Tax Season has ARRIVED!!!

 

Ladies and gentlemen, tax season, had ARRIVED!!

      

Did you know that many taxpayers received more money in their paychecks every week last year, which resulted in a lower tax refund than previous years because the IRS lowered the federal tax rates.  

2019 Tax Rules & Regulations     

  • Standard deduction increased to $12,200 for a single taxpayer and $24,400 for married taxpayers.
  • Federal penalties are no longer applicable for not having medical insurance; however, it still applies to the state.        
  • The IRA contribution has increased to $6,000; for taxpayers over 50 years old, a “catchup” of $1,000 is allowed. 

Depending upon your taxable income, there are 7 different tax rates that may apply to you:

         

• 10%, 12%, 22%, 24%, 32%, 35%, & 37%

         

 If you are in the market for an accountant you can trust, please contact Covelle & Covelle Public Accountants at (781) 844-2935 or rcovelle@comcast.net. 

 

 

Erica Covelle is a seasoned Realtor ®, a Senior Vice President at Compass with 13 years of experience. She has seamlessly married her interior design expertise with her passion for helping both buyers and sellers create visions for the most beautiful homes. Erica Covelle surpasses industry standards, when you work with Covelle & Company, you gain access to the tools and professionals one needs to BUY and SELL in today’s market. Through creative and enticing strategies, Erica and her team help sellers to make money and buyers to save money.

#BuildHerUp

Why is it that women are hesitant to empower and recognize the accomplishments of other strong, admirable women?  Why do we often feel a sense of failure towards ourselves, and often (although we may not want to admit) a sense of jealousy towards other women when they are praised for their success? The answer and the solution are both very simple. We are afraid that the recognition of other women’s success may take the attention off of our own success, and that our hard work is not being recognized in the same manner.

 

The solution and driving force of this #buildherup campaign are to band women from all different career paths together to praise the accomplishments we are all making on a daily basis, and form a collaboration to share our best practices and ideas.  We want to open the flood gates to a world of opportunities where our ideas can be transferable, regardless of our career.  

 

Ladies, let’s unite and #buildherup. Just because we are strong, doesn’t mean we don’t need support. There is no benefit that comes from tearing each other down. 

 

#BuildHerUp | ERICA COVELLE

Combining her interior design expertise with her passion for sales, Erica Covelle surpasses industry standards, thriving in a competitive environment while raising three children. As the senior vice president of Covelle & Company at Compass, Covelle ensures that her sellers, buyers, property investors, and developers leave every negotiation satisfied with the results. “I’m a fierce negotiator that sets a plan with my clients rather than shooting from the hip,” she explains. “I have a structured way to go about things while being flexible. I handle each client  with care and aim to alleviate their stress by educating them and helping them through any obstacles.” After graduating from the New England School of Art and Design, Covelle worked for DiMella Shaffer, learning valuable skills like producing construction drawings in AutoCAD, building and rendering 3D models in Sketch-up, and producing FF&E schedules for a range of residential and commercial projects. “The experience and knowledge I gained from that part of my career journey go unmatched,” she says.  

Covelle has built an extensive social media following, amassing over 10,000 followers on  Facebook, Instagram, Instastory, LinkedIn, and Twitter combined. “We generate on average an additional 30,000 views on our listings through social media alone,” she says. “We push ads with money behind them and hone in on specific locations and other details that make sense for the particular property we are listing.” Through the years, Covelle has received numerous accolades including the Quality Service  Award, Excellence Award, Titan Award, Centurion Award and entry into the Centurion Honors Society, Chairman’s Club, and Platinum Club. She is a Seniors Real Estate Specialist and a member of the Greater Boston Real Estate Board. Covelle celebrated the birth of her third child in 2018, she feels incredibly blessed to have 3 beautiful healthy children she notes that the secret to her success is driven through the love and support of her understanding and patience husband JR Covelle. 

Help join us #buildherup, if you would like to be apart of our campaign or know someone deserving – contact us today

 

 

 

Timely Tips For The New Real Estate Investor

Timely Tips For The New Real Estate Investor: Whether you want to diversify your investments, develop cash flow for your retirement years or achieve other financial goals, investing in real estate can be a smart idea. Real estate tends to be less volatile than the stock market, and the owners of investment properties can benefit from price appreciation as well as the current rent roll.

That does not mean that owning investment real estate is an easy road to riches. If it were, everyone who owned an apartment building or a rental home would be rich, and clearly, that is not the case. If you are new to the world of real estate investing, you need to plan carefully, develop a strategy for success and treat your new endeavor like the business it is. In my experience as a real estate investor, it makes sense to understand your investment personality, but also the role the business of real estate plays in your daily life. Here are some timely tips new real estate investors can use to make more money while reducing their risk.

