For Individuals

College Financial Planning

How Can You Pay for Your Kid to go to College, Spend and Save as You Are Now, and Increase the Amount of Money You have for Retirement?

Elder Care Financial Care

Finally… Worry Free Financial Management for Your Aging Parent or Family Member.

Estate Planning Done Right

Make Sure Your Family Transitions Prepare Your Children and Your Family for Financial Freedom.

Barnes Accountancy Corporation’s Guide to Estate Planning for Digital Assets

Technology has certainly shifted our society over the last 15 to 20 years -- you can see it right here in the Southern California area.So much so, that it's time we discuss estate planning with a technological twist.Before we get there though, may I offer you this...

When Conventional Financial Advice Is Wrong by David Barnes

Is there such a thing any more as "conventional wisdom"?It's a fair question to consider as we retreat further and further into our ideological silos as a society -- only reading "news" from the slant that makes us feel smartest ("See, if [smart person I read] says...

The Latest Advance Child Tax Credit Payment Info for Southern California Parents

I normally don't send these special bulletins, but I wanted to get this to Southern California parents ASAP.You probably heard on the news that the IRS is sending out "advance payments" of $250 - $300 per month for children.The first advance child tax credit payments...

Four Great Summer Tax Moves For Folks in Southern California

Summer is flying by. Do you feel that way?It's an exciting season with cookouts, vacations and extracurricular activities (my thoughts and sympathies for Southern California parents with multiple kids playing multiple sports among 100 other things). Before you know it...

The Challenge of Allowable Living Expenses for Southern California Taxpayers Who Owe the IRS

According to IRS calculations, the 2021 allowable living expenses for a typical family of four didn’t change a single dime from 2020 .It went from $1,740 per month to… $1,740 per month.The IRS clearly missed the memo regarding pandemic inflation from their colleagues...

David Barnes’ Annual Holiday Prayer

This will be a different kind of note today than I normally post.Because the first thing to note is that a bona fide holiday miracle seems to have occurred: Congress agreed on another relief bill.Given this cultural climate, this might rank up there with the...

How To Ensure Southern California Families Are Prepared For Chaos

Summer is nearing an end, but this has been no ordinary summer.Everywhere, parents are scrambling in the most unusual "back to school" season in memory. Fall sports are in limbo, and others (MLB, NHL, NBA) are operating in a weird Twilight Zone mode. Urban centers are...

Helping Southern California Residents Understand the Purpose of Life Insurance

As the old joke goes, the only two guarantees in life are death and taxes.In these updates, I obviously spend a lot of time talking about taxes.And these past 12 months, no matter how things have landed for those of you in or near Southern California ... the other...

David Barnes’ Parents’ Guide For Telling Their Family’s Financial Story

How we are raised around financial matters can impact us for a lifetime.When a close friend or family member loses their home, or their job (or both), it can be frightening on several levels. You begin to wonder if the same could happen to you. And, as you're probably...

Post-Stimulus Taxes for 2020

I mentioned last week the key provisions of the "American Rescue Plan," while it was just proposed legislation.Now that the House has passed it, there is more meat on those bones. I'll run it all down for you once it's been signed by the President, but the key...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!