Articles
Tax Strategies That The Wealthy Use to Save
Tax Strategies That The Wealthy Use to Save We all want to save money on our taxes, especially ultra-wealthy taxpayers who are hit the hardest by the nation’s highest tax strategies of the wealthy percentages. We know that the country’s richest 1 percent pays nearly a quarter, 24 percent, of all federal income taxes collected…
Professional Athletes Could Be Getting a Big Tax Victory in Cleveland
Professional Athletes Could Be Getting a Big Tax Victory in Cleveland Millions of sports fans all over the country love their favorite teams and athletes. A large majority of professional athletes from all walks of the sporting world make a lot of money and are some of the highest paid individuals in the country. While…
How to Choose an Investment Advisor
How to Choose an Investment Advisor Finding a reliable source for investment advice has always been a challenge. It’s especially difficult in today’s investment environment. There’s no shortage of places to turn for advice. The shelves at the bookstores are filled with “experts” offering their perspectives on how and where to invest. The financial pages…
Here’s a 15-item checklist of low-hanging tax tips for financial advisors
Here’s a 15-item checklist of low-hanging tax tips for financial advisors It’s tempting to put April 15th behind you, but here’s how you can plan for next year: With April 15th behind us, many people put tax issues onto the back burner until they’re staring at the next deadline. Alan Olsen, managing partner at Greenstein,…
How To Stay In Control Of Your Company
How To Stay In Control Of Your Company Have you ever watched the popular ABC program Shark Tank? This “reality” show allows entrepreneurs and business owners to pitch their business ideas or products to five extremely wealthy investors who are successful entrepreneurs in their own right. The panel of “shark” investors even includes Dallas Mavericks’…
Family Limited Partnerships: Pros and Cons
Family Limited Partnerships: Pros and Cons A new approach to managing family wealth, the family limited partnership (FLP) has become popular in recent years. As an alternative, a Family Limited Liability Company may be used with similar results. These techniques offer several possible advantages: Family Limited Partnerships • consolidation of assets for convenient management; •…
Taxpayers May Claim Deductions for Vacation Homes
Taxpayers May Claim Deductions for Vacation Homes Updated: 3/22/13 Taxpayers are allowed to claim deductions for their primary residence and one vacation or second home. In the case of the main residence, tax breaks are usually limited to mortgage interest and property tax deductions. However, there are more deductions available when you own a second…
Employee Retention: Reasons Employees Leave
Employee Retention: Reasons Employees Leave Workers still consider a competitive pay and benefits package to be indispensable, but employers need to offer more than that to keep employees satisfied and on the job. Nearly all of the workforce (96 percent) rated a fair salary as very or somewhat important and 93 percent said the same…