Atlanta
Scarlet Oak Financial Services

 

Mon - Fri 9.00- 5:00
APPOINTMENT ONLY

Blog

Copy of New Records and Changes (42)

Atlanta, Your Emergency Fund: How Much is Enough?

  An emergency fund may help alleviate the stress associated with a financial crisis.  Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as you’re driving to work, giving yourself your…

Copy of New Records and Changes (33)

Guide to Tax Season Deadlines-2019

  Tax Season Deadlines Thursday, January 31 W-2 and 1099-MISC forms must be supplied to employees by this deadline (W-2s to all employees; 1099-MISCs to any independent contractors and vendors who performed work for your business in 2018). W-2 and 1099-MISC summation form filing deadline for employers and small businesses. W-2s + linked Form W-3…

Copy of New Records and Changes (37)

Should Couples Combine Their Finances? What you need to know Atlanta?

To consolidate or not: that is the question.   Some couples elect to consolidate their personal finances, while others largely keep their financial lives separate. What choice might suit your household?   The first question is: how do you and your partner view money matters? If you feel it will be best to handle your…

New Records and Changes (27)

Shutdown Averted

In this week’s recap: solid gains for U.S. equities, a second shutdown avoided, and interesting developments regarding inflation and retail sales. Weekly Economic Update- February 18, 2019   THE WEEK ON WALL STREET Stocks ended a good week on a high note, as hints of progress in U.S.-China trade talks encouraged investors. When the closing bell…

Copy of New Records and Changes (30)

2019 Tax changes you need to know about. Atlanta, here is your complete guide.

  The changes to the Internal Revenue Code (I.R.C.) for 2019 are certainly less extensive than the ones made for 2018. Nevertheless, some significant alterations and adjustments to the I.R.C. are evident this year. This guide reviews the 2019 adjustments to the Internal Revenue Code and more:   Tax season deadlines Key tax changes &…

Copy of New Records and Changes (36)

Other Tax Interesting Developments-2019

Other Tax Interesting Developments   1) The new 1040 form is the size of a (very large) postcard. Measuring 5″ x 7.5″, it is two-sided. In tandem with the new 1040, taxpayers may need to use up to six new schedules (named Schedule 1, 2, 3, 4, 5, and 6) and/or the traditional “alphabet” schedules to…

Copy of New Records and Changes (35)

Social Security & Medicare Changes-2019

Social Security & Medicare Changes   1) Social Security recipients get 2.8% more in retirement benefits. This is a COLA in response to inflation and represents the largest annual increase to Social Security payments in seven years. It means that the average monthly Social Security payment will be $1,461 during 2019. The maximum possible payment for…

New Records and Changes (26)

Hiring Surge Brings Good New in February

  In this week’s recap: a hiring surge, a noteworthy remark from Jerome Powell, a dip for a respected household confidence index, and gains on Wall Street. Weekly Economic Update   February BEGINS WITH SOME EXCELLENT ECONOMIC DATA Payrolls swelled with 304,000 net new jobs last month, according to the Department of Labor’s February employment…

Copy of New Records and Changes (22)

Atlanta, How do You Stay Out of Debt Once You Get Out of Debt?

As you reduce your liabilities, embrace the behaviors that may improve your balance sheet.     Paying off a major debt produces a sense of relief. You can celebrate a financial milestone; you can “pay yourself first” to greater degree and direct more money toward your dreams and your financial future rather than your creditors.  …

Copy of New Records and Changes (24)

Your Tax Help-Should You File Jointly, Or Not?

For many married couples, filing jointly is a good idea, but there are exceptions.   Ninety-five percent of married couples file joint federal tax returns. Filing jointly can be convenient. Frequently, there’s a financial advantage, but that does not mean it should be done without consideration.1   Years ago, there was less incentive to file…

Share This