Category Archives: Savings

8 Tax Savers for Parents

Posted on March 4, 2014 by Andrew Schwartz, CPA

From IRS Tax Tips: Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. 1. Dependents. In most cases, you can claim your … Continue reading →

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2013 Tax Update with Rick Schwartz

Posted on February 10, 2014 by Andrew Schwartz, CPA

Have a listen to Rick Schwartz’s Tax Season 2013 Update!

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Checklist to Cut 2013 Taxes

Posted on February 6, 2014 by Andrew Schwartz, CPA

Take a peak at Andrew’s article for Oncology Practice Management. Lots of tips to cut your 2013 taxes and advice for 2014.

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Radio Interview: 8 Resolutions

Posted on February 3, 2014 by Andrew Schwartz, CPA

Take a listen to Andrew’s interview with George Knight on Radio 92.9 Greater Media Boston – 8 Resolutions to Improve Your Personal Finances

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IRS Increases Retirement Plan Limits for 2014

Posted on December 23, 2013 by Andrew Schwartz, CPA

Contributing to a retirement plan is one of the best tax shelters available to you during your working years. Recently, the IRS announced that most of the retirement savings limits will NOT increase for 2014. RETIREMENT PLAN LIMITS FOR 2014: … Continue reading →

Posted in IRS, Planning, Savings | Tagged 401(k), Andrew Schwartz, Individual Retirement Account, Internal Revenue Service, IRS, Retirement savings account, Roth IRA, Schwartz & Schwartz, Schwartz and Schwartz, Self-employment, SIMPLE IRA | Leave a comment

To Do for 12/31: Flex Spending Account

Posted on December 4, 2013 by Andrew Schwartz, CPA

Make sure you make applicable elections in connection with your employer’s Flexible Spending Account!

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To Do for 12/31: IRAs to Roth IRAs

Posted on December 2, 2013 by Andrew Schwartz, CPA

Determine whether to convert your IRA to a Roth IRA. Ask your accountant or financial planner for help if you need it!

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IRS Announces Few Increases to Retirement Savings Limits for 2014

Posted on November 21, 2013 by Andrew Schwartz, CPA

On Halloween night, the IRS announced the cost of living adjustments applicable to the various retirement plan limitations. Unfortunately, the bulk of the retirement savings limits will not increase from 2013. According to the October 31st announcement made by the … Continue reading →

Posted in Savings | Tagged 401(k), Andrew Schwartz, Consumer Price Index, Individual Retirement Account, Internal Revenue Service, retirement, Roth IRA, Schwartz & Schwartz, schwartz & schwartz cpas, SEP-IRA, SIMPLE IRA | 1 Comment

Why open a Retirement Plan for Your Practice?

Posted on October 17, 2013 by Andrew Schwartz, CPA

Let’s start by discussing some of the benefits of setting up and maintaining a Retirement Plan for your practice. The first benefit is that contributions you make into the retirement plan are generally tax deductible, and then those contributions grow … Continue reading →

Posted in Practice Management, Savings | Tagged Andrew Schwartz, Deferred tax, Defined benefit pension plan, Individual Retirement Account, Investment, Profit sharing, retirement, Roth IRA, Schwartz & Schwartz, schwartz & schwartz cpas, Schwartz and Schwartz, SEP-IRA | Leave a comment

Part 2: New Tax Rules – Strategies to Minimize your Tax Bill

Posted on June 20, 2013 by Andrew Schwartz, CPA

In my previous post, I wrote about new tax rules for 2013. In today’s Part 2, I’ll cover various strategies you can use to minimize your tax bill in light of these new tax rules. Plan Your Revenue & Expenditures … Continue reading →

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