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Woodcock & Associates Gets Dirty on CPA Day of Service

Mon, Sep 25th 2017
Gathering with anticipation in the warming morning sun, our team prepared to lend a hand in helping Habitat for Humanity prepare another dream come true.  The website proclaims, “No previous experience is necessary, just a willing heart,” and that described our team pretty well.  The late September weather has warmed up after the temporary lull in temperatures and this day was no exception. As we gathered outside the split level ranch in the quiet Chancellor Green neighborhood, we were joined... Read More »

Six Steps You Can Take to Protect Yourself from Fraud

Mon, Sep 18th 2017
Data breaches aren’t surprising these days. The differences with the recent Equifax breach was the volume of consumers exposed, the type of information stolen and the company’s poor handling of the situation afterward. The massive Equifax breach earlier this year left approximately 143 million people’s personal information exposed and vulnerable. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. This means that... Read More »

The Many Benefits of Delaying Retirement

Mon, Sep 11th 2017
Traditionally, retirement was short and peaceful. People worked jobs that were hard on the body – such as farming, manufacturing, tradesmen or railroad workers. If you made it to retirement, you were relieved to have the chance to wind down your days in restful repose. That all changed in the latter part of the 20th century. Retirees began to take advantage of affordable travel opportunities enabled by cars that could drive great distances and highways that could accommodate them, as well as... Read More »

Is Selling a Product or Service More Effective than Selling an Experience?

Tue, Sep 5th 2017
With the advent of the Internet, and especially social media, the difference between marketing a product or service to customers versus creating an experience can be a long-term challenge for business owners. Defining Customer Experience Versus Product/Service Focus When focusing on the product or service alone, it can often encapsulate a single touchpoint where a customer learns about the product or service through a sales call or product advertisement. In contrast, through near-instantaneous... Read More »

Eye on Retirement Series 4 - Reviewing Non­Spouse IRA Beneficiary Rules

Mon, Aug 28th 2017
At the end of last year, Congress was considering tying up a tax revenue loophole known as the Stretch IRA. Currently, a traditional IRA can be passed from one generation to the next, thereby extending tax-deferred growth to a non-spousal beneficiary. In recent months, Congress has been distracted by budget bills and healthcare legislation; but as Congress turns its attention to tax reform in the coming months, this loophole could be on the table again. Currently, when a spouse inherits an IRA... Read More »