About Amit Patel

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So far Amit Patel has created 146 blog entries.

The IRS and an Irrevocable Trust: What You Need to Know

2023-09-04T21:09:55-04:00September 11th, 2023|

If you’re finalizing estate plans, consider an irrevocable trust. Whether you’re familiar with the concept or not, irrevocable trusts are powerful financial tools. Irrevocable trusts provide asset protection that the creator cannot change or revoke. So, depending on a participant’s financial situation, the outcome of these accounts can be wildly beneficial. But, given how confusing [...]

Medical Expenses and Your Taxes: A Complete Guide

2023-09-04T20:41:47-04:00August 28th, 2023|

Do you have out-of-pocket medical expenses? If you’re looking for ways to lower your tax bill, consider claiming medical expenses on your return. That’s because the IRS allows for unreimbursed medical bills to be deducted at the end of the year. But, to do this, the IRS sets out specific guidelines that need to be [...]

5 Reasons You Need to Think About Your 2024 Tax Returns Now

2023-09-04T20:41:27-04:00August 14th, 2023|

Have you started thinking about your 2024 tax return? 2024 might seem like it’s far away, but it’s not when it comes to taxes. That’s because, planning ahead is critical to ensure you are receiving the most from your return since you’ll be better able to strategize investments, estimate payments, organize paperwork, and account for [...]

How QuickBooks can Transform Your Business

2023-07-21T11:01:57-04:00July 24th, 2023|

Stop struggling to manage paperwork. As one of the most popular and powerful business tools, QuickBooks can revolutionize the way a business is run. That’s because this easy-to-use accounting software makes keeping track of income and expenses easy. At A.P. Accounting & Tax Services, we encourage small business owners to take advantage of this tool. [...]

4 Ways to Save Money on Your Taxes in 2024

2023-07-05T16:47:59-04:00July 10th, 2023|

Surprised by how much you owe this year? If your tax bill is high, it’s time to start prepping to lower it. Things like boosting your retirement savings, making use of government tax incentives, and opening flexible savings accounts can result in significant tax savings. So, stop struggling to pay back the IRS and begin [...]

Estate Planning Isn’t Complete Without These 4 Things

2023-07-05T16:39:48-04:00June 26th, 2023|

Estate planning can be overwhelming. Estate planning is a way for people to protect their assets, and ensure their wishes are carried out after their gone and that their loved ones are provided for. But, with all the details that need to be arranged, there are often things that get overlooked. That’s why we’ve outlined [...]

Elder Care Services that Could Benefit You

2023-06-06T11:44:15-04:00June 12th, 2023|

Do you know how much elder care services cost? Whether your golden years consist of retirement, travel, family, or friends your estate and care needs should be considered too. Otherwise, without the right financial plan, the care and medical support you’d need could be out of reach. Things like in-home care, nurses, assisted living facilities, [...]

Is a Financial Planner Right for Me?

2023-05-15T19:01:51-04:00May 22nd, 2023|

Stop struggling to manage your money. Do you struggle to keep up with expenses or find yourself stressed thinking about things like budgets, savings, and taxes? If you answered ‘yes’ to these questions then it might be time for you to get a financial planner. A financial planner can provide a customized solution to your [...]

5 Financial Things to Consider About Post-Secondary Education

2023-05-15T18:29:17-04:00May 8th, 2023|

Is post-secondary education really worth the cost? One of the most important things to consider when it comes to post-secondary education is what it will cost. Of course, there is tuition to worry about but things like housing, textbooks, transportation and food all drive up monthly expenses. For those that are not prepared for these [...]

IRA’s: The Ultimate Guide to Understanding

2023-04-17T12:33:45-04:00April 24th, 2023|

IRAs can be a great way to save for the future. It’s no surprise that IRAs are a popular investment option. After all, they provide a tax-advantaged investment plan that can reduce yearly tax bills. But, signing up for one without reading the fine print regarding its limitations and rules could mean you using it [...]

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