1See Why Aren't Checklists A Financial Planning Standard? by Michael Kitces.
2Most frequently requested through online searches.
With the tax season behind us, smart business owners and their advisers are turning to tax planning to address the loss of tax deductions and the increased wage and income tax costs brought on by the Affordable Care act and other changes. There is no patent solution that applies to all small business firms. Every business is unique and needs to weight the cost saving options in light of its own financial situation. Tony Novak's list of hot topics for small business will be included in the July 2014 edition of New Jersey CPA magazine.
Want to know how much accountants charge to prepare income tax returns? See the new national survey results for 2013. Also, it makes sense to compare the cost of DIY services with the risk of missed deductions or errors. For some, it makes sense to do your own but at higher income levels it always makes sense to use a third party preparer. Keep in mind these are averages rates of all tax preparers in the U.S. I'd prefer to see clients spend less spent on tax preparation and more on tax strategy and financial planning so that is usually reflected in my own pricing.
November 4, 2013 - The complete PowerPoint presentation for the New Jersey Society of Certified Public Accountants Webinar delivered November 4, 2013 to reporters and CPA members is available for reference or download.
There are two ways to avoid the new ACA Medicare tax that would otherwise cost average upper middle class taxpayer an additional $2,000 per year. The first way is to avoid triggering the tax at all. These tax strategies are most effective if planning starts well in advance. The second approach is to minimize the basis of the tax assessment after it is triggered. It is important to know where you fall under the new tax law. A tax review and planning session is the best way to know for sure. This can be done in person, by telephone or via video conference (Skype, Google+, Facetime).
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