As 2025 comes to a close, many economic trends have reminded us of key financial fundamentals. From inflation’s lasting effects to rising health care costs, this year underscored the importance of thoughtful planning and steady decision-making.
Here are some of the biggest financial takeaways from 2025 to keep in mind as you plan for the year ahead:
Read MoreIn the early stages of running a business, once-a-year tax preparation may be sufficient. But as your business matures, your financial picture becomes more layered-often in ways traditional tax prep is not equipped to handle.
At Palm Beach Accounting and Financial Services, we often meet entrepreneurs who believe their taxes are "taken care of" simply because they've been filed on time. But filing is not the same as optimizing.
Read MoreFixed, variable and indexed annuities each function differently, which makes timing and strategy important. Year-end is a good opportunity to review these choices and consider whether they align with your broader retirement plan.
Here are a few things to consider if you’re contemplating annuities as the year comes to an end:
Read MoreThe FBI’s Internet Crime Complaint Center received more than 20,000 reports of identity theft in 2024. Scammers are going to continue looking for creative ways to steal and leverage your personal information.
Here’s how to recognize when your identity may be compromised and how to protect yourself, undo any damage done to your credit, and regain control.
Read MoreTax season begins in January, but the steps you take before the end of the year could eliminate any potential surprises and reduce your bill.
From maximizing deductions to reducing liabilities, here are six year-end moves that could put you in a better position when you file.
Read MoreIRS income limits block direct contributions for higher earners. In 2025, single filers with a modified adjusted gross income (MAGI) above $150,000 (and joint filers above $236,000) can’t contribute directly.
But high-income earners aren’t totally locked out. It’s possible to leverage a backdoor Roth IRA to work around these income limits.
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