Message from President Josh Shilts
Happy Fall everyone! As we head into planning season, I wanted to discuss with you some terms to know in regards to your retirement account. They are a big part of tax planning!
IRAs, or Individual Retirement Arrangements, provide tax incentives for people to make investments that can provide financial security for their retirement. To help people better understand this type of retirement savings account, here’s a basic overview of terms to know:
It’s essential to understand the tax implications of your retirement planning choices. If you haven’t started saving for retirement, call the office and speak to a tax professional who will help you figure out a plan that works for you.
Finally, on behalf of myself and our Tax Team here at Shilts CPA, we hope you enjoy this month’s newsletter content!
Josh Shilts, CPA/ABV/CFF/CGMA, CFE
Other Articles of Interest
Tax Due Dates
Missing tax deadlines can result in heavy penalties. Click here to view all tax due dates and ensure you are to-date on what is due this month.
Our President, Josh Shilts, is passionate about sharing his expertise. We would like to encourage you to join us at his next event. Click here to view all events.
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.