Tax Obligations You Need To Know About


This month we're talking about everybody’s favorite topic: taxes and tax obligations. We know, we know…it’s actually not your favorite topic, nonetheless, it’s a very important topic so it’s something we’ve got to address. If you missed our first two posts this month, make sure you check out our posts on How To Choose The Right Business Entity and Surprising Tax Deductions—both are full of insights you need to know. This week we'll be continuing our series by talking about tax obligations … [Read more...]

Surprising Tax Deductions For Financial Advisors


Last week we kicked off the month by giving you the information you need to decide which entity is best for you. This week, we want to talk about something that you might find to be a lot more fun—tax deductions! As a Financial Advisor, you can deduct your mileage and other auto expenses, office rental, employee wages and contract labor. But did you know there are a plethora of other things that you may be able to deduct on your taxes? Keep reading to learn about some truly surprising tax … [Read more...]

How to Choose the Right Entity

Which entity

Which type of entity is right for you? There are four types of entities and the one you choose can either work for you or against you. Let’s take a good look at some of the more important pros and cons associated with each entity type.   1) Sole Proprietorship This is the most common business structure. It’s easy to form and it offers owners complete control. The downside?  The owner is personally responsible and liable for all financial obligations of the business. If you get sued … [Read more...]

How To Conduct An Income Growth Strategy Session

growth tax time

During tax season, most CPA’s put in at least 60 hours of work each week. They don't have the ability to look at growth opportunities for their clients at this time. It’s an exhausting few months filled with tight deadlines, anxious clients and more often than not, too few hours in the day to get everything on the to-do list done. It’s not uncommon for the clients your CPA networks manage to request help growing their wealth during tax season. After all, for many, this is when they take a … [Read more...]

How To Help Your Clients Get Organized At Tax Time

Get Organzied

Earlier this month we gave you a glimpse into the typical day of an accountant and last week, we taught you about some great time-saving hacks and technologies that you could share with the CPAs in your network. This week we’re going to give you some tips on how to add value to your relationships with clients by assisting them in coordinating their tax documents for their CPAs and get organized. By helping your client get organized for tax season, you’ll also be helping your client’s CPA. … [Read more...]

How To Work Within A CPAs Schedule

CPA Schedule

As a financial advisor, it’s always good to expand your connections and try to create relationships with new CPAs. In order to do that, it’s important to keep in mind just how hectic tax season gets for CPAs. This will allow you to respect their time and give you the ability to know how to best connect with them and work within their schedule. Let’s take a glimpse into a typical day in the life of a CPA. The average accountant works 60 hours per week during tax season. Most CPAs start each … [Read more...]

How To Turn Email Subscribers Into Paying Clients

Every time you go to a networking event or get introduced to a new CPA by a client or referral partner, you have an opportunity to grow your email list. And if you haven’t heard, there’s money in your list. Big money.  While you can’t collect a stack of cards at an event and throw all of those email addresses into your CRM without risking an expensive slap on the hand; you most definitely can add them to your list after acquiring permission from the account holder to do so. And that’s not so … [Read more...]

The Smartest Way To Clear Clutter

As a Financial Advisor, your clients see you as the go-to guy (or gal) for just about everything that has to do with money. As perfectly proactive as you are, there’s one area of financial management that many advisors don’t dig into deeply enough with their clients: philanthropy.  For whatever reason, it’s simply not a topic that’s bridged very often unless you’re managing portfolios for exceedingly wealthy clients with private foundations and/or charitable trusts. However, truth be told, a … [Read more...]

How To Get Organized, Fast

We want to tell you a story. Once upon a time, in a village far, far away there lived a financial planner. This financial planner knew a few CPAs and he was trying to build better relationships with them, in hopes that it might lead to business referrals. The financial planner was always reaching out to his CPAs friends, offering tips and tricks and helpful strategies whenever he could. He covered just about every topic he could think of…except for anything having to do with business … [Read more...]

How To Help CPA’s Stop Stressing At Tax Time

As a Financial Advisor, you know how it works. Relationships are everything. And relationships are built over time between people that support each other. Take CPAs for example. When you get in the habit of sending referrals and helpful insights to a select number of CPAs that you’re building a relationship with, you’re going to get noticed. And in turn, the likelihood of them directing referrals to you increases ten-fold. We all know tax time is stressful. Especially for CPAs that have … [Read more...]