News and insights From Reynolds + Rowella
The 19th Annual Mystery Trip
The 19th Annual Mystery Trip – Reynolds & Rowella’s most popular staff event, took place on Friday, June 17th. For those not in the know, each year the staff board a coach bus and take to the roads completely unaware of where they will end up for a great team building experience. The planning effort, […]
Read More Report of Foreign Bank and Financial Accounts(FBAR) Due June 30, 2016
If you maintain bank or financial accounts outside the United States you may be required to file an FBAR (now known as FinCEN Form 114) by June 30th. If the maximum value of one or more of your foreign accounts exceeded $10,000 in the aggregate during 2015, you should complete and file this form or […]
Read More Follow these suggestions for betterpricing decisions
The prices you set for your products and services affect every aspect of your business, including long-term viability, short-term profits, market share, and customer loyalty. While the guidebook or financial guru who can provide the perfect answer to this important decision doesn’t exist, tried-and-true principles can help. Here are three suggestions to arrive at reasonable […]
Read MoreFinancial tips to follow when you lose a loved one
The death of a spouse is emotionally and financially devastating. Making decisions of any kind is difficult when you’re vulnerable and grieving, but having a plan to follow may help. Here are suggestions for dealing with financial tasks ● Wait to make major decisions. Put off selling your house, moving in with your grown children, […]
Read MoreIs 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 […]
Read MoreExit 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 […]
Read More 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 […]
Read MoreIs 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 […]
Read MoreEstimated 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 […]
Read MoreThe 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, […]
Read MoreClosing 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 […]
Read MorePRESS 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 […]
Read More8 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 […]
Read MoreDid 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 […]
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