Press Releases

Tax Changes on the Horizon – What to Consider Before Year End

Posted by on Dec 22, 2017 in News | Comments Off on Tax Changes on the Horizon – What to Consider Before Year End

Tax Changes on the Horizon – What to Consider Before Year End

By Cheryl A. Patterson Our comments are general in scope and should not be relied upon as specific tax advice.  We strongly recommended that you discuss your specific situation with your CPA or tax preparer to determine what, if any, steps you should take prior to year-end. A few highlights: SALT (State and Local Tax) Change – Beginning in 2018 the total allowable deductible amount is capped at $10,000. This total includes real estate taxes and state income taxes. What to consider doing before year-end: Prepay any 2018 property taxes that have already been determined for your property. If you pay state quarterly estimated taxes, prepay your 4th quarter tax before 12/31. If you own property in other states, also prepay those real estate taxes.   Income Tax Rates Change – Individual tax rates will be lower in 2018 (many of the individual cuts are expected to expire in 2025, unlike corporate tax cuts which are permanent). What to consider before year-end – Defer income (i.e. bonuses) into 2018   Standard Deduction Change – The doubling of the Standard Deduction to $24,000 for married couples and $12,000 for individuals. What to consider before year-end – If the doubling of the Standard Deduction and the reduction in state and local income taxes means you will not be itemizing in 2018, consider making charitable contributions you had planned to make in 2018 before year-end...

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Hart & Patterson Financial Group donates $20K to Cooley Dickinson Breast Center

Posted by on Aug 18, 2017 in News, Newsletters | Comments Off on Hart & Patterson Financial Group donates $20K to Cooley Dickinson Breast Center

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Cambridge News Release: Spirit of Cambridge Award

Posted by on Aug 25, 2015 in News | Comments Off on Cambridge News Release: Spirit of Cambridge Award

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2015 New Year’s Newsletter

Posted by on Jan 22, 2015 in News, Newsletters | Comments Off on 2015 New Year’s Newsletter

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Women and Money: It’s All About Relationships, Forbes, May 2013

Posted by on May 28, 2013 in Featured, News | Comments Off on Women and Money: It’s All About Relationships, Forbes, May 2013

Women and Money: It’s All About Relationships, Forbes, May 2013

Cheryl Patterson, co-founder of financial services firm Hart & Patterson, knows this well. The 10-person (all women!) western Massachusetts-based company was built on and continues to thrive on relationships – with each other and their clients

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Business West, 2011

Posted by on May 23, 2013 in News | 0 comments

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Press Release, May 2011

Posted by on May 23, 2013 in News | 0 comments

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