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The Financial Advisor

The "financial advisor" title is about as generic as saying all doctors practice medicine. Is…
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Wealth Management Explained

Wealth Management Most individuals who want to build wealth make the mistake of putting financial…
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WMA Frequently Asked Questions

What is a Family Office level of service? How Do You Define a Family Office,…
Resources

Tax Planning and Other Useful Definitions

What Makes WMA’s Approach Unique? Organized by: Wealth Management Accounting (WMA) Most tax preparers, CPAs,…
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How the Money Moves: Capital Contributions and Distributions

KEY POINTS: Capital Contributions comprise the initial funding of an LLC. Typically completed at the…
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Are you financially literate?

The recent events in our country and in the world have caused ripple effect stresses…
Tax deadline
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The Countdown is ON!!

The deadline is fast approaching. Let us help you prepare! Tax Organizer We have mailed…
Self-prepared vs professional team
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Should You Do Your Own Taxes Or Hire A Professional?

If you’re the handy, do-it-yourself type, you probably prefer to prepare your own taxes every…
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What to do if you can’t pay the taxes?

We know the story: things are tight financially, so you either (1) do not file…
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New 1099K Reporting Requirements for Sellers

Do you sell on eBay or Etsy? Do you use pay apps like Venmo, PayPal,…
Event postponed
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ANNOUNCEMENT: Financial Fitness Open House Postponed

The safety and health of our clients is of utmost importance to us. For this…
Tax organizer
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It’s Tax Time!

Are you ready for this tax season? Let us help you prepare! Tax Organizer We…
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Watch For IRS Letters This Month!

Tax season is upon us, and if you received the advance Child Tax Credit or…
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Protect More of Your Assets NOW! – 4 Tax Strategies to Use in 2021 Before 2022 Tax Increases

In light of the increased government spending in the past couple of years, higher income…
Document preparation vs legal advice
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What is the Difference? Document Preparation vs. Legal Advice

One of the most frequent questions we get is "what's the difference between document preparation…
IRA timed bomb
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Do you need to be rescued from the IRA timebomb 💣?

But wait...I thought IRA's were a good thing? And they are. Like everything in life,…
5 reasons you need a bookeeper
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5 Reasons You NEED a Bookkeeper

Bookkeeping is a vital part of any business, but it can be easy to push…
The sum of individual parts
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A Common Mistake?

A common mistake our clients make....is assuming they can’t have it all IN ONE PLACE…
2021 import tax deadlines
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When are business federal taxes due?

While Tax Day is the only date some people may have on their calendar, there…
Tax prep vs tax planning
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What is the difference between Tax Preparation and Tax Planning?

Simply put, Tax Preparation is looking into the past, and Tax Planning is looking to…
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The New Child and Dependent Care Credit for 2021

This new credit for 2021 is potentially worth up to $8,000 in tax credits to…
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IRS unveils Child Tax Credit Update Portal to opt out of CTC advances

Updated August 16, 2021: As of recently, the IRS has changed its rules on opting…
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Still no stimulus check? How to track down your IRS payment status online

If you're fed up watching your mailbox and bank account, waiting for your federal stimulus…
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Happy New Year from the WMA Family!

To Our Customers: Happy New Year! We hope that you were able to enjoy a…