Tax Time Triumph: Babs Associates’ Proactive Approach to Income Taxes Tax season doesn’t have to be synonymous with stress. At Babs Associates, we’re rewriting the narrative with our proactive approach to income taxes. As the financial year comes to a close, our mission is clear – to transform tax time from a burden into…
Turn The Tables On Debt Collectors There’s no shame in owing someone money, but it doesn’t always feel that way when collectors bombard you with mail and phone calls. Here’s how to work with them without feeling powerless. If your phone is ringing off the hook with calls from debt collectors, it’s not likely that…
Year-End Financial Check-Up: How to Close Out Your Books for a Successful New Year Introduction: As the holiday season approaches and the calendar year winds down, focusing on celebrations and letting business responsibilities slide is easy. However, wrapping up your books at year-end is crucial for your company’s financial health. This year-end financial check-up…
Understanding and Preventing Tax Identity Theft: A Complete Guide Protect Your Tax Refund and Secure Your Personal Information from Scammers Learn how to protect yourself from tax identity theft, a crime where scammers use your Social Security number to steal your refund or work under your name. Follow these expert tips from Babs Associates to…
Protect Your Personal Information and Data The internet has been called the information superhighway. But with scammers, hackers, and other bad guys trying to steal your personal information online, it’s a good idea to know how to lock down your devices, network, and communication. That way, your passwords, Social Security number, or account numbers don’t…
Is the SALT Cap Increasing? How State & Local Tax Changes Affect Your Deductions Everything you need to know about the expanded SALT deduction cap and how it impacts your 2025 tax strategy. For years, the State and Local Tax (SALT) deduction cap has been one of the most debated provisions in U.S. tax law.…
Decoding the One Big Beautiful Bill: What It Means for Your Taxes in 2025 How the 2025 tax overhaul (OBBB / OBBBA) reshapes deductions, brackets, and planning strategies 2025 marks a pivotal year for U.S. taxpayers. With the passage of the One Big Beautiful Bill (also referred to as OBBB or OBBBA), Congress has…
One Good Reason to Review Your Estate Plans Now The 2017 TAX LAW DOUBLED the federal estate tax exemption to $22.36 million for couples and $11.18 million for individuals, shielding all but the wealthiest Americans from federal estate taxes. But that larger exemption (which also applies to gift and generation-skipping transfer taxes) expires in 2025,…
Responsible Growth: How Investors Are Making a Difference MAKING INVESTMENTS THAT MATCH people’s personal values has changed significantly over the past few decades. Early versions of “socially responsible” or “values-based” investing were primarily based on excluding specific investments that conflicted with an individual’s values (often at a potential cost in returns). But impact investing reflects…
The Right Way To Cancel A Credit Card You want to cancel your credit card. Before you pick up your scissors, know this: Canceling a credit card the right way involves more than simply snipping it in two. It requires you to follow specific steps to close the credit card account for good with…
Don’t let inflation or uncertainty stall your retirement plans. Contact Babs Associates today for a customized retirement savings strategy that helps you make the most of 2025 while preparing for what’s ahead.
