3 Little Known Tax Tips - Coaching Clients When to Retire

Employee Notices Required by ObamaCare in October
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Coaching Clients on When to Retire

By: Jerry Love, CPA/PFS, ABV, CVA, CFP
This is a question I am frequently asked by the Baby Boomer generation. After all, most of us have accepted there are stages in life and the logical progression is after we have been in the workforce for 40 something years, we should be able to retire. Well, the answer is the infamous “it depends.”
In the...

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3 Little Known Tax Tips

1. You can use money from your non-qualified annuity for long-term care premium payments in a tax-free exchange.
This tax-free exchange enables a tax efficient mechanism and less expensive vehicle to use funds that would been taxed to pay for regular long term care payments. Had normal distributions been taken prior to annuitization those distributions...

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Tax Court Decisions for Your Clients

By: Sidney Kess, CPA, J.D., LL.M.
The U.S. Tax Court is the court to use when the amount of federal taxes is in dispute and the taxpayer has not yet paid the bill. Several recent decisions from the Tax Court provide guidance for individuals and businesses in planning for future transactions.
Corporate services at cost
It is common practice...

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Avoiding Penalties on Early Distributions

By: Julie Welch, CPA/PFS, CFP
Penalties generally apply if you withdraw money from your retirement plan before you reach age 59 ½. The penalty is 10% of the taxable distribution. The penalty is 25% if you take a distribution from a SIMPLE retirement plan within two years of becoming a participant.
You are 40 years old, receive...

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Top 3 Time and Billing Solutions for 2013

Making the Most with Your Time
Tracking Time Fundamental for Practice Management Workflow Success
Time and billing is a moneymaker for any firm of any size. Failure to use it is failing to capture valuable time. It not only provides a more realistic invoice but also creates the budgeted time for the project in subsequent years, and provides...

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Amended Returns for DOMA

By: E. Martin Davidoff, CPA, Esq.
On June 26th, the United States Supreme Court found that Section 3 of the Defense of Marriage Act (DOMA) was wrong in failing to recognize state-authorized same sex marriages. As a result, all legally married gay and lesbian couples, residing in states that recognize their marriages, are considered married...

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Planning Life Insurance Post-ATRA

By: Martin M. Shenkman, CPA/PFS, MBA, J.D.
Insurance has, and will always remain, an integral part of many estate plans, regardless of the status of the estate tax. Life insurance can be used, as it has for many decades, to build an estate (e.g., for a young client with a modest estate and a family to support in the event of premature death), provide...

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With more than $11 billion in revenues and 60+ years of experience, ADP is a leading provider of business outsourcing solutions, offering diverse HR, payroll, compliance, tax and benefits administration solutions, and helping clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP offers diverse options for accountants and their clients and provides valuable accounting resources at www.accountant.adp.com.

BQE ProductSpotlight 9 3 2013

10 Ways to Make Firm Management Easier

Who wants to spend hours or days each month dealing with billing and management issues when they could be doing…anything else? BillQuick organizes information, automates repetitive tasks and makes managing internal processes easy. To learn more…

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Experience more power, speed and simplicity with QuickBooks Accountant 2014!  We’ve added even more features, like the Client Collaborator, additional batch entries, reassigning checks and the ability to send journal entries directly from QuickBooks to make this the most powerful release in years. Click here for more...


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