Looking back to 2010

We look forward not back 

Does your accountant seem obsessed with last year? If you want to legally pay less in taxes, you need a professional who looks forward. Relax Tax helps our clients focus on planning for a better future, and not the past. If we want to look back at anything, we thought it might be fun let our blog look back at what we learned in the last 50 plus years. You can get a FREE COPY of the entire guide at back.relaxtax.com. Now lets take a look at 2010.

2010 Big News Story

Affordable Care Act Passed

 

Interesting behind the scenes of getting the act passed per the  Commonweath Fund.

With the United States in the grips of a pandemic that will surely test our health care system, it’s worth reflecting on how the law that is now deeply woven into the fabric of American health care came to be.

It took a monumental effort to pass the Affordable Care Act, or Obamacare, which turned 10 years old this tear. But because of it, no American can be denied health insurance for having a preexisting medical condition. And 20 million people who previously lacked coverage now have it.

On the latest episode of The Dose, the Commonwealth Fund’s Elizabeth Fowler – one of the key architects of Obamacare – talks about the behind-the-scenes effort it took to get the law passed.

 

2010 by the Numbers

Economic Data from 2010

Grocery Prices from 2010

Personally, 2010 was the year where Relax Tax officially became a Google Cloud Partner. Now it wasn't called a Google Cloud Partner in 2010 and with the pace that Google renames things it may not be called that by the time you read this. But the fact is that it was 2010 when Relax Tax realized that the best model was to have a virtual relationship with clients. Clients should have a dedicated concierge who truly knows them, and more expensive professional should be able to visit the client virtually. This would allow more people to have better trusted financial partners.  

A tax return is just a historical record of what happen financially in the previous year. If you don't think about your taxes until you start receiving your tax forms, then it is already too late. Click Here to schedule your risk free tax planning session. 

If your tax preparer isn't doing tax planning with you, then you have the wrong tax preparer. If you do your taxes yourself with software and just "tweak" the numbers till you get the numbers where you want them then you should read our blog post on what could be in store.