As we continue through another year, I wanted to highlight the significant benefits of engaging in proactive personal tax planning. Whether you're a freelancer, business owner, or employee, effective tax planning can make a substantial difference in optimizing your financial situation and ensuring compliance with tax obligations. We, at Merlak Tax, recognize this and encourage [...]
There are many kinds of life insurance, but they generally fall into two categories: Term insurance and Permanent insurance. Term insurance, the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you [...]
A simple method to determine how much life insurance you should have is: DIME D is for debt payoff I is for income replacement M is for mortgage payoff E is for education expenses for your children