McMahon - Veltus , S.C.
Certified Public Accountants
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info@mcmahonveltus.com
Business Owner
Articles
Benefits and retirement plans
Benefit plans for small businesses
Group health insurance: a valued employee benefit
Retirement plans for small businesses
Understanding individual 401(k) plans
Insuring a business
Business interruption insurance
Income tax tips: business insurance
Properly insuring your business
Starting a business
Advantages and disadvantages of self-employment
Choosing an entity for your business
Record keeping for your own business
Starting or buying a business
Transferring or selling a business
Funding a buy-sell agreement with life insurance
Transferring your family business
Decision Tools
Benefits and retirement plans
Building a retirement plan for your business
Individual 401(k) Illustration
Business planning basics
Net worth calculator
Choosing an entity
Choosing a business entity
How C Corporations, Limited Liability Companies, and Limited Liability Partnerships Protect Personal Assets
Tax planning
Accelerating deductions/postponing income
Accelerating income/postponing deductions
Transferring or selling a business
Business succession planning alternatives
Buy-sell planning questionnaire
FAQs
Advertising a business
How do I know where to advertise my business?
What is the best form of advertising?
Employee benefits and other issues
How can I boost the morale of my employees without incurring huge expenses?
What benefits should I offer to my employees?
Incorporating a business
Can I change my business from a C corporation to an S corporation?
Can I change my business from an S corporation to a C corporation?
Should I incorporate my business?
Starting a business
Don't most small businesses fail?
Should I buy an existing business or start from scratch?
Valuing a business
How can I determine what my business is worth for estate and gift tax purposes?
Education Planning
Articles
529 plans
529 plans vs. other college savings options
Education planning basics
The best ways to save for college
Decision Tools
Financial aid
College application and financial aid calendar
Comparison of federal higher education loans
Financial aid calendar
Estate Planning
Decision Tools
Estate planning basics
529 Plan Federal estate tax calculator
Federal estate tax estimator
Steps to estate planning success
Table of federal estate tax brackets and exemption limits
Life insurance
Life insurance needs analyzer
Probate
The probate process: 3 to 9 months after death
The probate process: 9 to 12 months after death
The probate process: initial tasks
Trusts
Advantages of trusts
How an irrevocable trust protects assets
Government Benefits
Articles
Medicare and Medicaid
Medicaid and nursing home care
Medicaid planning basics
Medicare
Social Security
Social Security retirement benefits
Understanding Social Security
FAQs
Social Security
Are my Social Security benefits subject to income tax?
How can I get an estimate of my Social Security benefits?
My husband and I are divorcing after 30 years of marriage. Will I still be able to receive Social Security retirement benefits based on his earnings record after our divorce?
Should I retire now at age 62 and collect Social Security benefits, or should I wait until age 65?
Personal Finance
Articles
Managing credit and debt
Choosing a credit card
Contemplating bankruptcy
Debt consolidation
Understanding your credit report
Decision Tools
Saving, spending, and borrowing
Credit cards--advantages vs. disadvantages
Deciding which credit card to get
Net worth calculator
Personal cash flow worksheet
FAQs
Buying a home
How much house can I afford?
How much money do I have to put down to buy a house?
We just bought our first home. What can we deduct from the settlement statement?
Retirement Planning
Articles
Saving for retirement
Annuities and retirement planning
Deciding what to do with your 401(k) plan when you change jobs
Estimating your retirement income needs
Retirement planning--the basics
Decision Tools
401(k) plans
401(k) plans
Individual 401(k) Illustration
Should you save in a 401(k) or a Roth IRA?
Special Situations
Articles
Career planning
Evaluating a job offer
Evaluating an early retirement offer
Health insurance and COBRA: sometimes you can take it with you
Receiving unemployment benefits
Loss of a spouse
Organizing your finances when your spouse has died
Marriage
Establishing a budget
Raising a family
How much life insurance do you need?
Saving for retirement and a child's education at the same time
The best ways to save for college
When your child has special needs
Sudden wealth
Sudden wealth
Tax Planning
Articles
General tax planning
Help! I can't pay my tax bill
Income tax planning and 529 plans
Taxation of investments
Year-end tax planning
FAQs
Tax credits
Now that my child is in college, am I entitled to any education tax credits?
What are the Hope credit and the Lifetime Learning credit?
What is the child tax credit?
What is the difference between the child tax credit and the child and dependent care tax credit?
Tax deductions
I refinanced my principal home last year and paid points. What are points, and can I deduct them on my tax return?
If I prepay next year's taxes this year, can I deduct them this year?
My spouse and I are filing separate returns. Can we both itemize our deductions? If so, how do we split the deductions?
We just bought our first home. What can we deduct from the settlement statement?
Taxes and home ownership
How do I figure the tax on the sale of my home?
I rent my home out for two weeks each year. Do I have to show this rental income on my federal income tax return?