Blog – Page 10

News and insights From Reynolds + Rowella

Is this insurance missing from your financial plan?

If what springs to mind when you hear “insurance?” Most likely, you think about auto, health, home, and life. But what if an illness or accident were to deprive you of your income? Even a temporary setback could create havoc with your finances. And statistics show that your chances of being disabled for three months […]

Exit Planning is a Path to Diversification of Wealth

Most owners of privately-held businesses have the majority of their wealth trapped in their illiquid business. What this means is that without a path to turn the value in your business into cash, your overall wealth will continue to stay concentrated in your ownership of your business. So the fact that your business provides for […]

Dreams of AirBNB’ing that extra room?
Keep track of summer rental income.

Are you thinking of signing up with one of those websites that link travelers to property owners with space to spare? If you plan to offer for rent all or part of your main home, establishing sound recordkeeping procedures from day one is a good idea. In addition to a bookkeeping system to track the […]

Offset your past or future income with a net operating loss

If you reported more business expenses than income on your 2015 tax return, you may have a net operating loss. That means you have the opportunity to apply your loss to past and future tax years to generate a refund or reduce your tax liability. Unless you elected to carry the entire loss to future […]

Is It Time to Adjust Your Tax Withholding?

Did you receive a big tax refund or owe the IRS a lot of money for 2015? Then it’s time to update the form that tells your employer how to calculate your federal income tax withholding. That’s Form W-4, Employee’s Withholding Allowance Certificate, and here’s what you need to know. Filing a new Form W-4 […]

Estimated Tax Payments

Estimated Tax Payments: What You Need to Know If you’re required to make quarterly estimated tax payments this year, the first one is due on the same day as your federal income tax return. Failing to pay estimates, or not paying enough, may lead to penalties. Here’s what to consider. Do you need to make […]

The Importance of Software Navigation

In today’s working environment, computers are used to complete the majority, if not all, of the tasks that we are given as members of the workforce. Not only are we using computers but we are using a wide variety of software to complete our jobs. Dealing with this variety of software can become overwhelming, cumbersome, […]

Closing out the Year

Tips and tricks for reconciling accounts at year end It’s yearend, and, on top of the holidays and everyone taking vacation, you need to close out the past year. The last thing you want to be doing while you’re well into the current year is closing out last year’s books. I’ve got a few tips […]

PRESS RELEASE REYNOLDS & ROWELLA, LLP

A NEW CONSULTING GROUP AT REYNOLDS & ROWELLA, LLP ADVISES REAL ESTATE ATTORNEYS AND TITLE AGENTS ON COMPLIANCE AND ALTA BEST PRACTICES SOLUTIONS. RIDGEFIELD, CT – April 6th, 2016 Reynolds and Rowella, LLP, a regional accounting and consulting group with offices in Ridgefield and New Canaan held an educational seminar on March 31st to alert […]

8 Reasons to Plan Your Exit in 2016

By Steven I. Risbridger, CPA With each New Year comes thoughts of new beginnings and resolutions. For businesses, this also comes with planning for the year ahead. This newsletter is written for business owners who run their own companies and have the majority of their personal net worth tied to that illiquid business. 2016 may […]

Did you know? You can Use Taxes to Reduce your Tax

Are you planning to itemize on your 2015 federal income tax return? If so, you can claim a deduction for taxes paid. According to IRS statistics, taxes are the most frequently claimed itemized deduction, as well as the largest. But what kind of taxes can you deduct on your personal return? State and local income […]

Teach Children Financial Literacy, it’s a Vital Skill

Financial Literacy A vital skill in today’s world. Will your children be able to handle their finances when they became adults? Here are tips to help ensure the answer is yes. Shave Spending Take the weekly allowance to the next level by helping your child develop a budget. Review the results to reinforce good habits. […]

Smart Tactics Lead to Long -Term Business Success

As a business owner, monitoring operations and dealing with everyday problems no doubt takes up the bulk of your day. But carving out time for a comprehensive review can benefit your business. Here are key areas to consider. INSURANCE COVERAGE Automatic renewal may appear to be a time-saver. But you might be missing out on […]

Business Leaders…Define Your Digital Future.

Technology needs and business needs are increasingly intertwined, but whose responsibility is it to ensure your future technology projects are focused on the right things? K CEOs have long delegated the responsibility of defining need to CIOs and department managers. After all, they know best when it comes to the day-to-day, right? Well unfortunately this is a mistake and […]

Emergency Savings

Do you have enough emergency savings? A December 2015 survey by a consumer financial services company showed that 36% of the people who participated said they dealt with their most recent unexpected expense by using savings. Would you be part of that group? Here are tips for starting your “rainy day” fund. Define how much […]

News and insights From Reynolds + Rowella

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