Possibilities, Potentials, and Opportunities

 When I think of the word possibilities, I think of all things possible in the universe for a given situation. When I think of the word potentials, I think of all that I am currently capable of or can become capable of. When I think of the word opportunities, I think...

Be Careful Around Construction Sites

 Construction Site Accidents generally cause serious injuries. Imagine a site where different subcontractors such as plasterers, plumbers, concrete subcontractors, framers, roofers, sheet metal workers, painters, and electricians work side by side, sometimes sharing...

Before you Say I Don’t, Please Do…

 Saying “I don’t” is a hard decision to make. Maybe something just happened or maybe it’s been years in the making.  Before filing for divorce or separation, there are some steps you should take to make sure you are ready for the impending battle. Note: Not every case...

California Tax Audit Dilemmas

The Franchise Tax Board (FTB), which is responsible for enforcing California Income Tax laws, is not California residents’ and businesses’ best friend. This is especially true with the individual tax rate at 13.3 percent and business rate at 8.84 percent. Furthermore,...

Investing Basics Part one of two

 Why invest? You can build wealth. Investments can provide you the opportunity to make money outside of your paycheck through dividends, interest and capital gains. Over time, compounding—when the return on your investment earns a return of its own—can help the money...

Managing a Trust or Estate

Managing a trust or estate has many challenges including investments, valuations, trustee/executor concerns, beneficiary concerns, and legal and accounting issues. You as the trustee/executor have the responsibility to make sure it all gets done. Some CPA’s are...

Finding Hope When Facing Bankruptcy

A lot of people end up filing bankruptcy when they get to the point of feeling hopeless about their financial problems. Despite what others may think, there is no shame in needing a second chance to secure your financial future. Bad things can happen to good people as...

Tax Considerations for California Residents

 The new tax law will prove beneficial for millions of Californians. However, there are also many who will receive a significant blow due to high property taxes and a reduction in the number of allowable deductions. Regardless, whether you stand to prosper or pay more...

New Credit-Scoring Model

  ADVERTISE WITH US CLICK HERE A Note from the Publishers – July 2018 by Linda, Moe and Alexander Hafizi | Jun 26, 2018 | A Note From the Publisher From coast to coast, Americans spend the Fourth of July celebrating our nation’s independence. From fireworks to...

How Chapter 13 Debt Consolidation Works

If you are struggling to pay your bills every month due to insufficient income and/or excessive expenses, there is a way to make your debts more manageable so you can sleep better at night. Chapter 13 is the section of the US Bankruptcy Code that allows individuals in...

Three Divorce Realities

Many well-intentioned people tend to give you lots of financial and strategic “advice” when going thru your divorce or separation. Unfortunately the pearls of wisdom that are offered by friends or family are usually based on myth and not reality. Here are three simple...

529 Plans: Taking Distributions

Parents looking to take advantage of the many benefits of saving for college with a 529 plan will want to know the full details on which educational expenses qualify for tax-free distribution status — and which do not.1 In Publication 970, the IRS gives detailed...

Bicycle Safety and Avoiding Accidents

 Summer is just around the corner and with that, more and more bicyclists will be out enjoying the weather.  Unfortunately, statistics show that over 48,000 bicyclists are injured every year.  So, if you plan on taking your bike out, please take some extra precaution...

Where Did Your Debt Problems Come From?

 I was counseling someone the other day in my office. He looked shocked and confused as we sorted through all the credit card statements on my desk and added up how much he owed. $65,000! That’s how much the statements said he owed! How can this be? He said he...

Three Divorce Realities

 Many well-intentioned people tend to give you lots of financial and strategic “advice” when going thru your divorce or separation. Unfortunately the pearls of wisdom that are offered by friends or family are usually based on myth and not reality. Here are three...

Hiring the Right Professional

Do you take the time to hire the right professional for you? A recent tax case has highlighted the importance of hiring the right professional.  This case involved a situation where the tax court ruled the IRS instructions were not to be followed, and a higher...

Motorcycles and Injuries – Protect Yourself

Motorcycle accidents result in serious injuries or death.  In fact, statistics reveal that for every mile traveled, there are about 35 times more deaths resulting from motorcycle accidents than from car accidents.  Injuries are more severe in motorcycle accidents...

IRA Required Minimum Distributions (RMDs)

Taxpayers reaching 70 ½ years of age are required to take minimum distributions from their traditional IRA accounts (other retirement accounts also require distributions). There are no required distributions for owners of Roth IRAs. When must RMD begin? Your first...

Have You Filed Your Tax Return?

It is April again and your taxes are due. The deadline this year has been extended to Tuesday, April 17th. Not Ready to File? If you are not ready, you need to file an extension request via IRS Form 4868 on or before the April 17....

Fighting for The Rights of Injured Workers

 Have you recently experienced a work-related injury? Has getting the treatment you need to return to work become impossible to get authorized through the worker’s compensation insurance carrier? Recent legislation effective since 2013 has made it more difficult for...

The Sweets of Spring

Love is in the air and the first day of Spring is approaching. When we think of Spring we think of new beginnings and growth. Salt Creek Grille Valencia has started off this season with a new dessert menu. Pastry Chef Kristina Waggoner has really outdone herself with...

You Can’t Borrow Your Way Out of Debt

 Are you facing a mountain of debt and don’t know what to do in order to avoid getting buried? Debt problems can wreak havoc on your personal life in many ways. And left unsolved, they can spill over into other areas of your life, causing problems not only at home but...

Money Matters – One Million Dollars

As Goldmember in the Austin Powers movie so eloquently said “one million dollars!” is the oft-cited amount people say you’ll need to retire comfortably. The theory behind that goes something like this: A $1 million nest egg can generate around $40,000 per year in...

Five Steps to Spring Cleaning for your Divorce

Spring is in the air.  It’s almost that time to dust away the dampness and cold and get ready for the warmth of Southern California sunshine. If you are gearing up to say, “I don’t” sometime in the next couple months, you need to be prepared. And your spring cleaning...

New Tax Tips

 1. Contribute to retirement accounts If you haven’t already funded your retirement account for 2017, do so by April 17, 2018. That’s the deadline for contributions to a traditional IRA, deductible or not, and to a Roth IRA. 2. Make a last-minute estimated tax payment...