Today, I want to explore a topic close to many of our hearts: making a positive impact through philanthropy and impact investing. As women, we have a unique opportunity to use our resources strategically, not just to grow our wealth but to make meaningful change in the world.
Starting your own business is a thrilling adventure, full of promise and potential. But with the excitement comes the responsibility of managing your finances wisely. Proper expense tracking is key not only to staying organized but also to maximizing your tax deductions.
Picture this: You’ve launched your dream venture—a boutique bakery, a consulting firm, or an eco-friendly product line. The adrenaline rush is real! Starting a new business is exhilarating, but it also comes with financial challenges. As a business owner, you’re juggling multiple roles, from CEO to sales to accountant. Fear not! In this blog post, we’ll explore essential financial hacks to help you navigate the entrepreneurial journey.
We’re diving headfirst into the deep end of college financing. It’s like a rollercoaster ride where the only safety harness is your bank account. But fear not, future empty nesters! I’m here to guide you through the abyss of tuition bills and scholarship applications.
This one is for my high-net worth girlies. Hopefully by now most of us have filed our taxes…or at least an extension to file. I’ve already heard from a handful of friends and clients the annual horror story of having to pay some unexpected taxes. Always a fun surprise! For 2023, it is probably too late to optimize your tax strategy, but now may be the perfect time to start planning for 2024. You know, while the pain of a large tax bill is still fresh! Let’s dive into some key tax optimization strategies to help future you.
Before the Tax Cuts and Jobs Act of 2017 (TCJA), we used to be able to deduct all kinds of things and you really had to work and track expenses to optimize your tax savings. The Act simplified the tax code by getting rid of a lot of the eligible deductions and by making standard deductions so high, that most people won’t need to itemize. While the standard deduction provides a straightforward option, exploring itemized deductions can unearth additional savings for those willing to put in a bit of extra effort.
Estate planning is the proactive process of arranging your financial affairs to ensure your assets are distributed according to your wishes. It's not just for the wealthy; everyone can benefit from a well-thought-out estate plan. It allows us to protect our loved ones, provide for future generations, and maintain control over our assets, especially in times of transition.
This year, I want to talk about tax planning. Tax laws change all the time and tax planning can be a crucial aspect of optimizing your financial strategy. As tax laws evolve and personal situations change, staying ahead of the game can lead to significant savings. In this post, we'll explore tax planning tips to help you navigate the year ahead with confidence.
In Charles Dickens's timeless classic, "A Christmas Carol," Ebenezer Scrooge transforms from a miserly old man to a generous and empathetic soul. Along the way, he encounters the Ghosts of Christmas Past, Present, and Yet to Come, who reveal important lessons about life and, surprisingly, financial planning. Join us on a journey through Scrooge's experiences to learn valuable financial lessons regarding the past, present, and future.
Did you know that the way you grew up impacted your relationship with money? Everyone has subconscious beliefs regarding it and most of them stem from childhood. Personal experiences and family values also impact our understanding of money, often in ways we don’t even realize. Whether you’re a financial aficionado or barely aware of what you have in your checking account, understanding your money script can be a game-changer.
