SRP Federal Credit Union’s Post

Join us for a seminar focusing on your personal values and financial goals. The "Your Money Values and Influences" module will help you understand your core values and create a foundation for informed and purpose-driven financial choices. The seminar will take place from noon to 1 p.m. on Wednesday, Sept. 11 at the Tabernacle Family Life Center, located at 1230 Laney-Walker Blvd, Augusta, GA 30901. Refreshments will be served. Please RSVP by Sept. 4 and include any food allergies with your registration: https://trst.in/YeCXOg *This presentation is for informational purposes only and is not intended to provide tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors for advice. Photographers/Videographers may be present. Registrants expressly acknowledge and agree to the use of their name and/or likeness, in any news release, news story, advertisement, or other communications without compensation or consideration. The Credit Union may copyright and use, reuse, publish and republish the registrant's name and/or likeness, picture, portrait, video, or likeness with the registrant's name or a fictitious name, including the registrant's statements or quotations in any media for any purpose, including any printed matter prepared by/for or distributed by/for the Credit Union. SRP is federally insured by NCUA.

Sharpe’s Federal Tax Pocket Guide, a valuable resource for advisors, is updated for 2024. Personalize your copies today. https://bit.ly/3TQyLui

May Small Business Power Lunch: Navigating the "Battlefield" - A Focus on Women In Business Join SRP's Financial Education as we continue the SRP Small Business Power Lunch Series. Identify the skills and tools needed to navigate your business effectively. Register today! ⬇ https://trst.in/uigHct May 21st 11:30 a.m. - 1:00 p.m. Lunch will be provided. Enterprise Mill Event Center 1450 Greene Street Augusta, GA 30901 *This presentation is for informational purposes only and is not intended to provide tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors for advice. Photographers/Videographers may be present. Registrants expressly acknowledge and agree to the use of their name and/or likeness, in any news release, news story, advertisement, or other communications without compensation or consideration. The Credit Union may copyright and use, reuse, publish, and republish the registrant's name and/or likeness, picture, portrait, video, or likeness with the registrant's name or a fictitious name, including the registrant's statements or quotations in any media for any purpose, including any printed matter prepared by/for or distributed by/for the Credit Union. SRP is federally insured by NCUA.

Are you looking to submit a grant to the Sisters of Charity Foundation of Canton? Check out the easy chart below that provides guidelines on when to submit each quarter.

🎥 WEEKLY VIDEO SERIES🐘 Welcome back to our weekly video series, watch your feed every Thursday for a video from myself or Patrick Nurse ! This week I wanted to share a quick video about the Lifetime Capital Gains Exemption (LCGE). Clients who are a resident of Canada may qualify for LCGE on the sale of a qualified small business or qualified farm or fishing property. This means that for the 2024 tax year, the first $1,016,836 on the sale of a small business or the first $1M on the sale of a qualified farm or fishing property could be received tax free. Where I have found some gaps is that often times clients simply assume they are going to qualify, but qualifying for the LCGE requires careful planning. In order to qualify for the LCGE there are many rules, but the two that put clients offside the most often are: 📊 90% or more of the fair market value of assets in the corporation are principally used in an active business. 🗓️ During the 24 months prior to disposition, more than 50% of the fair market value of the assets must have been used in an active business carried primarily in Canada. Aside from a simple sale of the shares of a corporation, business owners can also benefit from the use of LCGE through proper planning. Working with your clients accounting and legal teams can help make sure your clients are properly setup for an exit, whether that be if they sell their business or pass away unexpectedly. Are you having conversations with your clients about their eligibility for the lifetime capital gains exemption?

Documents like accounting journals, checks, and wills often face alterations or obliterations. When entries are tampered with, forgers typically use a similar ink color to blend in with the original ink. Analyzing the ink composition can reveal these alterations, providing critical evidence in document examination.

The IRS has hobby loss rules to determine whether an activity is a hobby or a business. Watch this video to learn more.

Exciting news for our Massachusetts users! 🎉 You can now easily generate an expanded range of essential probate and accounting forms—all in one place! We've got you covered with everything you need for seamless administration. Let's simplify the process together! 💼 ✨ Find out how this enhancement can benefit your practice by checking out our website and booking a demo to learn more: https://bit.ly/3MyDtIw 🔍 Curious about the full list and how these updates can enhance your practice? Check out our latest article: https://bit.ly/4dOqAG8

Do you have a question for The Experts? Read below to find out how to submit your inquiry. PLANSPONSOR #retirement #ERISA #definedcontribution #retriementplans

Spring has sprung and it's time to open those windows, dust off the patio furniture, and review that budget! 🌱🧹💵 Financial planning doesn't have to be an overwhelming task and we are here to help you reach your financial goals so give us a call and let's do some spring cleaning of your budget! #financialplanning #springcleanyourfinances #buildyourdream