Insights & News

Total college savings assets in 529 accounts reached $168.5 billion by the end of 2012, up 16.7% for the year, reports Financial Research Corp. (FRC),

According to the Investment Company Institute, 68% of households with IRAs have mutual funds in those accounts. That’s followed by individual stocks (41%), annuities (35%),

The fabled Baby Boom began in 1946, right after World War II. Therefore, the oldest Baby Boomers reached 66 in 2012, which is now the

Recent tax legislation contains several provisions that impose extra tax on high-income taxpayers, including those with income over $200,000. Often, such taxpayers are business owners.

A little change in the office space can lead to increase in productivity. The layout should be made in such a way that could keep

TJT is proud to announce several promotions as of January 1st, 2013.  Geri Lail, CPA and Amanda Habich, CPA have been promoted to Senior Manager. 

The ads urging retirement-savers to convert a traditional IRA to a Roth IRA have largely disappeared. But the main reasons to consider a conversion, outside

As the year begins, business owners should intensify their efforts to use every available tax deduction. Documentation is crucial, so keeping all relevant receipts will

The North Carolina legislature recently made changes to the withholding law which are designed to increase tax compliance and help the North Carolina department of revenue

Some states have passed laws requiring employers, including many small businesses, to offer retirement plans to employees. Other states may follow in the coming years,

The stock market goes up and, as we’ve learned, it goes down. Despite the volatility, stocks have been excellent long­term investments for many decades, and

Choosing one health insurance plan or the other is not an easy decision to make. You will need to first consider the expenses covered by

Some observers have commented that few private sector workers can look forward to pensions after retirement. The traditional pension, a lifelong stream of income to

You may want to “give something back,” with a substantial charitable donation but fear relinquishing assets you’ll need for living expenses. In this situation, consider

Although some mutual funds are “no load,” meaning that there is no sales charge, others are load funds, with some type of sales charge. Many

High-income business owners may be realizing the impact of new tax laws as they prepare their 2014 tax returns. Those laws can be especially painful

TJT is pleased to announce several staff promotions.  Rebecca Sherrod, Kyle Lewis and Jacob Allen were all promoted to the Senior Staff level.  Kyle and

TJT partner Kristen Hoyle was recently nominated to serve a three year term on the Board of Directors for the North Carolina Association of CPAs.

Thomas, Judy & Tucker is proud to announce the promotion of Thomas R. Crawford Jr. to the position of Tax Partner. Thomas has been with

Many workers save for the future in a 401(k) or another employer sponsored retirement plan. Contributions avoid income tax, and the same is true for

We have posted links below to the recorded tax reform webinar held on February 13th and the associated power point slides. Please feel free to