The Balancing Act – Estate Planning for Your Heirs
When we set out to plan our estates, most of us want to leave our children equal inheritances. Easy, right? Just divvy up each of your assets in equal shares! But, is “equal” always “equitable?” In other words, does leaving equal portions of each asset ensure equal post-tax inheritances for your children? In some cases, […]
Bill Walton / The Grateful Dead – Two Passions, One Spirit
Bill Walton, NBA superstar and sportscaster, passed away on May 27, 2024, leaving many who remember his dedication, stellar play, and commitment to teamwork much saddened. First NBA draft pick in 1974 after leading the UCLA Bruins to two NCAA championships, Walton went on to play center, first for the Portland Trail Blazers (1974-1979), where […]
It Takes An Entrepreneur to Know One – But it Took Me a While to Realize . . . I Am One
When I started my accounting career, I had a serious desire to help others. I went to work for one of the Big 4 national accounting firms with offices in New Orleans. I footed general ledgers, prepared tax returns, and performed other seemingly menial tasks for somewhere between 14 and 16 hours a day. I […]
Avoid These 5 Common Mistakes When Planning For Retirement!
We all make mistakes – that’s part of the awful and wonderful journey of being human – and retirement planning is one area where we can stumble. Below are the 5 most common mistakes we see when it comes to retirement planning. Asset Allocation When was the last time you sat down with your virtual […]
IRS Waives Penalties for Some Missed RMDs on Inherited IRAs
We’ve written a good deal about changes to the rules governing required minimum distributions (RMDs) for inherited IRAs consequent to the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), signed into law in December of 2019 and effective January 1, 2020, and the SECURE 2.0 Act, enacted in December of 2022 and effective […]
Business Owners: Often Overlooked Business Tax Deductions
For a downloadable PDF of this whitepaper, click here.
Attention, Real Estate Investors! Do You Know How Cost Segregation Can Help You Save on Your Taxes?
Most real estate investors know that depreciating real estate is a long-term process – for residential real estate, the property depreciates over a period of 27.5 years for residential property. For commercial property, the depreciation period is a whopping 39 years. But there are ways in which a savvy real estate investor can, with sound […]
Jazz Fest 2024 – Showing the Kids How It’s Done!
I missed posting about Jazz Fest 2023 – though I didn’t miss the festival itself, having been there with bells on! But Jazz Fest 2024 was even more special than some have been. Over 500,000 people showed up over the festival’s 8 days – and the organizers had to cap “Stones Thursday” tickets at 40,000 […]
RFG Whitepaper: Often Overlooked Business Tax Deductions!
RFG is pleased to announce our newest whitepaper – Often Overlooked Business Tax Deductions! It can be surprising to find how many business owners aren’t fully utilizing all the tax deductions available to them – are you maximizing your tax savings? Click here to get a free copy! We’re excited to offer this to our […]
Do You Need to Report Your Confidential Business Information to the Federal Government?
This is a complicated issue, and likely to be impacted by judicial proceedings and potentially by further federal governmental action as well. As things stand at present: Under the 2021 Corporate Transparency Act (CTA), many privately-held businesses are required to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN), which is a […]