Gregory Simons

Five Reasons to Incorporate Your Business

As your business grows, you may want to consider the benefits of incorporating.  Many start a new venture with no thought about the legal structure for their business. The IRS considers “sole proprietor” to be the default structure in which your business profits are taxed on your personal tax return. While this can serve you […]

July 12, 2017|
Rebecca Geyer

Graduation – The Time to Put Documents in Place

The time is fast approaching when many young adults leave the nest and head for college. But, just as the famous American Express commercial cautions consumers not to “leave home without it”, referring to a credit card, at Geyer & Associates we caution students not to leave home without first putting two important estate planning documents […]

June 13, 2017|
Lisa Rollings

Considering Paying for Your Child’s College Education?

Paying for a college education can be intimidating for both the college student and the parents, especially with rising costs.  When deciding whether the parents or the child should take on this responsibility consider the compelling arguments for both sides.  Ultimately, you need to determine what will work best for your family’s financial situation and […]

June 12, 2017|
Lisa Rollings

Customer Spotlight – ArtMix

ArtMix (formerly VSA) has been a part of the Indianapolis community for over 35 years.  Gayle and David Foy had a vision of providing a way for Indiana children with disabilities to not be isolated in the school system.  They adopted a model from a program via the John F Kennedy Center which was started […]

May 1, 2017|
David Winters

New IRS Collection Policy Update

As we progress through 2017, be aware of major changes to the IRS Collection Policy.  According to “During the past five years, new laws and IRS administrative changes to collection policy have been frequent, and can be hard for taxpayers and tax professionals to keep up with.”  Stay informed and take a moment to […]

April 27, 2017|
Christopher Norwood

Why Benchmark Your 401k?

The Department of Labor (DOL) wants you to benchmark your plan for reasonableness – at least every three years. A benchmark report helps during a DOL audit. Benchmarking will tell you: Who provides services to your plan, as well as the actual fees charged. (Third-Party Administrator, Record Keeper, Custodian, Plan Advisor, Investments). What services are […]

April 14, 2017|
Jason Saunders

A Tax Refund for You or an Interest Free Loan for the IRS?

Are you anticipating a big refund this year?  Since getting a large refund actually costs you money, you may want to do some tax planning each year in order to minimize the amount you get back. If you are among the millions of taxpayers who receive a refund each year it’s important to understand how […]

April 10, 2017|
David Winters

The Real Definition of “Dependent” May Surprise You

You may only think of a minor child who is living with you when you think of a “dependent”.  While this is true, you will want to remember that a dependent could also include children who do not live with you, a parent, or another relative. Definition of a dependent. Qualifying children or other relatives […]

March 6, 2017|
Jason Saunders

Tax Bracket, Tax Rate, What’s the Difference?

It’s not a trick question, there is a difference between your tax bracket and your tax rate.  Your tax rate indicates your tax liability in relation to your total income but for planning purposes, you will also want to be aware of your tax bracket.  As an example, to stay within the limits of a […]

January 31, 2017|
David Winters

New QuickBooks Phishing Scam Warnings

A new phishing scam is targeting users of Intuit’s QuickBooks accounting software.  Users should watch for emails with the subject line “QuickBooks Support:  Change Request”, which includes a claim that the business name has been changed and indicates that the recipient can cancel the request by clicking on a link within the email.  The link […]

January 27, 2017|