December 1, 2020
Congratulations, we’ve made it through 2020! We’ve proven to ourselves that we’re disciplined and strong! And we appreciate even more what our family and friends mean to us! Does that mean we don’t need to make resolutions this year? Maybe. But it’s always good to have a goal. So, if there’s nothing to resolve for yourself, why not direct your resolutions outward for 2021?
It feels good to do something nice for someone; even science tells us so. A study published in the journal Nature Communications asked participants to spend money on either themselves or others over a four-week period. The group that spent money on others reported feeling happier than the control group that spent money on themselves, no matter how much or how little they spent. And that generous feeling continued to influence the decisions they made for subsequent tasks in the study.
We’re not suggesting you go out and spend money on random people, of course (unless you want to). In fact, you don’t need to spend any money; you can do nice things for your family, friends and community that take little money, not much time and allow you to maintain social distance when needed. Here are some ideas:
While it’s important to be kind to yourself, make the extra effort in 2021 to look outward and take care of those around you as well. Here’s to a better and brighter new year!
What do accountants do with themselves after tax season? Actually, the same thing they do during busy season: They work hard for their clients. The only difference is that instead of cranking out tax returns, they help clients work through other aspects of their financial health—including issues revealed during the yearly tax return process.
The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit.
Spend it? Save it? Invest it? Share it? Here are a few ideas for putting your tax refund to work for you: