What Is a Financial Concierge? By Judy Heft

What Is a Financial Concierge?

Being a bookkeeper is easy: add this, subtract that, and divide by twelve for the monthly number. It’s like working the front desk at a hotel. But what if you arrive at the hotel with bags under your eyes and a pounding headache (like the total hot mess that you… Continue Reading..
It Never Ends: Three More Tax Scams To Avoid By Judy Heft

It Never Ends: Three More Tax Scams To Avoid

I try to be as comprehensive as possible with my posts, but the fact of the matter is that I often find out more on a topic after I’ve written about it. Tax fraud, in particular, is a vast and sprawling criminal industry in which innovators are constantly perfecting their… Continue Reading..
Tax Time Checklist by Judith Heft

Tax Time Checklist

New Tax Alert: In an effort to combat the growing problem of tax fraud, the IRS has updated its rules for payroll tax filing. Instead of February 28,  W2s and 1099s needed to be filed by January 31, 2017. If you have not already done so, drop everything and see… Continue Reading..

Liberate Yourself From Receipts!

The size and scope of receipts has gotten ridiculous. Whether you’re buying bottled water at CVS or lunch at Boston Market, you’re likely to get a receipt that is at least a foot long and loaded with type that says: How did we do? Call our toll-free number and receive… Continue Reading..

Helping Clients of Every Age

Many people assume that I work exclusively with elderly clients, and I get it: I am a former board member at Silver Source of Stamford, I have many clients who are seniors, and I love working with them. The truth is that only 30% of our client base can be… Continue Reading..

The Large, Clearly Defined Line Between Employee and Contractor

A worker is considered a contractor only if they have their own business. An example of a subcontractor is when someone contracted by the business performs work for it. The Department of Labor and the IRS have begun a renewed effort to put an end to what they call decades of abuse… Continue Reading..

Assembling Your Financial Team

Most people wouldn’t dare attempt fixing plumbing problems without the help of a plumber. It is simply too important to not do correctly. The same is true when it comes to categorizing your expenses, preparing your will or filing your taxes. The good news is that there are professionals available… Continue Reading..

Tax Fraud, Identity Theft and the IRS

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..

Getting Your Documents Together at the End of the Year

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..
Judith Heft - It's a Taxing Time for Everyone

It’s a Taxing Time for Everyone

It’s March, which means your accountant is ready for your tax paperwork. Here is a guide to what you’ll need: W-2’s - Wages and tax statements 1099’s - Taxable income, interest dividends and self-employed income Schedule K-1’s - Income or loss from a partnership or an S-corporation 1098’s - Mortgage… Continue Reading..