Beyond the Numbers
Our Beyond the Numbers blog is published with articles on a monthly basis.
Make Your Cash Worth More
Banking tips to help you cash in One of the side benefits of inflation is that banks are finally beginning to pay interest on your savings. Here are some ideas to help you make the most of your banked cash: Understand your bank accounts. Not all bank accounts are...
The Home Gain Exclusion: Make Sure You Qualify!
The Home Gain Exclusion: Make Sure You Qualify! The home gain exclusion is one of the most generous tax breaks available to taxpayers, providing the ability to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence. Here is...
Safeguarding Your Business’s Cash with Segregation of Duties
Fraud and embezzlement don't just happen at large companies. In fact, theft may be more common in small businesses because many lack internal controls that are typically in place at larger organizations. But the good news is that effective internal controls don't have...
Graduation Season: A Great Time to Review Money Basics
With graduation season just around the corner, now it a great time to review five key money basics for both students and the entire family. Understand your net worth. Get used to making this calculation at least once per year. It equals everything you own minus...
Tax Tips for Your Summer Job
Summer brings warm weather, fun outdoor activities, and new opportunities to earn some additional income. Taxes on seasonal income, however, need to be handled with care, whether they're related to your child's first job or an extra income opportunity for you. Here...
Calling All Taxpayers: Plan Now or Pay Later
Procrastination is easy, especially when it comes to summertime tax planning. But waiting to implement strategies to reduce your 2023 tax obligations could cost you money. Here are some suggestions to help jumpstart your midyear review: Safeguard your deductions....
What the Washington State Capital Gains Tax Ruling Means
On March 24, the Washington Supreme Court upheld the state’s capital gains tax as an excise tax, making it legal. The state legislature passed the capital gains tax in 2021, and Governor Jay Inslee signed it into law. The tax enacted a seven percent capital gains tax...
Tips for Working Beyond Retirement Age
You may be one of many Americans who plan to work into retirement. Some report they need to work because their savings declined over the past several years, while others say they choose to work because of the greater sense of purpose and engagement that working...
Getting the Most Out of Homeowners Insurance
Looking for a way to tackle insomnia? Read your homeowners insurance policy. Kidding aside, it’s worth the effort. This is especially important as insurance costs are going through the roof and too many surprises occur when you need your insurance after an event...
New Tax Rules Mean Changes for Retirement Accounts
The SECURE Act 2.0, passed by Congress in late 2022, features numerous ways for you to save more money in your tax advantaged retirement accounts. Here are several of the bill’s provisions and what they mean for you. Money can continue to grow tax deferred. If you...