by John Cooney on Jun 15, 2020
There is no question about the devastating impact the coronavirus has had on individuals and businesses. On the business side, there is some relief out there for employers who qualify. In this article, we will discuss two new credits, the Employee Retention Credit and the Leave Credits. We will discuss what they are, who qualifies, how to claim the credits, and what amounts are available to take a
by John Cooney on May 29, 2020
While for many of our National Guard and Reserve servicemembers, traveling to monthly Battle Assemblies right now is not an option, we do hope that in the near future we will be back to meeting together, in-person, as a unit. When the stop order movement is lifted, it is important that all servicemembers are aware of the tax rules around being able to deduct your out of pocket expenses for travellin
by John Cooney on Mar 10, 2020
by John Cooney on Feb 4, 2020
by John Cooney on Jan 21, 2020
As we move towards April 15th’s tax filing deadline, I wanted to spend a few blogs on explaining some of the more popular tax credits that may be available to you. Up first, the American Opportunity Tax Credit (AOTC). The AOTC is a credit for qualified education expenses paid for an eligible student during their first four years of higher education. The credit is calculated by factoring
by John Cooney on Jan 8, 2020
Can You Do It?
by John Cooney on Nov 18, 2019
One of the requirements the IRS has in place for contributing to an IRA is that the person has to have earned income that is equal to or higher than the amount they are contributing. What this requirement did not address were those households with only one working spouse. Thus, the Spousal IRA was born.
by John Cooney on Nov 12, 2019
I get asked a lot about what type of clients I work with, and what I do to help them. In this case study, I talk about a client I worked with who was preparing for a military deployment. This client hired me on an hourly basis to help them prepare financially for the deployment and maximize the benefits available to them during the deployment. You can read the first case study in this series h