Tax Alternative Group LLC can help you with all your tax service needs

 

Call Us Today For An Appointment -- 845-242-2151

 

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Personal Strategy Notes

Date 09/26/2017

One Example of Simple Tax Planning

Too many folks wait until the winter before they look at their tax obligations. Even worse, too many even among our clients wait until that season before they speak with us in any kind of proactive way.That's a problem, and it could be costing you some serious savings....Read More

Posted by Patrick O'Hara

Date 09/17/2017

What Do I Need For My 2017 Taxes

I've put together a simple primer, similar to what I've sent in years past, on what you should be pulling together by the end of the year. But the BEST way to be prepared is to have a customized conversation now about installing a proactive strategy to minimize your specific tax burden ....Read More

Posted by Patrick O'Hara

Date 09/12/2017

A True Friend

In fact, there's so much information in the above, that instead of my normal tips for managing your finances and household, I thought I'd leave you with a story. It's one of those "old yarns", and it's a little cheesy ... but I thought it fitting for this week.....Read More

Posted by Patrick O'Hara

Date 09/06/2017

Should You Sacrifice Your Retirement for Your Children's College Education?

We can be so complacent about the security of our daily existence, that an event like this seems unrealistic. But, we're getting continued reminders, every year, of how fragile our modern world truly can be.  But that doesn't mean you have to panic. With a few basic points of preparation, you and your family could be vastly more prepared than your neighbors, even giving you the opportunity to be ones who can support and assist your neighbors, rather than have to "ask" for support....Read More

Posted by Patrick O'Hara

Date 08/22/2017

How To Prepare Your Family For Disaster

We can be so complacent about the security of our daily existence, that an event like this seems unrealistic. But, we're getting continued reminders, every year, of how fragile our modern world truly can be.  But that doesn't mean you have to panic. With a few basic points of preparation, you and your family could be vastly more prepared than your neighbors, even giving you the opportunity to be ones who can support and assist your neighbors, rather than have to "ask" for support....Read More

Posted by Patrick O'Hara

Date 08/07/2017

How To Build a Better Personal Network

If you want to succeed in your career (or in life in general), then meeting people who've already succeeded before you is going to be a huge help. In fact, this could be the sole difference between success and failure. But how do you network effectively?...Read More

Posted by Patrick O'Hara

Date 07/31/2017

Irreplaceable Knowledge

In the realm of tax planning, and of preparing your tax return, I urge you... do NOT fall prey to the thinking that a software program or forms downloaded from the internet can suffice to enable you to preserve your resources, or properly leverage the multiplicity of credits, legal and ethical loopholes and deductions available...Read More

Posted by Patrick O'Hara

Date 07/24/2017

Checking Your Finances Against Your Heart

The goal here is that we would train our hearts to more clearly align with good stewardship and wisdom, when sometimes we aren't used to practicing it.  Here are some ideas that might stir your thinking...Read More

Posted by Patrick O'Hara

Date 07/17/2017

Mid-Year Tax Planning

The tax return preparation process is always a "historical" look at what happened during the year ... whereas DURING the year, there are always things we can do to "write" history, so to speak.  What I will advise you on now is "quick and dirty" tax planning for wage earners. There's usually much more that can be done, even if you don't have complicated investments or business ownership. That's worth a conversation (so call or email our office!). But here's a good place to start......Read More

Posted by Patrick O'Hara

Date 07/10/2017

Smart Planning For Financial Independence

Reaching financial independence isn't always easy. It takes time and work. You cannot accomplish your goal of achieving it by wishing. It takes doing. It takes being committed and absolutely determined to act.  One way you can act now, is to take a look at your personal expenses. Here's some tips to cut them...Read More

Posted by Patrick O'Hara

Date 07/03/2017

Yes, Financial Independence Is Possible

Time was, families used to be dealing with elderly parents, young children ... and everything in between, all in one house! This is less common now, and as a result, many families are actually unprepared for how to handle it -- simply because models are much less plentiful.  The reason I highlight it now, is that we can help -- whether with specific practical assistance, or even just dispassionate advice. You might know somebody in this situation -- or you could be dealing with it yourself....Read More

Posted by Patrick O'Hara

Date 06/27/2017

Financial Advice for Multi-Generational Caretaking

Time was, families used to be dealing with elderly parents, young children ... and everything in between, all in one house! This is less common now, and as a result, many families are actually unprepared for how to handle it -- simply because models are much less plentiful.  The reason I highlight it now, is that we can help -- whether with specific practical assistance, or even just dispassionate advice. You might know somebody in this situation -- or you could be dealing with it yourself....Read More

Posted by Patrick O'Hara

Date 06/13/2017

Eliminating Worry

For many people, worrying about things can become more vexing than the original problem they were grappling with...Read More

