TSG Financial Blog

Posted by Jessica Dunbar on Aug 8th, 2018

Every August, the National Public Health Information Coalition sponsors National Immunization Awareness Month to promote the importance of immunizations at all life stages. Vaccination protects everyone, from infants to the elderly, from serious illnesses and complications of vaccine-preventable diseases.

Being properly vaccinated not only protects you, but everyone else around you, from falling ill with serious illnesses like measles, polio, hepatitis and meningococcal meningitis. For more information on vaccines, or to learn more about what vaccines you may need, click here or talk with your doctor.

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Posted by Jessica Dunbar on Aug 7th, 2018

Can't sleep at night? Your phone or tablet could be to blame. Using your phone before you go to bed can disrupt your sleep schedule and prevent you from getting a good night’s sleep. Studies found that people who used their phones/tablets before bed showed lower levels of melatonin (a sleep hormone) as well as decrease in their REM (rapid eye movement) #TipTuesday #Zzzs #Sleep #GoodNight

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Posted by Jessica Dunbar on Aug 6th, 2018

Get Organized with life! Write down your short-term and long-term goals that are important to you. Number them in order of priority. Think about what you need to accomplish each goal, including cost, and time frame. Remember to make saving for retirement a priority! Today is Motivation Monday!

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Posted by Jessica Dunbar on Aug 3rd, 2018

Big win yesterday! TSG Financial, a Division of Risk Strategies helped raised over $350,000 for Tournaments of Tournaments for Long Island Community Hospital (formally Brookhaven Memorial Hospital Medical Center BMHMC).  

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Posted by Camille Parmashwar-Smith on Apr 10th, 2018

The IRS has begun issuing letters to employers who are not offering health coverage to full-time employees. Under the Affordable Care Act’s (ACA) employer shared responsibility rule, applicable large employers must provide affordable health coverage to full-time employees or face stiff penalties.

There are two key provisions to the ACA’s employer shared responsibility rule that can trigger thousands of dollars in penalties:

  • Full-time employees must be provided health coverage.
  • That coverage must be adequate and affordable, as specified by the law.

Penalty amounts will depend on the year. Not offering health coverage could cost you between $2,080 and $2,320 per full-time employee. If coverage is unaffordable or inadequate, penalties range from $3,120 to $3,480 per affected employee. 

Employer Takeaway

Due to continued delays by the IRS, many employers may be surprised to see penalties dating back to 2015.

Receiving a letter does not necessarily mean you will be penalized. There is a response period where you can reply and indicate whether you agree to the fine or contest it.

For instance, an employee who triggers a penalty may have been working part time for a period or simply missed the enrollment deadline. In these types of situations, employers can argue against the penalties and explain themselves. Errors can usually be corrected by resubmitting forms.

Regardless if the penalty is contested or not, responding immediately is considered the best approach for employers. The forms required by the IRS can be complicated and time consuming to fill out, so waiting until the last minute could end up costing you.

Beyond responding immediately, employers are encouraged to speak with a tax or legal advisor on how to proceed if they receive a letter from the IRS.

Please let TSG Financial, LLC know if you have any questions about these or any other ACA penalties.

Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org).
Advisory services offered through Securities America Advisors, Inc. Risk Strategies, TSG Financial, and the Securities America companies are separate entities.
Securities America Inc. & Securities America Advisors do not offer Insurance Products. Insurance Products offered through many fine Carriers. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Camille Parmashwar-Smith on Apr 9th, 2018

You’re certainly aware of rapidly approaching tax day on Tuesday, April 17, but are you aware of the rampant scams during tax season? The most prevalent to watch for are IRS imposters and tax identity theft.

The goal of scammers is to uncover your personal information to file fake tax returns using your Social Security number, claiming your children as dependents or using a deceased person’s information to claim a tax refund. The IRS has issued a warning to taxpayers to ignore phone calls, texts or emails regarding your taxes. The IRS only connects with taxpayers through mailed letters.

Also beware of any communication asking for immediate payment or your personal information. The IRS will never ask for your debit or credit card information. If you aren’t sure if a communication you have received is legitimate, call the IRS at 800-829-1040 for verification.

