Updated for the 2023 Tax Year Energy tax credits are incentives the government provides to encourage individuals and businesses to invest in energy-efficient technologies and practices. The Inflation Reduction Act, previously referred to as the Nonbusiness Energy Property Credit, was passed in August 2022 and updated two tax credits available for energy-efficient home improvement and […]
Updated Energy Tax Credit Rules: What to Know Read More »
PSA for Small Business Owners When it comes to business taxation, one size does not fit all. As a small business owner in Wisconsin, it’s important to be aware of your industry-specific tax process to abide by laws and maximize profits. At Tostrud & Temp we are proud to offer accounting services to small business
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Inheritance After someone passes away, they often endow portions of their finances and assets to family and loved ones. The often forgotten cavoite of receiving an inheritance is the tax and financial management connected to it. It’s important to fully understand what is being left or received at more than just its face value. In
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Student Loan Forgiveness Higher education opens doors to new opportunities, but it often comes with a hefty price tag, and if you are like most college students, you will graduate with some debt. According to Tony Carnevale, director of Georgetown University’s Center on Education and the Workforce, “You can’t work your way through college anymore;
Navigating Student Loan Forgiveness: Options and Eligibility Explained Read More »
Financial Steps to Launch Your Business Have you decided to embark on an exciting journey as an entrepreneur? Starting your own business is a remarkable endeavor but requires careful financial planning and decision-making. Therefore, we have compiled 10 financial steps to help you weigh all the essential considerations every aspiring business owner should know before
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Understanding APR When it comes to borrowing money or utilizing credit, it’s essential to understand the concept of Annual Percentage Rate (APR). APR plays a critical role in determining how much you can afford to borrow and will significantly impact your financial decisions. In this comprehensive guide, we will demystify APR, differentiate it from the
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As inflation and interest rates reach historic highs, it becomes increasingly important to consider the impact on your financial well-being. While traditional savings options like certificates of deposit (CDs) have long been popular, they may not be the best choice in today’s economic climate. When it comes to your wealth management, it’s important to explore
CDs vs. Other Savings Options: Opportunities For Saving Read More »
As a financial advisor, I am often asked about how the rising interest rates affect the financial well-being of average Americans. Simply put, interest rates are the cost of borrowing money, and any changes in them can have a significant impact on various aspects of personal finance. Learn about how rising interest rates can affect
Interest Rate Ripples: How Rising Rates Impact Your Finances Read More »
As the cost of higher education soars, college students and their parents are relying more and more on student loans to finance their studies. Student loans are a type of financial aid provided by the government or private lenders to help students pay for tuition fees, accommodation, and living expenses while studying. You are loaned
Demystifying Student Loans: A Beginner’s Guide Read More »
Taxes can be a confusing and overwhelming aspect of personal or business finance. However, by following our top tax tips, you can make informed tax decisions and achieve your financial goals. First decide if you can reduce your tax burden by taking advantage of tax credits, tax deductions, contributing to retirement accounts, or donating to