Posted by Patrick O'Hara

Date 06/05/2017

Six Good Reasons Everyone Should Have An Estate Plan

Many well-meaning (and very loving) parents haven't yet established an estate plan. That is a sad reality.  Yes, perhaps they've downloaded a fill-in-the-blank will from a software service, but unfortunately, with many situations, these don't cover every important component of your wishes...Read More

Posted by Patrick O'Hara

Date 05/30/2017

Millennials: How To Win In The Workplace 

You're young and ambitious, a perfect representative of the millennial generation. Your energy may take you far, but fair or not, you've got to prove yourself to your boss and your colleagues. So, as someone who has been doing this for a little bit longer perhaps, here are some pointers on how to earn their respect...Read More

Posted by Patrick O'Hara

Date 05/24/2017

Ohara's Guide To Keeping Records

This is a guide I send out every so often, because even in the days of cloud-document storage, it's important to have hard copies lying around -- in a safe place, of course. If you don't have a full safe, these are the sort of documents for which you may want to invest in a fire safe, at least.  But here is what you should consider for how long to keep them ... and which ones you can safely trash....Read More

Posted by Patrick O'Hara

 

Date 05/16/2017

Thinking Clearly About Your Future

You'd probably be surprised if you sat in on some of the meetings I have with some of my other tax planning and preparation clients.  This is by no means the majority of my clients, but there is certainly a good subset of people who have piled away a ton of financial resources ... but who are bored, tired and a little numb.  They haven't taken the time to dream. And, more importantly, they haven't put concrete plan to whatever dreams they might have had in earlier days. They're dragged around by their nose by whatever circumstance comes their way...Read More

Posted by Patrick O'Hara

 

Date 04/18/2017

3.5 Months of Labor

Because according to the most recent report on the matter, issued by the General Accounting Office, taxpayers overpay the IRS over $1 billion every year due to incorrect itemization and preparation.
 What's worse is that those who prepared their own taxes (with a software or on their own) are the most vulnerable, according to the report. But did you also know that taxpayers who used one of the "big chain" preparers are almost as bad off?...Read More

Posted by Patrick O'Hara

 

Date 04/11/2017

Extensions and 'Unable To Pay Taxes Due'

An "Extension of Time to File" is not an "Extension of Time to Pay", unfortunately. The Extension simply gives you an automatic six months of additional time to get your paperwork together and file that return. But, if you owe more than what you paid with your estimate, you'll be accumulating penalties and interest on the difference...Read More

Posted by Patrick O'Hara

 

Date 03/28/2017

Conquering Procrastination

"I can't have been procrastinating.  I've been really busy!"  But that's the point: when we're busy, we can easily trick ourselves into thinking that all of that activity means we're not procrastinating...Read More

Posted by Patrick O'Hara

  

Date 03/21/2017

4 Very Common IRA Mistakes

Setting up an IRA for your retirement is almost always a good investment, but it's not always a simple process...Read More

Posted by Patrick O'Hara

  

Date 03/07/2017

Documents You Need For Tax Preparations 2017

With the increased penalties associated with the ACA in 2017, and all of the other changes every year, filing your taxes on your own is not for the faint of heart...Read More

Posted by Patrick O'Hara

 

Date 02/21/2017

Top 12 Related Tax Scams of 2017

Scammers are creative ... but not THAT creative. As I mentioned, this list is similar to the one from last year,  but knowing what to look out for is only the first step. After I describe these, I'll give you a quick rundown on how...Read More

Posted by Patrick O'Hara

 

Date 02/13/2017

Add Estate Planning To Your Tax Preparation

Most of us spend a considerable amount of time and energy in our lives working for our families and accumulating wealth. But unless you're careful, much of it could go to waste...Read More


Posted by Patrick O'Hara

 

Date 02/06/2017

Great Love Gestures On A Budget

With Valentine's Day coming up (Tuesday the 14th), I thought I'd help my clients and friends make some romance magic, but do it in a way that saves them cash.Yes, America -- you can still be romantic on a budget...Read More

Posted by Patrick O'Hara

 

Date 01/30/2017

What To Look For In A Tax Professional

 Unfortunately, with the way that most tax professionals and CPA's present themselves to the world, it seems like we're all the same...Read More

Posted by Patrick O'Hara

 

Date 01/24/2017

Common Self-Preparation Tax Errors To Avoid

As all of your information is coming into your mailbox or being uploaded to your online accounts this month to prepare for your taxes, it can be tempting to forego the perceived "expense" of using a professional to help you save on your taxes for the year...Read More

Posted by Patrick O'Hara

  

Date 1/03/2017

Resolutions for Tax Season and Beyond in 2017

Posted by Patrick O'Hara

      

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