Sushi and Taxes
As tax season winds down, the astute taxpayer is already planning for next year’s tax season. The amount you owe or get refunded with your tax return doesn’t need to be a surprise. With the proper planning, you can minimize your tax liability and not owe a dime when you file your taxes. But, this planning needs to start now. In this month’s newsletter, we’ll make sure you’re aware of some important changes for the 2017 tax year and get you thinking about deductions you may be able to take to save on taxes.
In this edition of our newsletter:
- Tax Changes for 2017
- Trump & Your Financial Concerns
- Key Tax Deductions for Business Owners
- Illumination Events
Tax Changes for 2017
Every year the IRS makes adjustments to retirement contribution limitations for inflation. For 2017, most savings contribution limits remained the same with the exception of the SEP/401(k) and individual HSA limits.
Trump & Your Financial Concerns
We’ve heard from many friends and colleagues since Trump took over the presidential office express concerns about his impact on their investments and financial life.
In this video Matt discuss a mindset shift that is critical for building wealth during unsettling times.
Please email us and let us know how you are handling the changes personally, financially and professionally.
Key Tax Deductions for Business Owners
Tax season is here. And by now you should have most of the documents you need to start preparing your 2016 tax returns. Business owners and individuals can yield significant tax savings with the proper planning. Invest 3 minutes and find ways to properly prepare for and save on taxes this year.
Illumination Events
Illumination Wealth now makes sushi! Check out the photos from our sushi making class. We hope you can join us for our next event.
“The difference between death and taxes is death doesn’t get worse every time Congress meets.” – Will Rogers
As always, we hope you have found this edition to be enlightening and look forward to hearing from you soon!
All the best,
The Illumination Wealth Team
The opinions and forecasts expressed are those of Matt Rinkey, President of Illumination Wealth Management (IWM) and may not actually come to pass. Mr. Rinkey’s opinions and viewpoints regarding the future of the markets should not be construed as recommendations of any specific security or Illumination Wealth services. No part of this material is intended as an investment recommendation. Neither the information nor any opinion expressed constitutes a solicitation to purchase or sell securities or any of IWM’s services. Do NOT ever purchase any security without doing sufficient research. There is no guarantee that investment objectives outlined will actually come to pass. Investors should consult an Investment Professional before investing in any investment program. Neither Mr. Rinkey or Illumination Wealth nor any of their employees shall have any liability for any loss sustained by anyone who has relied on the information contained herein. Entities including, but not limited to IWM, its officers, directors, employees, customers and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. The analysis contained is based on both technical and fundamental research. Although the information contain is derived from sources which are believed to be reliable, they cannot be guaranteed. Past performance is never a guarantee of future results.