H. Edward Gallatin CPA

05/13/2026

Health Savings Accounts are a great way to pay less for your medical related expenses. But only if you plan AND take advantage of the rules. Here's what you need to know.

Inside the tax code is a way to pay your out-of-pocket medical, dental, vision and other expenses with pre-tax money. Here's how.

05/13/2026

Happy Wednesday! Enjoy the Joke of the Week!

05/12/2026

Ready to schedule that appointment? It is as easy as clicking the link below, choosing your day and time!

Welcome to my scheduling page. Please follow the instructions to add an event to my calendar.

05/12/2026

Looking for a way to tackle insomnia? Read your homeowner’s insurance policy. Kidding aside, it’s worth the effort. As many families have learned the hard way, failing to evaluate policy details can lead to unanticipated expenses when disaster strikes.

Looking for a way to tackle insomnia? Read your homeowner's insurance policy. Kidding aside, it's worth the effort. As many families have learned the hard way, failing to evaluate policy details can lead to unanticipated expenses when disaster strikes.

05/11/2026

You have eight years to begin taking your Social Security retirement benefits. Is a delay the right move? Here are some suggestions.

From age 62 to 70, you can start taking your Social Security retirement benefit. Is a delay in your start date a good idea? Here are things to consider.

05/11/2026

In the fast-paced world of business, especially for small to medium-sized enterprises, the role of a Chief Financial Officer (CFO) is crucial. However, not all businesses can afford or need a full-time Chief Financial Officer. Enter the part-time CFO, a versatile financial expert who offers a comprehensive suite of services tailored to the specific needs of the company.

A part-time CFO brings a wealth of experience and strategic insight to the table, ensuring the company’s financial health and supporting its growth ambitions. Interested? Give me a call! (812) 233-3989

In the fast-paced world of business, especially for small to medium-sized enterprises, the role of a Chief Financial Officer (CFO) is crucial. However, not all businesses can afford or need a full-time Chief Financial Officer. Enter the part-time CFO.

05/08/2026

You can legally lower your taxes by shifting a certain amount of unearned income to your children. Here are some ideas to implement this strategy.

The progressive nature of income tax rates offers taxpayers the incentive to transfer assets to lower earning taxpayers. Why not your children? Here are some tips.

05/07/2026

Question: I pay someone to care for my child while I work? Can I deduct this expense?

Answer: No, but you may be able to claim a tax credit, which is more valuable than a tax deduction because it reduces your tax liability dollar for dollar.

You may be able to claim a tax credit to pay someone to care for a child while you work.

05/07/2026

What are payroll taxes? Payroll taxes are considered to be a trust fund tax. As a result, payroll tax problems are among the leading causes that can aggravate the IRS and prompt an investigation into your business. If you have payroll tax problems and feel as though the IRS may be after your business or company, contact me immediately. There may be consequences if you do not act quickly.

If you have payroll tax problems and feel as though the IRS may be after your business or company, contact me immediately. There may be consequences if you do not act quickly.

05/06/2026

Too often consumers are taken advantage of by aggressive debt collection practices. Even worse, the harassment is fake. But everyone has rights, and you should know yours BEFORE receiving a call.

When you receive a threat to collect a debt, what can you do? The first place to start is to know your rights. Here are the basics.