The latest financial planning twist for same-sex couples

Posted Leave a commentPosted in News and Politics, Tax Planning, Taxes

I try to follow developing news for my same-sex couple clients (some now married, some not) and occasionally post something that attempts to summarize or help with planning like this “Financial Planning Checklist for Unmarried Couples” that has turned out to be quite popular. Recall that in 2013 the Supreme Court ruled on a case […]

Testing small business social media marketing message for CPA/benefits practice

Posted Leave a commentPosted in Accounting, Employee Benefits, Small Business, Social Media, Tax Planning

Today I plan to test this new social media marketing message on a sample of my small business owner connections. It is meant to incorporate the components of the advice I’m reading lately on how to do this type of social media marketing. I deliberately tried to include an immediacy point, a focus on the reader, […]

CPA Tax Rates for 2015

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

Until now, I have used negotiated flat fees for all accounting services – including tax services – under an approach commonly called “value pricing”. These fees should have some reasonable basis and market rate or competitive pricing may be one input into this basis of pricing. We presume that there is social value in having consumers […]

What I learned this week ending 12/6/2014

Posted Leave a commentPosted in News and Politics, Small Business, Tax Planning

Local issues I learned that the weapon cache firepower of my South Jersey neighbors greatly exceeds the weapons cache of our local police forces. There was never much cause to think about this issue in the past but with all the talk about riots this week… It looks increasingly like something is not right with […]

estimating defined benefit contributions

Posted Leave a commentPosted in Computers and Internet, Employee Benefits, Financial Planning, Small Business, Tax Planning

I was impressed by onepersonplus-for-db.com estimator for maximum defined benefit contribution. The proposal it generates is simple. The discussion that must accompany the planning for this type of strategy is not simple. I know most people who consider a new pension plan are largely unaware of the risks, cost and potential downsides. So A tool […]

Surprise announcement by DOL affects small business health care planning

Posted 1 CommentPosted in Accounting, Small Business, Tax Planning

I didn’t see this one coming either: A small business employer who gives an employee money to help pay for the cost of Obamacare under any circumstances is considered to have set up an illegal group benefit plan that may trigger penalties under the Affordable Care Act. The warning is titled “FAQs about Affordable Care […]

Tax planning engagement letter for individual clients (revised)

Posted 1 CommentPosted in Accounting, Financial Planning, Small Business, Tax Planning

Update in September 2015: I am no longer using this letter. The new version is shorter, more segmented, and is in a format intended to be delivered by email and not on paper or PDF. The collaboration section is now simplified and changed. I am working on updating and expanding my tax planning engagement letter for […]

How I inadvertently contributed to incorrect tax treatment of HRAs

Posted Leave a commentPosted in Accounting, Employee Benefits, Tax Planning

Imagine that you are a mechanic and someone walks into your shop and asks you to put wings on his Honda Civic. You might say, “That’s silly, Civic’s don’t fly” and dismiss the request. Then three more owners walk in with the same question. You think about it some more and say “Well, it might look […]

New CPA Office Makes a Value Offer for 2014 Tax Preparation

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

I am pleased to announce the launch my tax return preparation practice for the 2014 tax season. I am prepared with the most advanced software, qualified support staff and ready to handle electronic filing for all types of individual and small business tax returns anywhere in the U.S. In order to reduce the risk that […]