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HHL Group, Inc. Newsletter for August, 30, 2016

 


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  HHL Group, Inc.’s News

Kids heading to college can lead you into some treacherous financial rapids and prompt some severe headaches. First you must keep in mind whether there are tax implications if your kids receive financial aid. The video explains some of those tax issues. The article delves into complexities of filing for financial aid as well as a key planning issue that relates to assets in your child’s name.

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  Timely Opportunities

As the summer winds down, consider revising your financial planning strategies based on changes in your personal circumstances, market conditions and tax laws. If you procrastinate, financial planning is likely to fall by the wayside during the hectic holiday season, possibly causing you to lose out on tax-saving and wealth-building opportunities. Here are some retirement and estate planning considerations that may be worthwhile for certain taxpayers.

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  Personal Finance

You’ve heard financial experts extol the virtues of diversification – spreading your portfolio over many different investments. But while this theory sounds deceptively simple, proper diversification is actually fairly complicated. Here are some of the mistakes investors make, along with some pointers to help devise an overall diversification scheme to meet your objectives.

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  Tax Planning

Donating valuable artwork to a public tax-exempt organization can get you a nice tax deduction. But the rules surrounding those deductions are complex and can be confusing. That’s why, before you donate a valuable work of art, you need to sit down with your trusted tax adviser to find out what’s allowed.

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  Insurance

Are you covered if you’re involved in an accident with an uninsured motorist?  Depending on the state you live in, you may be required to carry this type of insurance. Whether or not it’s required, it makes sense to add this coverage to your own policy. Here’s a little review of information you need to know about uninsured motorist insurance.

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  Latest Headlines
EU demands Apple pay Ireland up to 13 billion euros in tax
Reuters.com – Tue, 30 Aug 2016 10:41:14 -0400 
Mitsubishi says overstated mileage for more vehicle models
Reuters.com – Tue, 30 Aug 2016 09:44:10 -0400 
Wall Street flat as investors look for clues on rates
Reuters.com – Tue, 30 Aug 2016 10:47:23 -0400 
Agrium, Potash Corp in merger talks- Bloomberg
Reuters.com – Tue, 30 Aug 2016 10:42:14 -0400 
Fed’s Fischer says U.S. job market ‘very close’ to full strength
Reuters.com – Tue, 30 Aug 2016 07:07:35 -0400 
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  Disclaimer of Liability
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

 

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