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 […]

Disagreements about taxation of individual health insurance in 2014

Posted 1 CommentPosted in Accounting, Employee Benefits, Tax Planning

It seems that the most confusing tax topic this year in the wake of the Affordable Care Act implementation is the taxation of individual health insurance when an employer is involved in the payment of the cost. No doubt other confusing issues are still on the horizon, but this one is here and now. Small business […]

Tax planning: keep priorities in focus to ensure success

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

“When a CPA simply files your tax return and doesn’t provide strategic tax planning or advice, you may not be getting your money’s worth.” – Forbes I couldn’t agree more. Unfortunately, far too often our priorities get buried in the pace of business today. Financial planning is muddled, tax planning opportunities are missed, and tax return […]

Investing an inheritance

Posted Leave a commentPosted in Financial Planning, Tax Planning

Yesterday I handled a consumer question about investing an inheritance and published the Q&A after-the-fact. The amount of money being passed to the baby boomer generation is phenomenal and it is a huge impact on many people’s lifetime financial success. One recent study by the Bureau of Labor and Statistics indicated almost 1 in 3  American households […]

A closer look at the self-employed health insurance tax deduction

Posted 1 CommentPosted in Tax Planning

The self-employed health insurance deduction seems simple at first glance but can trigger tricky questions when dealing with the details. Unlike other business expenses and itemized deductions, this is a separate deduction taken on the first page of the Form 1040 tax return. Because of its “above the line” status this deduction can be more valuable […]

Whole life insurance revisited

Posted 1 CommentPosted in Employee Benefits, Financial Planning, News and Politics, Tax Planning

One of the most maddening topics for me as an adviser has been whole life insurance for working class clients. It is clear that whole life insurance is the #1 financial vehicle of choice for the “top 5 percenters” in the wealth scale, often through the corporate entities that they control, but what about the […]

Colleges may stop offering CFP

Posted Leave a commentPosted in Financial Planning, Tax Planning

Wall Street Journal Wealth Adviser brief writes “CFP controversy hits educators. College-level educators expect to see fallout from the CFP Board’s recent troubles over how advisers have been using the “fee-only” label. For one thing, it’s likely to hurt enrollment in CFP exam courses, one professor tells Financial Planning. Some educators are wondering if they […]