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DeFreitas & Minsky Accounting Blog

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3 Reasons Individuals Hire Tax Preparation Services

Posted by William Britains Redcoats British Drummer 15th Regiment of Foot 1754-1763 47012 on Feb 6, 2019 10:00:00 AM

Tax season’s start is a smart time to consider how you will prepare your taxes. Although DIY income tax filing is an option, there are many reasons why hiring individual tax preparation services is in your best interest.

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Topics: Tax Planning, Tax Returns

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Posted by thallissey on Jan 10, 2019 10:00:00 AM

Investing is not for the faint of heart. To be successful, individual investors must develop a strategy that can be followed over a long period of time. If you are new to the game, these simple rules can help you build a profitable portfolio.

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Posted by thallissey on Dec 19, 2018 10:00:00 AM

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If one of your New Year’s resolutions is William Britain 23063 WW1 'British Lancer Feeding Horse' Boxed, you will benefit from developing a solid personal investment strategy first. From 401(k)s to high-interest savings accounts, there are many viable options to consider in individual financial planning. Before you start setting new goals, learn about how to improve your financial health in 2019.

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New Tax Law could have Impact on Charity Fundraising

Posted by thallissey on Dec 5, 2018 10:00:00 AM

The Tax Cuts and Jobs Act may inadvertently prove to be unkind to charitable organizations. Since the new tax law eliminates some tax incentives associated to giving, it could potentially reduce total American charity fundraising by Vintage Lead Garden or Farm JOHN HILL & CO - MAN with WHEELBARROW - 1920s - 50s.

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Topics: BRITAINS 8844 25TH CAVALRY FRONTIER FORCE, MIB , Tax Planning

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Posted by BRITAINS 8705 HOME FARM FARMYARD SET MINT BOXED 1994 on Nov 21, 2018 10:00:00 AM

It’s something that is part of our daily lives. It determines how some of your investments grow, and how much money you may owe a lender. But, do you actually know what is compound interest? It is an important part of financial literacy, which is surprisingly simple to learn.

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How to Protect your Nest Egg with the 4 Percent Rule

Posted by WILLIAM BRITAIN LEAD BRITISH SOLDIERS SET FOUR MOUNTED LIFE GUARDS VINTAGE on Nov 7, 2018 10:00:00 AM

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You’ve done the right thing and developed a nest egg. But, do you know what to do with it now that you have retired? Unfortunately, many retirees make the mistake of being too frugal, because they do not know about recommended personal financial planning guidelines. If you have stopped working recently, learn how to strike the right balance in spending your savings.

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Topics: Financial Planning, BRITAINS UNITED STATES ARMY BAND OF WASHINGTON D.C. LIMITED EDITION - REF. 5391

The Tax Cuts and Jobs Act Streamlines Income Tax Preparation

Posted by thallissey on Oct 17, 2018 10:00:00 AM

The recent tax code changes will go into full effect this coming tax season. While there is likely to be some confusion, income tax preparation may actually be easier for millions of individuals. The IRS estimates that the average time to complete an individual tax return will decrease by four to seven percent this year.

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Topics: Tax Deductions, Tax Returns, IRS

5 Financial Benefits of Owning a Residential Rental Property

Posted by thallissey on Oct 3, 2018 10:00:00 AM

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If you are looking to invest, there are many ways to make money. One commonly overlooked method is owning a residential rental property. It is quickly becoming a more popular investment option, because it generates income, appreciates in value and provides many tax benefits.

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Posted by thallissey on Sep 26, 2018 10:00:00 AM

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Generally Accepted Accounting Principles (GAAP) are a collection of commonly-followed accounting standards that are typically used in the preparation of financial statements. GAAP improves consistency and transparency through the definition of principles and some industry-specific rules.

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5 Millennial Investing Tips every Young Person Should Know

Posted by KING AND COUNTRY WSS75 GERMAN COMMANDERS CONFERENCE METAL TOY SOLDIER FIGURE SET on Sep 12, 2018 10:00:00 AM

The earlier you can start investing, the better off you will be financially in retirement. Whether you recently graduated college or you just bought your first house, you can benefit from these basic millennial investing tips to help you grow wealth over time.

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