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04 Mar
2025 Tax Sunset: What You Need to Know and How to Prepare
2025 Tax Sunset: What You Need to Know and How to Prepare

By Colleen Weber, CFP®, CPA

In 2025, a number of laws introduced in the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire. This “sunset” could lead to significant tax adjustments that may affect both individuals and businesses.

As a CPA and a CFP®, during pivotal moments like the 2025 Tax Sunset, I strive to support both current and prospective clients by providing comprehensive information to support you in making well-informed and up-to-date financial planning choices.

In this post, I explain what to anticipate from the 2025 Tax Sunset, covering the expiring provisions and potential implications.  

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13 Nov
How a Backdoor Roth IRA Can Help You Grow Tax-Free Wealth
How a Backdoor Roth IRA Can Help You Grow Tax-Free Wealth

By Colleen Weber, CFP®, CPA

Many people believe taxes are a thing of the past once you hit retirement, but that couldn’t be further from the truth for most of us.

In fact, high-income earners often don’t qualify for the tax benefits that accompany common retirement strategies, like investing in a Roth IRA. 

Fortunately, there are a couple of ways to take advantage of Roth IRAs. This particular tactic provides an avenue for long-term savings and investment. 

Let’s explore this option further.

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13 Feb
2023-2_Don’t Pay More in Taxes Than You Should- These Are the Most Overlooked Tax Deductions
Don’t Pay More in Taxes Than You Should: These Are the Most Overlooked Tax Deductions

By Colleen Weber, CFP®, CPA

Tax season is here, and many are already feeling the stress that comes from sifting through the complexity of the tax code. However, with the right knowledge and resources, you can get the support you need to take advantage of available deductions and keep more of your hard-earned money. Read on for 6 of the most commonly overlooked deductions that can help you save on your tax return and put more in your pocket.

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18 Oct
2022-10_4 Ways to Reduce Capital Gains Tax
How to Reduce Capital Gains Tax

By Colleen Weber, CFP®, CPA

Capital gains can be an ugly phrase to most investors. But those gains are a positive for you; it means that an investment or asset you held and sold did well and earned you a profit. And as with any profit, the IRS will come calling. Today let’s discuss four strategies to help you minimize your capital gains taxes.

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12 Jan
Don’t Leave the IRS a Tip: The Importance of Tax Planning and Reviewing Your Return

By Colleen Weber, CFP®, CPA

I’ll let you in on a secret: one of the best ways to retain more of your wealth is to reduce the burden of taxation. And this isn’t something to deal with once a year when tax day comes; ongoing tax planning can help you strategically reduce your tax bill so the IRS doesn’t get more of your money than they should. 

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10 Feb
Could A Retirement Tax Advisor Help You Unlock The Retirement Of Your Dreams?

By Colleen Weber, CFP®, CPA

Retirement will be the best time of your life! You’re ready to leave the 9-5 world behind and kick back and enjoy time with family and friends. You’ve worked hard for your money and have built substantial retirement assets. Do you know how taxes will affect your nest egg? Taxes in retirement isn’t something that everyone thinks about, but they should, especially if they have multiple tax-deferred plans. You need a tax strategist by your side helping you make choices that might affect the rest of your retirement. 

Read More “Could A Retirement Tax Advisor Help You Unlock The Retirement Of Your Dreams?”
10 Dec
Year-End Tax Strategies

By Colleen Weber, CFP®, CPA

The holidays are fast approaching and the new year is following closely behind. And while most of us want to put 2020 behind us, before you mentally move into 2021, be sure to pay some attention to your taxes. Even though taxes are not at all festive, proactively planning can save you money, and that’s cause for celebration! Here are some year-end tax strategies that you may benefit from.

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05 Feb
How To Prepare For Tax Season

By Colleen Weber, CFP®, CPA

Tax season often brings up plenty of anxiety. It’s not that Americans are against paying taxes, (1) it’s because the whole process is complicated. With over 900 IRS forms available (2) and constant policy changes being implemented, such as the Tax Cuts & Jobs Act and the new SECURE Act, it’s no wonder that 50% of people would rather be called for jury duty than file their taxes. (3)

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29 Apr
The Long Reach of the IRS

The Long Reach of the IRS

You probably don’t spend a lot of time feeling sorry for a U.S. citizen named Meghan Markle, who is about to tie the proverbial knot with Prince Harry of England. But an article in the Wall Street Journal notes that Ms. Markle, and other American citizens who marry foreigners, face a lifetime of harassment by America’s Internal Revenue Service. Read More “The Long Reach of the IRS”