Personal Finance Tips - Herman & Co. CPA

Herman & Company CPA’s Serves Clients in Delray Beach With An Eye to the Future

As one of only seven states with no income tax, Florida presents unique benefits when it comes to preparing your taxes. Florida also has a variety of property tax exemptions that can reduce taxes for qualified taxpayers, as well as special exemptions for senior citizens, veterans, and the disabled. With a thorough understanding of financial…

Retirement Planning Means Peace of Mind in Boca Raton

Boca Raton offers beautiful beaches, world-class shopping, amazing restaurants and warm weather all year round, what’s not to love? That’s why, when thousands of Americans retire every year, many move to sunnier climates in Florida to enjoy the relaxation that comes with retirement. In a fluctuating economy, however, retirement planning doesn’t end on your last…

5 Tips For Holiday Shopping On A Budget

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! The holiday season is upon us! Avoid putting yourself in debt this holiday season by getting organized and developing a budget. Here are 5 tips for holiday shopping that will keep…

Premium Tax Credit: 3 ways to reduce the chance of owing taxes

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Taxpayer Advocate Service This past filing season saw some people owing money at tax time that they didn’t expect. Why? Because they didn’t provide an accurate income estimate to the Marketplace when…

Should filers be prodded to save tax refunds?

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate It’s that time of year when I — and other tax specialists — nag, I mean encourage, you to adjust your withholding so that you don’t get a big refund. Our argument…

Travel Taxes Can Add Up Quickly

If you’re planning to sneak in one more trip before the kids go back to school, you’d better budget for taxes. The combination of taxes on lodging, rental cars and airfare is a traveler’s trifecta, with the payoff going straight to state and local government treasuries, according to the National Center for Policy Analysis, or NCPA.…

Are you exempt from ACA coverage?

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate.com Millions of taxpayers have yet to file their 2014 federal tax returns. For a lot of folks, the issue is simple procrastination (guilty!). Others, however, have put off filing because of…

5 Financial Areas That May Need Some Spring Cleaning

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Forbes With the first day of spring right around the corner, this is often a time for much needed spring cleaning. That goes for your finances too! Here are some…

The First 5 Things You Should Do If (WHEN!) You Win The Lottery

When local Westchester resident Kevin Buchanan, a construction work from Yonkers, bought a $20 scratch off ticket on Christmas morning he wasn’t expecting to win $5 million dollars! Deciding to take the lump sum payment, Buchanan ended up taking home $3.2 million dollars. Merry Christmas to him! Buchanan has been very down to earth about…

IRS Offers Obamacare Penalty Relief

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Tax season is always a challenge. This year, things are ramped up a bit, thanks to 2015 being the first tax-filing season where we have to deal with Obamacare on…