Blog - Haven Tax Group

Give a Little and Get More than a Little Back!

May 7, 2025

Tax Planning is a constant stream of adaptation to the new rules that the government and IRS come up with annually. One year we have a tax credit for new windows, the next year it goes away, but a new credit for heat pumps is added. The only constant is

Like It or Not, Taxes are Constantly Changing

April 30, 2025

Tax policy and rates have always been fluid, much more so than most people realize, as they only focus on it for short periods one time a year. You also don’t see many high school or college classes on the history of taxes and tax planning, unless you’re in accounting

Accountants Should Change the Category Descriptions in Bookkeeping Systems After They Learn of Tax Changes. Most Don’t.

April 23, 2025

There is nothing permanent except change! Stated by a Greek philosopher over 2500 years ago and it still stands true, especially in the tax code. Sometimes there are big changes, like those potentially coming with the expiration of TCJA, and sometimes small changes, but it’s a good bet that every

Tax Planning Gem: Use a CRAT or CRUT to “Put Back” Your Stretch IRA Options for Non-spouse Beneficiaries!

April 16, 2025

Current tax rules now require that the entire balance of a non-spousal participant’s inherited IRA account to be distributed or withdrawn within 10 years of the death of the original owner. The 10-year rule applies regardless of whether the participant dies before, on, or after the RMD (required minimum distribution) age

People Complain About Taxes, but Most Avoid Planning Better Outcomes!

April 9, 2025

It’s human nature, of course. We complain about our weight while in the line at the ice-cream stand. We complain about being tired, then stay up late playing the latest game on our smart devices. Humans are funny and contradictory animals. Have you ever noticed that when you’re in a

The Tax Deadline Is About Payments Not Filing!

April 2, 2025

Some people have filed their tax return, received a refund and already spent it. Others have filed and paid and the “pain is over” for another year. But for many who have not filed and are looking at the calendar and saying “Oh, no!”, here are some tips. If you

Tax Planning Light Bulb Moment

March 26, 2025

Have you ever had a “light bulb” moment? I have been driving for many years. I’ve driven at least a million miles and I own a few cars (I collect certain types), and when driving my spouse’s car or one from the collection that I haven’t driven in a while, inevitably

Don’t Let Your Stockbroker Off the Hook When it Comes to Tax Planning

March 18, 2025

Don’t let your stockbroker off the hook when it comes to tax planning. Many people work with brokers when they buy and sell stocks. Many people now, because of the internet, also have become their own stockbrokers, doing their own research and trading on various platforms. Whether you use a professional or do

Business Owners Worried About Planning Need to Do This!

March 12, 2025

Many of our clients are business owners and we often have conversations with them in and around the value of their business. It’s easy to pin a value number on a business based on emotion; after all if you have built a business from scratch or bought somebody else’s business