Tag: daily money management

Don’t Stress Over Tax Time: We’ve Got This!

Paul

Every financial transaction that’s made in your accounts has a potential impact and value on your annual tax return. And every year, when April 15 is looming, the challenge of compiling and organizing all of those records can be overwhelming.

For many people, keeping track of all of those activities and transactions can be a cumbersome and time-consuming process. This is especially true for people whose financial lives are somewhat complex, as well as people with facing cognitive difficulties.

PPS is the Quick, Efficient Solution

Professional Paperwork Services (PPS) is a daily money management firm, founded in 2015, that specializes in supporting the routine financial needs of individuals, families, and small businesses.

At the beginning of each year, with tax reporting on the horizon, PPS compiles, categorizes, and prints out reports of every tax related transaction from the past year. This includes such items as charitable donations, medical expenses, taxes paid, interest payments made, and other applicable transactions. Statements from financial institutions, such as banks, brokerages, financial advisors, trusts, etc. are also included.

When the tax organizer forms arrive from the CPA or tax prep firm, we enter all of the applicable data into the tax organizer.

We Save You Time and Money in the Process

The steps described above make your CPA’s work easier, because they have all the information needed in the tax organizer we have prepared on your behalf. In a short period of time, we have reduced a likelihood that you will need tax filing extension. Not to mention the expense of simply arriving at the CPA’s office with a stack of papers and receipts that could take many hours to sort through and organize.

Call Now to Take the Next Step

It’s that time of year again, and we are ready to help you make tax return preparation easier now, and in the years to come. Please call Nancy Sobin, PPS president, to discuss your individual circumstances and the ways Professional Paperwork Services, can reduce your stress and save you time and money. 609-608-0566.

 

Holiday Visits with Elderly Parents

Paul

What You Should Look for When Visiting this Holiday Season

When families reunite during the holidays, it’s a perfect time to notice how our elderly loved ones are doing, especially if we don’t see them often. You may observe that your parent has changed in ways that are concerning.

Look for both behavioral and physical signs to notice.

Some examples of behavior changes include:
home upkeep changes, unpaid bills and piles of paper, and belongings being placed in unusual locations.

Physical changes to observe include such things as:
not following the conversation, changes in their walking ability, repeating questions or comments, and decline in personal care.

Any of these signs, or a combination of them, may indicate that your parent needs some help. We suggest you enjoy your time visiting with your parents, then follow up with a conversation after the holidays, when you can share your observations and offer recommendations on how their needs can be addressed.

Professional Paperwork Services can take care of your parents’ daily money management needs, by verifying and paying bills, organizing insurance and tax-related paperwork, and monitoring financial tasks.

We work with other professionals – financial advisors, accountants, and attorneys, as well as therapists and healthcare providers – to whom we can make referrals for guidance and follow-up on some of the changes you have observed.

Reach us at 609-608-0566 or email at info[at]paperwork-services.com

Navigating Solo Aging: Don’t Go It Alone!

nsobin6

Aging alone is great, IF your finances are being well managed.

As our population ages, a growing number of individuals find themselves facing retirement without the traditional family support system. This phenomenon, known as solo aging, affects approximately one-third of adults over 50 who are either childless, estranged from their children, or unable to rely on family for assistance.

While legal documentation and financial power of attorney are crucial elements, comprehensive planning for solo aging encompasses much more. It’s essential to assemble a team of professionals capable of fulfilling roles typically handled by family members. This network may include an elder law attorney for legal matters, a patient advocate or geriatric care manager for healthcare decisions, financial professionals for monetary affairs, and local friends or neighbors for emergency assistance.

Financial management is a common concern.

40% of solo agers express worry about needing assistance in this area, according to AARP. Professional Paperwork Services, LLC can provide valuable support not only with bill payment but also with routine tasks such as balancing checkbooks and organizing tax information. Their work also includes tracking cash flow for future bills, opening mail, reviewing medical insurance papers, working with creditors and more.

Nancy Sobin, President of Professional Paperwork Solutions, is a Certified Daily Money Manager who emphasizes close attention to detail and adherence to a strict code of ethics that emphasizes fidelity to the privacy and security of a client’s financial information and other personal data.

The firm is regularly recommended by trust & estate attorneys and wealth advisors for solo agers seeking dependable, affordable professional daily money management services that keep the client’s finances clear, current and well organized.

To learn more, contact PPS or call 609-608-0566 today.