Tax advisory & Consultant

Introduction Retirement is an exciting chapter in life, but it comes with its own set of challenges—especially when it comes to taxes. This is where a skilled retirement tax advisor can make all the difference. If you're near San Antonio, SADH CPA is your go-to partner for navigating the complexities of retirement taxes with ease and confidence.   Understanding Retirement Tax Planning What Is Retirement Tax Planning? Retirement tax planning is all about strategically managing your income, investments, and expenses to minimize taxes during retirement. It involves understanding tax laws, maximizing deductions, and ensuring that your hard-earned savings last as long as possible. Why Is Retirement Tax Planning Important? Without proper planning, retirees often face unexpected tax bills that can disrupt their financial stability. By taking proactive steps, you can avoid unnecessary taxes, preserve your wealth, and achieve peace of mind. Common Tax Issues in Retirement ...

Your firm survived 2020. Now you may be asking yourself when will the economy return to pre-pandemic levels? Will it be this fall? A year from now? Longer? Until the economy fully emerges from the pandemic, small businesses can help one another stay afloat. By collaborating with other like-minded firms, your business can find creative ways to strengthen local markets and encourage consumer loyalty. Consider the following ideas of how you can help each other: Partner with industry peers.  One Vietnamese restauranteur in New York City was eager to open his business for in-person dining. Then the pandemic hit. According to a Time Magazine article, two years of careful planning, hard work and sacrifice seemed fruitless. But sympathetic restaurant owners in nearby Chinatown reached out with an innovative idea: offer a punch card to encourage customers to support local businesses. By partnering with this newly-minted entrepreneur and introducing ...

D onating to charity not only helps others, it can reduce your tax bill — but only if the charity qualifies as a tax-exempt organization. Checking for qualified status If you plan on itemizing your deductions on your tax return, make sure the organization you're donating to is designated by the IRS as a 501(c)(3) organization in good standing. You can find a list qualified  501(c)(3) organizations  on the IRS website. Remember, even last year's qualified organizations could lose their non-profit status if they do not submit their annual tax filing! Is it a good charity? Ensuring a tax-exempt status is not your only step. You should also conduct research on your charitable organization. There are many websites that evaluate organizations, how they spend their funds, and how efficient your donation is being used. So check out your charities on sites such as  Charity Navigato r ,  Charity Watch  and   BBB Wise Giving Alliance . Get your documenta...

  Here are some ideas to help you stay financially healthy when purchasing your next vehicle: Put down at least 20%.  An unavoidable accident, even with no medical bills, could place your financial life in chaos. So try to have at least 20% equity in the vehicles you own from the moment you make the purchase or your loan will be underwater leaving you with no room to replace your vehicle with a similar make and model. Get a vehicle history report.  Don't buy a vehicle that's been in an accident or has had other major issues such as flood damage. Buying a vehicle history report can help you identify cars, trucks, & SUVs that may create an even greater financial risk if you need to find a replacement. Build a fund for vehicle repairs and maintenance.  Save up for inevitable maintenance and vehicle repairs. You could even use these funds to cover your 20% portion of a vehicle’s replacement cost. Having enough money in this fund is critical. If you need to repair a c...