April 10, 2019

What a crazy tax season it has been with all the tax law changes.  We totally understand if you need an extra six month to get everything together (I know I do).  While the standard six-month tax extension allows you to file your tax return after the usual deadline, if you owe taxes, you have to pay them on time to avoid penalties. That means that if you don't pay your tax balance by the filing deadline (April 15), you'll get...

November 29, 2018

So, you think your 2018 tax refunds will be bigger and better with the new tax law? Hold up ...

The Tax Cuts and Jobs Act (TCJA) ushered in immediate tax relief for W-2 workers in the form of reduced withholding from paychecks. For the self-employed, we were excited about the prospect of a tax deduction of up to 20 percent of our earnings. On top of all of that, the standard deduction was nearly doubled. Surely we will pay less...

November 21, 2018

The holiday sales have already started. The Black Friday and Cyber Monday deals have started streaming in, bombarding your inbox with lots of tempting offers.

How do you survive the holidays without going into debt? According to the National Retail Federation survey results, "Consumers say they will spend an average of $1,007.24 during the holiday season this year." And that's just on other people. How can you resist buying a l...

July 31, 2018

QuickBooks is a complex platform and there's so much to know, which is why I was happy to contribute to FitSmallBusiness.com's piece on tips and tricks for utilizing QuickBooks for your small business or venture. Reach out to me if you have any questions!

--Brian Walls 

QuickBooks is a useful accounting software for small and medium-sized enterprises. Though it’s generally an easy program to use, there are many things you may no...

December 27, 2017

With the signing of the new tax legislation, everyone is scrambling to try to do some tax planning for the coming year. Starting in 2018, you will be limited to $10,000 in state and local tax deductions. This includes property taxes.  

So if you typically itemize your deductions, you might want to consider the following:

1.  Pre-pay your property taxes. Now, if you live in a co-op, that's going to be impossible. If you esc...

September 19, 2017

We are so about the numbers at Walls Financial and now that spring has sprung us from winter, it's time to think about transportation for the next several months. We thought it would be fun to take a look at the cost basis for using a Citi Bike versus other modes of city transportation. 

So here it is. 

Citi Bike Costs and Memberships - Daily, Monthly or Yearly 

Single Ride

$4 = 30 minutes + $4 per additional 15 minutes

$12 = $1 Ho...

September 1, 2017

Welcome to my guest blogger, Sue Baxter, who is a mortgage banker out of Connecticut. Thought her message would be of interest. 

- Brian 

When is your credit score irrelevant in buying or refinancing a home?

The only score that matters is the one your lender uses to determine your creditworthiness, not some random score you got on a website. There are websites all over the internet trying to get you to order a report and get your...

June 9, 2017

Finally tax season is over and we all survived! If you are receiving a refund, you should know how much to expect. You may be contemplating "what should I do with the money?" Thoughts such as those pair of shoes you saw at the mall last week or finally turning your living room into an at-home theatre may be coming to mind, but is that the best way to spend the money? Probably not. That refund is the perfect opportunity to inve...

May 12, 2017

I thought many of you would find this piece of interest. It really covers everything you need to know post rate hike. -- Brian Walls, Walls Financial Group

Article written by Gail MarksJarvis, Chicago Tribune 

The Federal Reserve raised interest rates by a quarter-point Wednesday in a widely expected move.

Although there have been two other quarter-point interest rate increases since the Great Recession, the rate tinkering h...

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Financial Planning for the Holidays

November 21, 2018

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