First five strategies to deal with the new tax law

Posted Leave a commentPosted in Financial Planning, self-employed, Tax Planning, Taxes

My action plan for bringing actionable information to clients as soon as the tax bill becomes law. Update December 31, 2017: Major parts of the law become effective tomorrow. I’ve moved past most of the preliminary points in this article and am now focused on the actions that can make the most immediate impact on […]

Business Planning for 2018

Posted Leave a commentPosted in Accounting, Financial Planning, Small Business, Tax Planning

As we begin this month of December 2017, it now seems clear that business taxes will be substantially different and more complicated in 2018. We can also be safe in saying that, for most businesses, nothing else will have as much impact on the net financial results of the business as this change in tax […]

“Current events in compensation and benefits planning”

Posted Leave a commentPosted in Accounting, Financial Planning, News and Politics

Twenty years ago I taught a CPE course in my 2nd floor office in suburban Narberth PA called “Current events in compensation and benefits planning”. It was approved for CPE credit by the PA Bar Association, the PACPA and the PA Insurance Department It was surprisingly popular and the 12 chairs in the conference room […]

The market for health insurance advice (revisited)

Posted Leave a commentPosted in Affordable Care Act, Financial Planning, Health Insurance

Yesterday a peer in a closed online business discussion group asked me about the viability of health insurance advice and this triggered a recount of my prior experience in this field and a reexamination of my conclusion on the topic. There is actually quite a history behind my conclusion that health insurance advice is not […]

How can I save real money on health care?

Posted Leave a commentPosted in Employee Benefits, Financial Planning, Health Insurance

If you run a business, are self-employed or otherwise pay the full cost of your own health care expenses then you know that the price is too high. We are quickly approaching the point where one out of every five dollars of income will be spent on health care. This week the federal government took […]

Taxation of home health care benefits and family caregivers

Posted Leave a commentPosted in Financial Planning, Retirement, Tax Planning

When it comes to providing care in the home for a parent or relative, the tax implications can quickly become complicated. The IRS issued some guidance last year when payments come from Medicaid or similar programs under section 1915(c) of the Social Security Act. In short, these payments are not subject to self-employment tax but […]