Attending to Year End Tax Planning

At the end of the year, it’s important to think about taxes and year-end tax planning.  We’re going to discuss a few things to consider as you weigh potential tax moves before the end of the year. if you might be in a lower tax bracket next year, defer income until then. For example, you may be able to defer a year-end bonus or delay the collection of business debts, rents, and payments to postpone payment of tax on the income until next year. Look for opportunities to
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If the last 18 months has taught us anything it’s that the unexpected can happen at any time, including unexpected debts due to losing a job or losing a home to a natural disaster, not to mention unforeseen healthcare costs due to the pandemic. That’s why it’s more important now than ever before to have an emergency fund. It is one of the most effective tools to prevent large-scale financial disaster. An emergency fund is an amount of money that is set aside to cover unexpected
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It is common practice for individuals to have annual health physicals. But what about our finances? It’s also a good practice to have an annual financial check-up, and that applies to both your personal finances as well as your business’ finance. If you’re a business owner, odds are you haven’t thought about the mix of your banking products and services. When was the last time you talked with your bank about what options are available?  An annual
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What comes to mind when you daydream about retirement? Is it travel? Time with family? Less responsibility? While it may be easy to conjure up these images, too often the planning stops with the daydream and we fail to really think through what our vision is and how we plan to get there. Getting started as early as possible in your retirement planning is important, but for those nearing the 5-10 year countdown to retirement it starts to become
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Scammers may try to use you to move stolen money. If you help them, you could be what law enforcement calls a money mule. Money mule scams happen several ways. The story often involves scams related to online dating, work-at-home jobs, or prizes. This is how it usually works: Scammers send money to you, sometimes by check. Then ask you to send (some of) it to someone else. They often want you to use gift cards or wire transfers. Of course, they don’t
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First Citizens recognizes the importance of document security and disposal. That’s why we are hosting Shred Days on Friday, September 10 and Tuesday, September 14, 2021. Click here for locations and times. You will have the opportunity to securely shred and dispose of documents that contain sensitive information. A professional shred truck will collect and shred the documents on the premises. It’s a quick, easy, and safe way to get rid of your personal documents that you’ve had
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.media_embed { position: relative; padding-bottom: 56.25%; padding-top: 30px; height: 0; overflow: hidden; } .media_embed iframe, .media_embed object, .media_embed embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }   For many of us, money transfer services are becoming a part of everyday life. No more writing a check or handing someone cash! The Brella™ app powered by SHAZAM offers the ability to send person-to-person (P2P)money transfers to anyone with
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We all lead busy lives, but women tend to place our family and work needs before our own. We are excellent at managing our daily lives, but many times fail to take the time to consider our future financial needs.    Statistics show men are more likely to seek out financial advice than women. Combine that with the fact that women often outlive men, and we have a recipe for disaster. As illustrated above:  Women control 51% of the personal wealth in the U.S. Women
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First Citizens Bank is pleased to announce these recent promotions: Ryan Fishel to Credit Analyst; Brenda Holzerland to Contact Center Representative I; Jaclyn Meier to Private Banking Officer; Cody Martin to Personal Banker II; Tracy Anderson to SVP, Credit Administration; and Melissa Moretz to AVP, Lending Relationship Officer.   Fishel joined First Citizens in 2020 as a Trust Operations Specialist.       Holzerland joined First Citizens in 2015
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First Citizens Charitable Foundation, Inc. is pleased to announce that 49 area organizations were the recipients of $293,995 in donations in the first half of 2021.  Recipients are: Bridge of Hope North Central Iowa $1,000; Changing Gaits, Inc. $5,000; Charles City Art-a-Fest $1,000; Charles City Community School District $10,000; Chickasaw Township Fire District $2,500; City of Elma $3,000; City of Mora $5,000; City of Osage Iowa $30,000; Community Policing Advisory Board $1,500; Comprehensive
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