New 30-Year Amortizations for Insured Mortgages
Effective August 1, 2024, the government will allow 30-year mortgage amortizations for first-time homeowners who purchase newly built homes. For existing mortgage holders who meet specific criteria, “permanent amortization relief” will be available to extend repayment periods for as long as they need to get to the number they can afford to pay monthly. It’s an extension from the 25-year mortgage amortizations previously allowed. However, this isn’t for everyone… there is a significant risk to lifetime wealth creation and must be managed with an eye to interest rates and payment terms to reduce the non-deductible interest costs.Tax Expert Cheryl Norton Strategizes With the $800,000 Capital Gains Deduction at DAC
Cheryl Norton brings her expertise on tax-efficient business exits to the 2014 Distinguished Advisor Conference as part of Tax Planning for the BIG Exit: Thinking Big With the $800,000 Capital Gains Deduction.
Bull or No Bull: Can You Tell?
In Managing the Bull, sophisticated (and common sense) insider financial strategies and processes are made easy to understand in a compelling and fun approach.
Become More Astute In Payroll Compliance
Can you manage the entire payroll cycle? Can you increase the after-tax results for employees? Find out how with the newly updated Advanced Payroll course.
Build Your Business. Train Your Staff. Attract New Customers.
Want to open your own tax preparation or bookkeeping business? Need to train your staff? Become a Distinguished Financial Advisor – receive 50% off your first designation course!
Employment Insurance Should Not Be Subject to Clawback
Of the 216 votes in our June 2014, 65% of KBR voters strongly voiced their opinion in our against employment insurance being subject to a clawback on the tax return.
Seniors Get a Raise
Old Age Security and the Guaranteed Income Supplement are indexed quarterly based on changes to the consumer price index. As of July 2014, the amounts are increased by 1.28%.
