Divorce Can Be Taxing

Divorce is expensive. Aside from the emotional toll divorce takes on a family, both the process and aftermath of a divorce can be costly. Below we look at some of the steps people can take to help remove the tax sting out of an already challenging time and arrive at the best financial position. Changes…

Financial Planning Advice for Women

The path for women is a little like two steps forward, one step back. For example, almost 40 percent of all privately held firms in the United States today are owned by women. Furthermore, the 2018 midterm elections yielded 23 female senators and more than 100 in the House of Representatives. And yet, despite the…

What’s the Best Type of Business Entity for Tax Purposes

There are several major types of business entities, including S Corporations, C Corporations, Limited Liability Companies (LLCs) and being self-employed. Each type of structure has its own advantages and disadvantages when it comes to taxes, assets and liability protection. Generally, certain types of businesses are best for certain professions from a tax perspective; however, with…

How Will the Markets be Impacted by Trade in 2019?

With talks of changing existing trade deals by then candidate Donald Trump now a reality with President Trump, America has taken a different path for international trade. Seeing mixed results during negotiations, global and domestic stock markets have been shaken and are subject to ongoing volatility. Today, foreign trade talks are in flux, and it’s…

Tax Reform 2.0

The House Republicans recently introduced legislation that, bundled together, is being referred to as Tax Reform 2.0. Expanding on the Tax Cuts and Jobs Act (TCJA), it’s composed of three main bills that intend to address some of most criticized portions of the TCJA. H.R. 6760, Protecting Family and Small Business Tax Cuts Act of…

HBLA Staff Promotion Announcement

Please join us in congratulating Cassie, Kirsten, and Charisse on their promotions! We are thrilled that they are all part of the HBLA team! Cassandra Ong, Senior Auditor Cassandra, known to us as Cassie, joined HBLA three years ago and has quickly proven herself to be a significant member of our audit department. During her tenure,…

Funding Options For Long-Term Care Expenses

The longer people live, the greater the chance they will need assistance in old age. And today, people are living longer than ever. As if providing for one’s own retirement isn’t hard enough, now we must factor in the cost of providing long-term care. Health insurance – including Medicare – is designed to cover only…

Summer Jobs and Taxes

Summer is coming to an end, lots of high school and college kids work seasonal jobs before they return back to their studies. It doesn’t matter if it’s mowing lawns, checking out groceries, painting houses or life-guarding at the beach, here’s what you need to know about summer jobs and taxes. Even if you don’t…