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DeFreitas & Minsky Accounting Blog

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3 Reasons Individuals Hire Tax Preparation Services

Posted by Lego 100 Random Minifigure Figure From City Police Fire Town Space Train bundle 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 LEGO Super Heroes 76045 Kryptonite Interception - Brand New, 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 LEGO Minecraft The Nether 21106 New .

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Topics: LEGO 75932 Jurassic World Park Velociraptor Chase Dinosaur Toy, Tax Planning

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Posted by LEGO Princess Ariel and The Magical Spell Construction Set Toy Kids 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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Topics: Lego Marvel Super Heroes Hulk Lab Smash Lego 76018 BNIB

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How to Protect your Nest Egg with the 4 Percent Rule

Posted by LEGO Star Wars Imperial AT-ST (7127) 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, LEGO Super Heroes - Spider-Man Web Warriors Ultimate Bridge Battle - 76057 BNIB

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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Topics: LEGO DUPLO Planes 10509 Dusty and Chug, investment

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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 Lego Harry Potter Hogwarts Express (75955)......NEW 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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Find answers to any accounting questions you have.

These questions are usually from our clients.  If you would like to send us a question, please email us at info@dmaccountingfirm.com or ask on one of our social accounts.

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