mugforddibellallc.com RSS Feed https://mugforddibellallc.com/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 13 Oct 2021 09:00:00 -0500 Wed, 13 Oct 2021 09:00:00 -0500 Mugford & DiBella Expands with Acquisition https://www.mugforddibellallc.com/blog.php?id=9 Mugford & DiBella, LLC, is pleased to announce the expansion of its tax, accounting, and advisory services to business clients through a recent acquisition agreement with Fasulo & Albini CPAs, in Plantsville. Wed, 13 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/blog.php?id=9 Small Business: Tips for Ensuring Financial Success https://www.mugforddibellallc.com/blog.php?id=7 Every business owner knows you need to make numerous adjustments along the way. So, how do you handle the array of questions facing you? One way is through cost accounting. Thu, 07 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/blog.php?id=7 Defer Capital Gains Using Like-Kind Exchanges https://www.mugforddibellallc.com/blog.php?id=8 Named after Section 1031 of the tax code, a like-kind exchange generally applies to real estate and was designed for people who wanted to exchange properties of equal value. Thu, 07 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/blog.php?id=8 Use These Strategies to Pass on Wealth to Heirs https://www.mugforddibellallc.com/blog.php?id=6 Individuals with significant assets should take advantage of proven tax strategies such as gifting and direct payments to educational institutions to transfer wealth to heirs tax-free, as well as minimize estate taxes. Fri, 01 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/blog.php?id=6 Use These Strategies To Pass on Wealth to Heirs https://www.mugforddibellallc.com/newsletter.php#4 Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#4 Small Business: Tips for Ensuring Financial Success https://www.mugforddibellallc.com/newsletter.php#2 Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#2 Marginal vs. Effective Tax Rates https://www.mugforddibellallc.com/newsletter.php#1 Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#1 If You Receive an IRS Letter or Notice https://www.mugforddibellallc.com/newsletter.php#5 The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#5 Defer Capital Gains Using Like-Kind Exchanges https://www.mugforddibellallc.com/newsletter.php#3 If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#3 Tax Relief for Those Affected by Natural Disasters https://www.mugforddibellallc.com/blog.php?id=4 Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left wondering how they're going to pay for the cleanup or when their businesses will be able to reopen. The good news is that there is relief for taxpayers - but only if you meet certain conditions. Let's take a look. Wed, 15 Sep 2021 09:00:00 -0500 https://www.mugforddibellallc.com/blog.php?id=4 About the 2021 Advance Child Tax Credit Payments https://www.mugforddibellallc.com/blog.php?id=5 The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here's what families need to know. Wed, 15 Sep 2021 09:00:00 -0500 https://www.mugforddibellallc.com/blog.php?id=5 What Is a Designated Roth Account? https://www.mugforddibellallc.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.mugforddibellallc.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.mugforddibellallc.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.mugforddibellallc.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.mugforddibellallc.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mugforddibellallc.com/newsletter.php#3