Blog Archives - Page 8 of 18 - Atlanta Financial Associates, LLC

How to Maximize the Deductibility of Charitable Contributions

November 20, 2019

The tax law changes in 2018 dramatically reduced the deductibility of many expenses and increased the standard deduction dramatically. However, these same tax reforms cleared the way for individuals and families to continue to support the causes they believe in while still potentially minimizing their taxes. However, this new approach requires planning ahead and an understanding of how “bunching” deductions work.

Six Tax Strategies to Consider Before the End of the Year

November 19, 2019

The tax law changes that went into effect in 2018, changed many things but tax planning moves are still available that can be implemented before the end of the year that can reduce your taxes in 2019. Whether you are self-employed or a W-2 employee, there are strategies available now that can reduce your tax bill if you act before the end of the year.

My Ex and I Can’t Agree on Splitting College Costs: 5 Smart Ideas for Coming to An Agreement

November 5, 2019

If you have kids and are headed for divorce, one of the most difficult negotiations maybe agreeing on how your children’s college tuition will be handled. We have seen this issue come up over and over again in divorces, and it is best to get as much clarity during the negotiation process as possible.

Asking the Right Questions

October 29, 2019

People say the only bad questions are the ones you don’t ask. That can be true, and asking bad questions likely won’t hurt you, but it is more important to ask the “Right” questions. In the last year, I met with a potential client who asked me a question I want to share with you. After some “get to know you chat” he asked me, “So, how are your results?” to which I responded, “Very high.” I could see the confusion on his face, so I just waited. As I will explain later, this had nothing to do with guaranteeing results.

How Tax Law Changes Impact Divorce Outcomes

October 22, 2019

Breaking up is hard to do. Divorce? Even harder. But the Tax Cuts and Jobs Act of 2017 (TCJA) introduced some changes to the tax code that may make things more challenging than ever.

5 Critical Tax Planning Strategies for Physicians

October 8, 2019

Whether you are a physician who is still in residency or have enjoyed a mature career and are nearing retirement, strategic tax planning is critical at any stage of a high-income earner’s journey. Smart planning throughout your career not only helps to alleviate tax burdens on a year to year basis, but works to maximize your income in retirement, as well.

Unfortunately, even though the average physician spends roughly a decade in graduate school and training, there is little to no education provided on personal finance or tax planning. With this in mind, we’ve compiled a list of the top 5 tax planning strategies that can specifically benefit hard-working physicians looking to reduce their taxable income and improve their lifetime income stream.

Category: Blog