Tag Archives: cpa

Is Conventional Planning Right For You?

Do online interactive financial planning models really help people in deciding how much to save, to insure, and to invest in stocks and other asset classes? These models vary in complexity and in level of detail, according to a recent … Continue reading

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Business Tax Planning – Charting Your Course For 2008

It’s hard to believe that we are fast approaching the end of 2008 and, with the year’s end in sight, it’s time to do a little planning. What you do now will affect your company’s tax bill for 2008, as … Continue reading

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What To Do When A Love One Dies – Part One

What To Do As Soon As Possible Make a list of financial issues that will need to be addressed in the coming weeks and months, and focus on those actions that you must take soon or that lay a sound … Continue reading

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The Tax Audit – Minimizing Your Risks

Clients ask many questions, but one of the most frequent of them is, “will taking a deduction for (fill in the blank) flag my return for an audit?” Of course, the answer is often a qualified “yes”. Yes, some taxpayers … Continue reading

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First-Time Home Buyer Tax Credit

The single largest provision in the $15.1 billion package of housing tax incentives in the recently enacted Housing Assistance Tax Act of 2008 (the “Housing Act”) is a measure allowing individuals buying their first home to take a tax credit … Continue reading

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Why A Business Owner’s Exit Plan Is So Important

There are plenty of days when we want to “take that job and shove it.” But what happens when we’re sick of a job we’ve created for ourselves in a business we’ve founded? The idea is to make a plan … Continue reading

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Tax Payer Friendly Amendments Give Vacation Home Owners A Break

If you have been considering selling a vacation home that you rent out and use for yourself too, and you’re (justifiably) leery of incurring a big tax hit, a recent move—IRS Revenue Procedure 2008-16 that extends tax-deferred Section 1031 exchange … Continue reading

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Thinking About Private School for Your Kids? The Earlier You Start Saving, the Better

Considering private grammar and high school is a parent’s first introduction to a lifetime of saving for a child’s education. Depending on where you live, you might face a decision to choose between private and public schools, and there might … Continue reading

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How Not To Go Broke If Your Kids Move Back After Graduation

The after-college reality is much different from a generation ago. Two thirds of college graduates owe significant money after graduation. According to the Project on Student Debt, debt levels for graduating seniors with student loans from 1997 to 2007 more … Continue reading

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