April 30, 2019 | Main Office
Credit Terms and Your Small Business
Approximately 75% of young businesses get bank loans and business credit. The primary reason small businesses need loans is to grow their business by increasing their hiring, buying equipment and inventory, and other attendant expenses. Business credit determines whether your company can be trusted by the way it manages money. Knowing business credit terms is important to the running of small businesses. Your greater familiarity with these terms will help facilitate your getting loans.
April 25, 2019 | Main Office
Social Security and You
Social Security can be a very confusing topic. There are decisions to be made and facts and figures to sort out. It is also a bit of an emotional topic for some. In this article we will address some of the potential confusion and try to add some clarification.
Applying for Social Security
There are a few different ways in which you can apply for Social Security. You can apply in person at your local Social Security office, online at ssa.gov, or by calling 1-800-772-1213. You can start receiving payments at 62 and can apply at 61 years and 9 months for benefits. Your age of enrollment impacts how much you receive so careful consideration is important.
April 02, 2019 | Main Office
Tax-Deferred or Tax-Free?
People often get confused between tax-deferred and tax-free. They are not the same! You have to pay taxes on tax-deferred investments, but they are paid later. Tax-free investments are not taxable. The tax-deferred versus tax free question most often comes up around retirement accounts but impacts education and health savings accounts as well.
March 26, 2019 | Main Office
Maximize the Value of Your Home
Spring is here and it is a good time to focus on your home. Your home is a significant asset. Part of estate planning is to maximize the value of your home whether it's because you are going to downsize in the coming years or to take care of the estate that your heirs will inherit. Additionally, enjoy your home as much as possible while you are living there. There are many things you can do to boost your home's value...
March 19, 2019 | Main Office
New IRS Impersonation Phone Scam
The phone scammers are at it again. The latest phone scam pertaining to the IRS involves criminals pretending to call from the Taxpayer Advocate Service or TAS.
Thieves initiate calls to their intended victims pretending to be from the IRS. The recipient's caller ID will display the telephone number of the IRS TAS office in either Brooklyn or Houston. Calls may be robo-calls that request to have the call returned. When the call is returned the criminal will ask for personal information such as your Social Security number or individual taxpayer identification number (ITIN).
March 14, 2019 | Main Office
Safe Deposit Boxes
Safe deposit boxes or safety deposit boxes are typically metal boxes stored in a bank vault used
to store valuables, legal documents, and other prized possessions in a secure location. Safe
deposit boxes are rented from the bank with a lease agreement.
The boxes are accessed most commonly with keys but also with pin numbers or other types of
security passes. When keys are used the customer is given two keys which should be stored in
separate locations. The box is opened with one customer key and the guard key from the
financial institution, both keys are necessary to open the box. Once the box is unlocked...
March 07, 2019 | Main Office
Celebrate International Women's Day.Freya Allen Shoffner, ESQUIRE supports Girls Scouts of New England
February 26, 2019 | Main Office
Can you Disinherit your Spouse?
You've written a will and not included your spouse in the will. You may think you have excluded your spouse but you probably haven't. It isn't that easy to disinherit your wife or husband. This issue largely comes up with blended families.
February 22, 2019 | Main Office
Estate Planning and the Blended FamilyBlended families can be complex and take many forms. They are married couples with children from previous marriages. Typically, in blended families, a goal of the estate plan is to provide for the spouse and the children from previous marriages. They may want to provide for children from their spouse's previous marriage as well.
February 15, 2019 | Main Office