Tax Fraud Alert: Recently reports have begun to trickle in about taxpayers receiving IRS Letter 5071C. Letter 5071C is a standard letter issued by the IRS when it needs taxpayers to confirm personal information. If you receive Letter 5071C, there will be contact information for the agency’s new Identity Verification… Continue Reading..
If old adages are meant to offer guidance about the world, none ring truer than “Hindsight is 20/20.” Unfortunately, unless we have a time machine, we are caught in a Catch-22 when we try to apply it. So why not listen to other people’s hindsight instead? That was my motivation… Continue Reading..
My mother was extremely organized. Naturally, I was a rebellious kid who embraced disorganization...and I became an adult who married disorganization, figuratively and literally. Together, my was-band (He WAS my husBAND) and I each managed our own businesses quite well down in the valleys of mountains of unopened mail. When… Continue Reading..
Soon you will have the information you need to file your taxes, it’s time to be proactive and get things done! Showing up at your accountant’s office on April 14th with a shoebox full of receipts is not going to do you any favors - in fact, it could cost you… Continue Reading..
People use their business experience to inform their decisions in all areas of their lives, but none more so than running a household. And like any good business with a good bookkeeper, families benefit enormously from using accounting software, which makes it easy to: Track your expenses in greater detail… Continue Reading..
It’s not easy to trust your business to other people, especially when you are just starting out. As your business grows, however, delegating tasks to others becomes a necessity. That’s why networking is so important in establishing and nurturing a healthy business - and more and more women are proving… Continue Reading..
Many people make charitable contributions at the end of the year for tax purposes, and many simply want to do good. Which of these people are you encouraging your children to become? The incentive-based, quid pro quo motivations for charity are ideally suited for younger children. When all they can… Continue Reading..
Protecting seniors against Elder Abuse is one of my most important duties as a Financial Concierge. Just this week I got to the bottom of another story of financial abuse, performed in a very subtle manner. However, there were warning signs all along the way, so I thought I would… Continue Reading..
End of year preparations are in full swing at Judith Heft & Associates, and today I’d like to share some of the best practices we have developed over the past 18 years. We start with three folders for each client: Anything that’s going to be on a client’s income tax… Continue Reading..
While you may not feel the need to tip everyone wearing a reindeer hat and gesturing towards a tip jar with a cute saying on it, remembering the people who work in your home during the holidays is the right thing to do. Whether someone is helping you with your… Continue Reading..