Category: Uncategorized

As a homeowner or property owner you are liable if someone slips and falls on your sidewalk/driveway.  Regardless of how much traffic your sidewalk gets, it only takes one slip and fall claim to dramatically impact your homeowner’s Insurance liability limit and/or premium.  Liability claims against a home owner’s policy are serious and some preferred insurance companies may not accept your risk if you shop for a policy with a recent claim.

Additionally, many cities and townships will fine their residents that do not maintain their walkways.  In large cities, foot traffic is critical for local businesses and therefore, lack of snow removal may not only lead to a liability claim, but additional fines may be levied by city or township.

The bottom line is that not only is it common courtesy to shovel your sidewalk it will also make your home appear occupied, and may save you from fines and large liability claims that may max out your liability coverage or possibly lose coverage from your insurance carrier.

FOR ADDITIONAL INFORMATION ON HOW TO PROTECT

YOURSELF AND YOUR PROPERTY THROUGH PROPER

INSURANCE COVERAGE CONTACT US AT

(888) 693-3583

 

 

Winter is upon us and it is a great time to re-organize your family’s important documents.  Our world and especially our economy are constantly changing.  You may wish to review your Estate and Financial Plans for additional amendments and/or changes you may have missed or that have become necessary over the course of the last year.  Additionally, if you own your own business, there may be planning options that we offer that will reduce your exposure to adverse risk and minimize your tax liabilities.

If you have received additional assets through inheritance or through purchases, those items may impact the current financial arrangement of your Estate and Financial Plan. Remember that you want your assets to work hard for you.  After all, you have worked hard enough to gain those assets!

A key component of money management is tax planning.  When executed effectively, sound tax planning strategies will provide you and your family with more money to save or invest, or both.

Sound tax planning strategies will make use of all applicable credits, deductions, beneficial tax law provisions and all other applicable breaks that are legally available through the Internal Revenue Code.

Money management and tax management go hand-in-hand due the accumulation of assets over the course of your lifetime.  The more wealth that you accumulate and the more money you make, work together to increase your tax liabilities over time.  Over the course of your life taxes will be the single greatest expense that you incur which makes tax planning a critical component of money management and asset accumulation.

Common tax planning strategies include:

• Selecting an appropriate filing status
• Claiming the appropriate deductions
• Selection on retirement plans and investments

The key is to have a financial plan in place that includes critical tax planning components to save yourself from having to pay avoidable taxes.

To learn more about the advantages of tax planning, contact Secure Tax Service, LLC.  We have CPAs on staff to answer your tax planning questions and help you start developing your personal tax planning strategy today!