As you begin working with taxpayers to plan out their cash flow for retirement, you will want to advise them on the timing for withdrawing those funds. This is where the “bucket strategy” comes into play. The bucket strategy looks at four basic types of retirement income: For taxable non-retirement investments or brokerage accounts, taxpayers […]
Tax Planning for Retirement Income: Implementing the Bucket Strategy Read More »
First-time investors may spend a great deal of time and effort researching the best possible investment opportunities—but fail to take into consideration the tax consequences. What they may not know is that spending just a portion of that time on tax planning can save some or even all of their profits from taxation. Whether your
Tax Strategies for Investments: Securing the 0% Capital Gains Tax Rate Read More »
Profiting off your investments while also reducing your tax bill is a delicate balancing act. The more you learn about tax reduction strategies, the clearer it becomes that timing is essential to keeping taxes low. Putting these strategies into play requires advance planning, which is where the help of a Certified Tax Planner comes in
Count it as a Loss… and Benefit: How to Leverage Loss Harvesting and Loss Carryovers Read More »
Profiting from investments and reducing tax liability may seem like competing goals, but both can be accomplished with a little proactive tax planning. In the world of tax strategy, timing is key to keeping taxes low. One sometimes-overlooked approach is to be deliberate about when you realize and deduct financial losses. This type of nuanced
Tax Strategies for Investments: Making Use of Loss Harvesting and Loss Carryovers Read More »
Timing is the key to long-term investment success, especially because timing can have a dramatic impact on tax consequences for investment activities. If your investment is successful, at some point you will have to pay taxes on any capital gains—the profit you make from selling a property or investment. Appreciation on investments (increase in value
Timing is Everything: Strategies to Lower Your Capital Gains Tax Read More »
Long-term investment success is about more than the initial investment decision. As tax professionals know, timing can have a dramatic impact on the tax consequences for investment activities—but timing can also be used to your clients’ advantage. Remember that appreciation on investments is not considered taxable income until that investment is sold. Though there has
Tax Strategies for Investments: Controlling Timing for Capital Gains Read More »
As a tax business owner, you know the importance of constantly looking for ways to reduce costs. We’re going to help you by sharing the benefits of increasing workplace efficiency. Workplace efficiency has a sort of domino effect to it: Every time you practice efficiency in the workplace, you decrease the amount of time (and
The Surprising Link Between Workplace Efficiency & Your Budget Read More »