“Planning is bringing the future into the present so that you can do something about it now.” – Alan Lakein. It is the foundation for success. This applies to the succession of your business or your family or loved ones’ businesses. We have seen many businesses go...
Many of you will remember Jack Benny, the deadpan comedian. Jack was famous for acting out the story of a holdup. He was robbed at gunpoint and the thief was not joking as he uttered: “Your money or your life!”. Jack would look at the...
Can you predict the future? I suspect most of you reading this would say no. For those that would say yes, perhaps you need some therapy (humor intended). What if I asked you: “do you feel connected to your financial future?” Behavioral finance, like any young...
For many people already in retirement, Social Security benefits and home equity constitute their biggest assets in retirement. In recent years, professional journals have shown articles by leading experts recommending strategies using the home’s equity in producing needed income, not just as a last resort...
The best way to explain these concepts is by asking some of the questions my clients ask me: What do you get when you put the words “THE” and “IRS” together. THEIRS. They will get THEIRS one way or another, but you do have a say...
We have all heard the phrase on TV crime dramas: “He who represents himself in court has a fool for a client”. This concept applies equally to your taxes. Which leads me to my plumbing project. If you think there is no connection between my...
The Accountancy has been welcomed by the International Association of Independent Accounting Firms (INAA). Please view the press release here. “On behalf of the entire INAA board, as well as each INAA member, we want to welcome The Accountancy firm to the INAA family. To the INAA members...
Unless you have been on another planet or in the witness protection program, you have heard by now that there is a new tax law, effective January 1, 2018. Along with this law, there are a series of sweeping changes, too many to go into...
Your taxes will change in 2018 with the new tax law being enacted.Let’s show you how you will be impacted. Alternative Minimum Tax (AMT) did NOT go away! The starting point at which the AMT affects taxpayers has been increased slightly, so fewer will be affected...
Happy New Year Everybody! I had two choices for this article: this one, or I could have written about the new tax law. As the latter is so confusing, (and we are still studying it) I opted for the former. I did some research. What I found...