Wray CPA ,LLC

11/21/2019

Every worker at some point starts to think about retirement and applying for Social Security benefits. The question is... when should you start collecting?

Delaying Social Security payments typically pays off for recipients. But not always.

11/20/2019

Knowing the value of your liquid assets can help you keep calm when there's unforeseen expenses.

Liquidity is how easily an asset can be turned into cash. Keep reading to learn more about different assets and their respective level of liquidity.

11/19/2019

Business owners have a lot of different deductions they can claim, but many people are reluctant to take advantage of some of them for fear of being audited. If you're legitimately entitled to a deduction, you should never be afraid to claim it. Working with a professional can help ease this fear.

11/18/2019

Did you forget to include additional income when you filed your taxes last year? Luckily, an amended return can be filed to fix it. If you think you may have made a mistake last year... we can help!

An amended return is a return filed in order to make corrections to a tax return from a previous year.

11/15/2019

Passive income is income that comes in without effort or time in the being expended to create it. There are many different types of passive income investments, and they are certainly not equal.

Wise planning can help you create an investment portfolio that works for you. Discover some of the best ways to diversify and put your money to work.

11/14/2019

If you have to travel for work, it's important to go over tax deductible expenses. Knowing the rules can make all the difference in your return. Learn more here:

Topic No. 511 Business Travel Expenses

11/13/2019

Looking for ways to decrease distribution costs? Inventory optimization may be a strategy worth looking into. Businesses operating without an inventory optimization plan are at risk of overspending and underperforming.

As the marketplace expands and goods become available from every corner of the globe, inventory management is becoming increasingly complex.

11/12/2019

You can make contributions to an FSA with pre-tax funds to pay qualifying out-of-pocket medical expenses. You could potentially also enroll in a dependent care FSA to pay for services such as child care or care for a disabled relative.

11/11/2019

Did you know the new internet sales tax has been implemented as of October 1, 2019? This particular change will affect those who sell products online in certain states. Learn more about it here:

Internet sales tax has been an issue for states for several decades. The S Dakota v Wayfair Supreme Court case and its background is explained here.

11/08/2019

Here are ten tips that could help you to take better advantage of your existing 401(k) plan or a future one.

Planning for retirement can be a challenge, get the most out of your investment be following theses helpful tips.

11/07/2019

When it comes to divorce settlements, there are a lot of things to consider financially. From child support, real estate, cars, insurance and even taxes. Read these 4 tax strategies that could make a divorce settlement easier.

Divorce negotiations are never easy, and they became more complicated this year, thanks to the tax overhaul. Here are four tips for taxpayers to consider.

11/06/2019

This end-of-year tax planning move can save investors who are age 70.5 or older from paying taxes on the required minimum distributions from an individual retirement account.