Author: admin

Name: Barnes Capital Group Tallahassee, FL
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Are You Financially Fit?

Written by admin on January 28, 2019. Posted in Uncategorized. 27 Comments on Are You Financially Fit?

If you don’t have a financial plan, that question may be hard to answer. To achieve financial wellness, you need to define your goals and set a time frame for reaching them. The following steps can help you take control of your finances. Build a Budget A good place to start would be with a budget....

A Shopper's Guide to Tax Consultants

Written by admin on December 14, 2018. Posted in Tax Preparation. 33 Comments on A Shopper's Guide to Tax Consultants

Without a doubt, income tax laws are complex. Yet, many individuals do their own income tax returns. Sure, the advent of personal income tax software has somewhat eased this burden. Tax preparation software is reasonably inexpensive. However, you still have to gather all the information. But, on...

The Best Tax Tips before Year End

Written by admin on December 1, 2018. Posted in Tax Preparation. 38 Comments on The Best Tax Tips before Year End

Tax planning is more advantageous when done during the year and well in advance of year’s end. Opportunities exist for you to minimize tax liability, which will leave more income for you and/or your family. Generally, people put off tax planning because paying income taxes is an obligation. So, this...

Taking Charitable Giving to Another Level

Written by admin on November 15, 2018. Posted in Charitable Giving, Wealth Management. 37 Comments on Taking Charitable Giving to Another Level

Did you know that you can gift a new or existing life insurance policy to your favorite charity? When properly designed, a charitable life insurance program may improve your overall financial situation and offer tax benefits, all while supporting a charitable cause. Generally, there are three methods...

Charitable Giving—Not Just for the Rich and Famous!

Written by admin on November 1, 2018. Posted in Charitable Giving. 38 Comments on Charitable Giving—Not Just for the Rich and Famous!

Whether you are Bill Gates, Warren Buffet, or just an ordinary Joe, the gifting principles, tax benefits, and philanthropic rewards of charitable giving can be relatively the same, regardless of how large, or how small, your gifting program. The potential for a charitable income tax deduction or an...

Barnes Quarterly – Episode 01

Written by admin on October 22, 2018. Posted in Barnes Quarterly Podcast. 38 Comments on Barnes Quarterly – Episode 01

We are elated to announce the arrival of the inaugural episode of our new podcast, Barnes Quarterly. We’ve been wanting to put something like this together for quite some time, and now the day has finally come! With this podcast, we are hoping to pass along information and insights in an easy...

A Buy-Sell Estate Tax Checklist

Written by admin on October 1, 2018. Posted in Estate Planning, Tax Preparation. 38 Comments on A Buy-Sell Estate Tax Checklist

The Internal Revenue Service (IRS) requirements for the valuation of a business through a buy-sell agreement for estate tax purposes are as follows: 1. The buy-sell agreement must be a bona fide arm’s length transaction. 2. The agreement must obligate the estate of the deceased shareholder to sell...

Finding Your Way through the IRA Maze

Written by admin on September 17, 2018. Posted in 401k, Retirement Planning, Saving for Retirment. 31 Comments on Finding Your Way through the IRA Maze

You’re certainly not alone if the words Individual Retirement Account (IRA) cause your mind to spin in confusion. The original IRAs were mind-boggling enough. However, now you have several options, including what many have called the “American Dream” IRA—the Roth IRA. Let’s take a moment and ferret...

401(k) Plans | A Nice Fit for Small Business Owners

Written by admin on September 3, 2018. Posted in 401k. 27 Comments on 401(k) Plans | A Nice Fit for Small Business Owners

Qualified plans, such as a 401(k) plan, offer excellent benefits for small business owners. These plans can provide a multitude of tax advantages that combine to deliver far more tax leverage than most people may imagine. Here is a list of the advantages a 401(k) plan may provide for your company: 1....

Funding 529 Plans with UGMA/UTMA Assets

Written by admin on August 16, 2018. Posted in Uncategorized. 38 Comments on Funding 529 Plans with UGMA/UTMA Assets

Prior to the popularity of 529 plans, many people saving for their children’s education opted for either a Uniform Gifts to Minors Act (UGMA) account or a Uniform Transfers to Minors Act (UTMA) account, depending on their state of residence. Today, for those looking to reap the tax benefits 529 plans...

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Author: admin