of Household, Married Filing Jointly, Married Filing Separately or Qualifying Widow(er) with Dependent Child.

27/12/2021

If you’ve recently earned dividends you may need to pay taxes. Learn more about it here:

Dividends are a great way to earn extra income, but you will pay taxes on them. We break down the applicable tax rates on your dividends for 2020 & 2021.

24/12/2021

Top 10 Easy Ways To Save Money Today

It's the little things that add up to big savings. Check in and evaluate where your hard earned dollar is going and see if you can save big!

23/12/2021

Investing for college is filled with uncertainty, but with these tips many risks can be mitigated.

Diversification is about more than just asset class, it’s also about asset location. Asset location diversification reduces legislative risk and tax risk.

22/12/2021

Year-end celebration? A temporary exception allows businesses a 100% tax deduction for food or beverages from restaurants. Check the guidance for more information: http://go.usa.gov/xHgy8

21/12/2021

reminds you of a provision that allows for up to $600 in deductions for donations to qualifying organizations. See https://go.usa.gov/xMKNE