Dustin Heath

Building a financial foundation for your kids is one of the most rewarding things you can do as a parent. We all want our children to have a head start, whether that’s for college, buying their first home, or starting a business. Recently, a new savings tool has been making waves in the news: Trump Accounts . These accounts are designed to help American families jumpstart their children’s savings with a little help from the government and even some generous private donors. One of the most...

Investing in real estate is one of the oldest and most reliable ways to build wealth. I’ve always said that most Americans should aim to buy at least one rental property a year. Between the appreciation, the mortgage pay-down, and the tax-free cash flow, it is hard to beat. However, once you start growing that portfolio, you’re going to hear a term thrown around in tax circles: the "Real Estate Professional Status" (REPS). This strategy is often called the "Holy Grail" of tax planning for...

It’s a common conversation we have here at HawkEye Accounting and Tax: a client comes in, feeling the pinch of their annual tax bill, wondering if there is a "secret" the wealthy know that they don’t.