Recent Tools & Tips

EY Tax Guide 2014

When I need a quick answer to a fairly routine tax question, my go-to resource is the EY Tax Guide 2014, published by the accounting/consulting firm Ernst & Young.

This inexpensive and easy to read tax reference is perfect for practitioners and laypeople alike. It’s written in plain English, always a big plus for a tax reference. The index is especially well done, which makes looking up any topic a breeze. Examples of how rules work are provided for extra clarity, and, as the name implies, it is updated each year to stay current with the ever-changing tax laws.

While it won’t substitute for the services of an accountant when you’ve got a complex situation, this is a great place to start when you’ve got a run-of-the-mill tax question.

I’ve used it recently to help clients figure out whether an expense was tax-deductible as a business expense, as well as whether they qualify for a Roth IRA.

Recent Tools & Tips

Keep Moving: Notes on Loss, Creativity and Change — A Review

In Keep Moving, Maggie Smith collects inspirational quotes and short essays to help people going through difficult times.

The 5 Love Languages — A Review

The 5 Love Languages helps committed partners better understand, and love, each other.

Social Media Gives New Meaning to Emotional Contagion

Emotional Contagion, first published in 1994 has new relevance, given the rise of social media.

New Uses for 529 Savings Accounts

Recent tax law changes have expanded the uses for 529 savings accounts.