Capital Advisory Group January 2020

3WAYS TO MAKE THE MOST OF YOUR 2020 TAXES Start 2020 Off Right

As we shared on the cover, a new year is a fresh start in terms of this tax period. With a little planning, you can go into it with a clear vision for what you want to get from your taxes. Here are three strategies to help you make the most of that opportunity.

of the wider eligibility rules for home office tax deductions. Beginning to categorize and keeping receipts filed away with this intent will make it easier when it comes time to file. Do you feel great about accomplishing all of these tasks knowing Capital Advisory Group is taking care of the tax strategy and preparation for your business and personal accounts? Let us know! We love working with you, and your referrals are greatly appreciated. Leave your review here at CapitalAdvisoryGrp.com , and tell your friends and family about us. Thank you for taking the time to share the great experience you’ve had!

TAKE A BREAK 1. REVIEWYOUR FINANCIAL PLANWITH YOUR ADVISOR. If last January was the last time you met with your advisor and reviewed your financial plan, it’s time to give them a call. This will help you see progress toward goals, like retirement, and talk over any goals or strategies you might want to rethink this year. 2. REVISIT CHANGES FROMTHE TAX REFORM. With lowered tax brackets as a result of federal tax reform, there’s a lot of potential

for implementing a strategy that sets you on a faster path toward your goals.This is part of longer term planning, too — think about how the tax changes will affect you 20 or 30 years down the road. 3. CONSIDER YOUR FILING OPTIONS, LIKE ITEMIZING YOUR DEDUCTIONS. It’s possible that a standard deduction is right for you, but you might also end up saving far more if you itemize, especially if you own a home or are self-employed. If you own your own business and have a home office, you can also take advantage

SIMPLE PANCAKES FROM SCRATCH

Ingredients

Directions

• 2 cups

1. Heat a griddle or skillet to medium-low. 2. In a mixing bowl, combine dry ingredients (including sugar if you like a sweeter pancake). In a separate bowl, beat eggs into milk. Gently stir the liquid ingredients into the dry ones. Mix only until flour is moistened. Clumps are fine. 3. Add some butter or oil to the skillet. If the butter foams or oil shimmers, the temperature is correct. Pour in a pancake of any size, cooking until bubbles form, about 2–4 minutes. 4. Flip and cook other side for 2–4 minutes. Serve warm.

all-purpose flour • 2 tsp baking powder • 1/4 tsp salt • 1 tbsp sugar, optional • 2 eggs • 1 3/4 cups milk • Unsalted butter or canola oil, to grease skillet

3

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