Are You 70 1/2 or Older?

The age of 70 1/2 brings many pleasantries to mind. These may include retirement, travel, financial security and more. This is also a very important age financially speaking. You will be required to begin taking distributions from retirement accounts and may also be receiving social security and Medicare or Medicaid benefits.

With many new financial and taxable situations popping up around this age, you may need professional Tax Services to make sense of IRS guidelines and other financial regulations. You may be fully retired at this age or may decide to continue running a successful business. Whatever the case may be, we can help. Our business is not limited strictly to Tax Services and we are also able to assist with other items such as bookkeeping and payroll processing.

Our convenient location in Flower Mound TX. puts us at the center of Texas business. You don’t have to be located in Texas to take advantage of our expertise, however. We are available and ready to work with you using a variety of resources such as the phone and internet. Clients and those considering a relationship are always welcome to visit our offices in Flower Mound TX.

You’ve Earned It

70 1/2 is an important age that may bring with it substantial change. You have likely worked hard for many years now, perhaps your entire life. That makes now the time to sit back a bit, relax and let others take care of the heavy-lifting. Considering the potential costs involved in a tax or accounting mistake, nothing could be more important for the proper safeguarding of your wealth or business.

Stay in the Know

Tax laws and regulations can be changed rapidly. It is imperative, therefore, that you stay up to date on any changes in tax or reporting laws. Knowledge of any changes made to laws or regulations can potentially save you thousands of dollars, while also making tax time a less stressful event.

If you plan on giving away your estate to family members upon your death, then staying abreast of tax laws is essential. Changes made to current laws may not only allow you to give more money away tax-free, but may also necessitate changes in how your estate is structured or gifted.

Don’t worry. We know most people do not read about taxes and tax laws in their free time. That’s why we are here. Make it our job to keep you up to date, allowing you to relax and enjoy the retirement you have worked so hard for.