You Like To Stay Up To Date, We Like To Inform. We'll Make a Great Team.

At Nakowicz Financial, we have always believed that a well informed client is the best type of client. Follow along with our blog to stay up to date and get answers to common questions we run into. 

Make Someone Happy Today!

In this business, we definitely try to make everyone happy. Today we made a small business and family extremely happy. They had an emergency and needed three years of returns prepared in a couple of days. I stayed late and got them done and ready for pickup. What they didn't know is I found a credit they had no idea they were eligible for. They walked away happy and with a great start to their...

What happens at NakFin when you owe money.

Unfortunately, some taxpayers need to owe tax as a result of their annual filing. But they do not always receive an answer that leaves them satisfied that they got every deduction and credit they deserve. Last week we had a client with an unexpected amount due. We brought up last year's return and this year's return side-by-side and compared the what and how. We uncovered they she had attended a...

7 Reasons You May Have Outgrown the Services of a Big Name Tax Chains

Tax season is already starting and you’ve probably started seeing tax return chains popping up in strip malls already. They’re practically ready with a Drive-Thru window and the big tax shops may seem like your only option, but is their fast-food system the best place to take YOUR tax return? Big steps in life, like buying your first home, make your tax return increasingly complex. Those...

Tax Checklist – Organize Your Tax Season

We all know the importance of being prepared when it comes to tax season. With the Tax System becoming more and more complicated with each year, many taxpayers feel they are missing more deductions and credits. Every year I get asked the same questions, “Mike, am I missing something on my taxes and have I gathered up everything for you properly?”   Please bring the following information to your...

A Thought…

Have you thought about your taxes in non-tax season? Do you think you will owe more this year? Or possibly you had a big change in income. If you haven't thought about your taxes and you feel uneasy that something might happen maybe it's time for tax planning. Book an appointment online: Book Online or call.

Spring 16 Newletter – Top 3 Retirement Concerns

1.) How do I deal with the significant shift in my daily activities? While we are working we often find ourselves dreaming about traveling and relaxing all day during retirement. The reality is as we get closer to retirement the panic sets in, “What will I do with all this free time?” We often forget how much our identity is tied to our work lives. Working is also a significant part of our daily...

Spring 16 Newsletter – From the Grandparents

Most Grandparents out there would agree that just being one is the best! We are blessed with three grandchildren Harrison turned 5 in May, Finn turned 2 in March, and Avery will be 1 in June.  We feel joy each day with stories and fun times spent with each. After a busy tax season without much family time, Mike enjoyed time at Wolf Lodge in Massachusetts.  Harrison is becoming an expert with the...

Spring 16 Newsletter – Tax Letters and Notices

Over the last few years, Congress has been shrinking IRS staffing through budget cuts. To further this shrinking, IRS employees will not be replenished after any of the staff leaves for retirement. With  these types of initiatives, the IRS has been relying on their computer systems to check your return. With that, there is usually no human interaction with the normal e-filed return.  Not to...

5 Reasons To Not Use Self-Prepare Tax Software

5 Reasons To Not Use Self-Prepare Tax Software. Self-prepare software is a nice, convenient and a cheap solution for the yearly return. I don’t want to really get into the fact that it should only be used on very simple returns. When you acquire assets such as a home and/or investments and even when you have children you really should migrate your yearly preparation to a professional. Someone...

5 Reasons To Never Use A “Stripmall” Tax Office Again.

5 Reasons To Never Use A “Stripmall” Tax Office Again. As disclosure, we are a team of professionally designated and trained tax advisors, who are continually re-educating ourselves on new tax codes (which change practically every year). Every year, we are always saddened by the issues that get reported with using “stripmall” style tax preparers. From returns not transmitted to missing...