Treat Your Real Estate Investment Like The Business It Is

If you decide to take the plunge and become a real estate investor, you need to treat your new endeavor like the business it is. Real estate investing is a serious business, and you need to take it seriously.

Investor

New real estate investors often make the mistake of treating their properties as a hobby or a sideline. If you approach your real estate business casually, you will never achieve the best results. Take your business as seriously as you would any other professional undertaking, and get your new investment off to a great start.

Know Your Strengths, And Your Weaknesses

Everyone has strengths and weaknesses, and knowing what you do well and where you might need help is essential. If you want to succeed, you need to identify your strengths, and your weaknesses, before you buy a single piece of property or collect a single rent check.

 Are you a master plumber and a skilled electrician? If so, you may not need much outside help. If you lack the carpentry, plumbing and electrical skills you need, be sure to research the cost of those services and build that into your cash flow assumptions.

FOR MORE INFORMATION…

Source: Timely Tips For The New Real Estate Investor

Why Buy in the Stoneham Community?

The Stoneham Community

A town of 22,000 located only 10 miles from Boston, has a great small town feel. The downtown area has a high walkability index and with multiple exits on both I-93 and Rt. 128 is great for commuting both to Boston and to the North Shore and 128 corridor.  For those who want public transport, the 132 MBTA bus goes direct to Oak Grove station or you can use a number of nearby commuter rail stations. Houses here are a relative bargain compared to neighbors such as Winchester, if you can find one.  Housing stock is snapped up fast. Real Estate website Movoto rated Stoneham as #4 in its  list of Best Boston Suburbs.   Citing its historic homes, family friendly amenities such as the Stone Zoo, adult pursuits such as restaurants and the Stoneham Theatre, and low commute time.

Home to resources such as the Middlesex Fells…

The Stone Zoo and the Stoneham Theatre. Stoneham has a number of amenities that make it a fantastic place to live, visit, and work.  Its downtown area and Common with Town Hall, churches and a gazebo scream New England charm. Whether you want recreation, culture, shopping or history, you’ll want to check out Stoneham. ​

Stoneham schools were rated in top 50  in 2015 and 2016 by Boston Magazine, besting many other local school systems.  In 2014, the town opened a new updated Middle School and is poised for a major renovation to its high school. Stoneham is also among the safest communities in Massachusetts using federal safety and crime data.

Stoneham Square is the heart of Stoneham’s downtown center…

The Town Center is being improved with a five-year action plan to improve public transportation and walkability, add community events, and beautify the streetscapes. The square features a number of shops and restaurants with dishes ranging from coffee and quick bites to upscale American, Italian, Indian and Asian fusion. Also in the Square, Stoneham Theatre helps keep the art of professional theater thriving in the suburbs. Outside the immediate Stoneham Square area are additional restaurants and shopping along the Rt. 28/Main Street corridor and Redstone Plaza, soon to host a Target Express.

The sense of community stems from…

From a Farmer’s Market on the Common to a Food Truck Festival, Stoneham offers a number of annual and special events and attractions such as the Stoneham Theatre, summer Concerts on the Common, parades, a Halloween Stroll, Zoo Lights, Town Day Celebration, Holiday Tree Lighting and an ice skating rink on the Common.

Two jewels of recreation exist in Stoneham.  An entire third of the town is open space, most notably one of the crown jewels of the Massachusetts park system, the 2575-acre Middlesex Fells Reservation. Miles of trails are open for walking, hiking, climbing, biking, snow-shoeing, cross-country skiing, and horseback riding. Or take your dog to the Sheepfold for some off-leash exercise. You can also experience a beautiful day fishing or boating on Spot Pond, with summer boat rentals. Along with being a great family day out, the Stone Zoo offers events such the annual Zoo Lights festival, where you can see a spectacular light show, visit with live reindeer and even ride a camel.

There are a number of other recreational activities from a public pool to a  large number of youth sports, Boys and Girls Scout troops, Boys & Girls Club  and new Recreation Department. Construction is starting in 2017 on the 7-mile Tri-Commuity get away that will connect Stoneham to Winchester’s Wedgemere Station via Woburn.  Stoneham also boasts a skating arena and three local golf courses.

You can check out more on the community on www.explorestoneham.com or the town website www.stoneham-ma.gov.

Written by: Dolly Wilson, Chairperson for Stoneham Bikeway/Greenway Committee