How to Back Up Your Financial Documents
If you’ve accidentally deleted or misplaced a financial document, you already understand the importance of backing up your important files. However, saving your financial documents to an external hard drive is only part of the battle. To truly safeguard your...
What Is the Difference Between a Tax Credit and a Tax Deduction?
When it comes to preparing your taxes, the idea of tax credits and tax deductions can be music to any taxpayer’s ears. That’s because both are used to lower the amount of taxes someone owes to the government. While they’re both worth getting excited over, it’s...
Your 2022 Tax Filing Season To-Do List
The tax season is officially here. If you haven't already, now is the time to get prepared. Whether you meet with a tax professional or prepare your taxes yourself, proper planning helps the processes go more smoothly and may reduce the risk of costly errors. Check...
2022 Contribution Limits
Preparing for retirement just got a little more financial wiggle room. The Internal Revenue Service (IRS) announced new contribution limits for 2022. Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The...
Preparing For a Business Valuation: A Guide For Small Business Owners
Whether you’re selling your business, purchasing another or somewhere in between, a business valuation is the first step to determining the value of a business. Preparing for a business valuation isn’t complicated, but the calculations to determine the value of a...
5 Myths About Generational Wealth You’ve Likely Heard
The Rockefellers, the Vanderbilts, the Gettys - all famous families known for their success in building and maintaining generational wealth. And while they’ve successfully passed down millions and billions of dollars to loved ones, the idea of successfully maintaining...
Bernath & Rosenberg Makes the List of Top 150 Firms by AUM from Accounting Today
Accounting Today has released their 15th annual ranking of firms by AUM (Assets Under Management). For the sixth year in a row, Bernath & Rosenberg has been named as one of the leading CPA firms specializing in financial planning and wealth management. The...
Your Life Simplified – An Introduction to the Family Office
What is a family office? The most famous family office, and the first to be formed, was opened by the Rockefeller family. Traditionally, a family office was formed by an affluent family to manage all their financial requirements and other personal needs. The family...
Bernath & Rosenberg Makes the List of Top 150 Firms by AUM from Accounting Today
Accounting Today has released their 12th annual ranking of firms by AUM (Assets Under Management). For the third year in a row, Bernath & Rosenberg has been named as one of the leading CPA firms in financial planning. The publication receives hundreds of...
IRS Throws Salt on SALT Workaround
IRS Proposed SALT Regulations Would Limit Effectiveness Of State Workarounds Beginning in 2018, the itemized deduction for state and local taxes (SALT) will be capped at $10,000. This is another significant change resulting from the Tax Cuts and Jobs Act (TCJA),...
Cyber-Security Tips for the Workplace
Tax Cuts and Jobs Act Enhances the Child Tax Credit
Child tax credit now higher, more widely available The Tax Cuts and Jobs Act (TCJA) of 2017 has been touted by its proponents as an across the board tax cut with specific benefits for “middle class families”. There is a long history of tax benefits for families with...
