To LLC or Not?
Perhaps the most common question we get by clients starting [...]
Beware of the ERC
The Employee Retention Credit (ERC) is a COVID response [...]
Withholding is NOT Your Tax
One of the most commonly misunderstood issues that our [...]
RMD Changes
The SECURE ACT 2.0 was signed into law in [...]
Happy Holidays
Another year over, and a new one almost begun–happy holidays [...]
I Bonds
As we've all no doubt noticed, inflation has reared it's [...]
Happy 2022!
I hope all reading had a great holiday season and [...]
Happy Holidays from The Woods Financial Services Team!
Happy holidays to you and yours! As 2021 closes [...]
Year End Tax Planning and Possible SALT Legislation
November is the time of year when we are busy [...]
ROTH IRAs-To Convert or Not?
ROTH IRAs and conversions from Traditional IRAs have been getting a lot of press recently. This discussion has clearly piqued the interest of our clients, as we have received many questions about the process and tax implications. This interest is exacerbated by pending legislation likely to curtail common strategies employed with ROTHs. Here are my thoughts on the current and possible state of ROTHs.