On top of phony communications from IRS imposters, scammers can operate through a fake tax preparation service or by stealing your mail or tax returns. To help protect yourself at any time of the year, it’s important to: 

Shred personal or financial documents

Never give out personal information unless you’ve verified the legitimacy of person asking and why they need the information

This tax season, be sure to check your refund status at www.irs.gov/refunds. Another resource is the IRS Identity Protection Specialized Unit. If you think you’re a victim of Tax ID Theft, call the IRS Identity Protection Specialized Unit, 800-908-4490, or visit www.irs.gov/identitytheft.

And of course, our office is always here to help with any of your financial needs. Call us with questions or to set up an appointment today.

Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org).

Advisory services offered through Securities America Advisors, Inc. Risk Strategies, TSG Financial, and the Securities America companies are separate entities.
Securities America Inc. & Securities America Advisors do not offer Insurance Products. Insurance Products offered through many fine Carriers. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Camille Parmashwar-Smith on Apr 4th, 2018

Work out your core! Core exercises train the muscles in your pelvis, lower back, hips and abdomen to work in harmony. With a stronger core, you are also more likely to sit and stand without slouching. 

Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org).
Advisory services offered through Securities America Advisors, Inc. Risk Strategies, TSG Financial, and the Securities America companies are separate entities.
Securities America Inc. & Securities America Advisors do not offer Insurance Products. Insurance Products offered through many fine Carriers. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Camille Parmashwar-Smith on Apr 3rd, 2018

Don't be fooled into giving your personal information or tax return to a thief. Scammers ahve complex methods for tricking individuals, most commonly by impersonating the IRS. Know that the IRS will never demand immediate payments, request wire transfers, threaten to involve police or ask for credit card information. 

Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org).
Advisory services offered through Securities America Advisors, Inc. Risk Strategies, TSG Financial, and the Securities America companies are separate entities.
Securities America Inc. & Securities America Advisors do not offer Insurance Products. Insurance Products offered through many fine Carriers. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

 

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Posted by Camille Parmashwar-Smith on Apr 2nd, 2018

The ongoing Facebook data scandal (the result of a quiz developer illicitly passing along users’ personal information to a political data firm in the 2016 campaign) provides a powerful reminder to seriously weigh what and how we share on social media. Here are some practical tips to protect your information:

  • Always use complex passwords on your social media accounts and update them frequently.
  • When filling out a social media profile, leave personal details – such as your home address, phone number, birthday and email – blank.
  • Don’t accept friend requests from anyone you don’t know in the real world.
  • Secure your mobile devices with passcode or fingerprint protection.
  • Try not to visit your social media accounts on public wireless connections, which make it easier for others to see your sensitive data. Avoid accessing social media on public computers. And if you do, log out and clear your browsing history when you’re done.
  • Turn location tracking off on your social media channels. Turn off the GPS function on your smartphone camera if you plan to post images. Don’t post vacation photos until you return home.
  • Be cautious about clicking on links – even from friends – and completing quizzes and surveys.
  • Close old accounts you don’t use anymore and delete as much personal information as you can.
  • Check your security settings on your social media accounts regularly. They may revert to a less private default when updates occur.
  • Avoid signing into other apps using Facebook.
  • Make sure you have a quality security software installed on your devices.

In light of current Facebook concerns, you may want to review the data Facebook has on you. To do so, go to the dropdown arrow in the top right corner and click on Settings. This takes you to the General Account Settings page where you can click on “Download a copy of your Facebook data.” To verify/update your privacy settings, go to Settings/Privacy. To stop apps from sharing your data, go to Settings/Apps. For more on privacy, go to Facebook.com/help and select Privacy and Safety.

Just as you strive to protect your personal information on social media accounts, we’re committed to keeping your financial account information secure. And as always, we’re available to discuss any concerns you may have about your finances.

Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org).

Advisory services offered through Securities America Advisors, Inc. Risk Strategies, TSG Financial, and the Securities America companies are separate entities.
Securities America Inc. & Securities America Advisors do not offer Insurance Products. Insurance Products offered through many fine Carriers. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

 

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Posted by Camille Parmashwar-Smith on Mar 28th, 2018

Doing yoga helps you become more aware of your body's patterns of movement, posture and alignment - increasing your flexibility and fitness level. 

Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org).

Advisory services offered through Securities America Advisors, Inc. Risk Strategies, TSG Financial, and the Securities America companies are separate entities.
Securities America Inc. & Securities America Advisors do not offer Insurance Products. Insurance Products offered through many fine Carriers. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

 

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