client service opportunities

when clients cash out: four smart financial moves

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how to put your clients in the best possible position.

by anthony glomski

there are over 28 million businesses in the united states today. while the odds of being highly successful remain long, many businesses that do succeed are often worth far more than their owners imagined.

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the main reason for that disconnect is that owners are laser-focused on growing their business; they’re not in the business of buying and selling businesses like investment bankers are.
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how hidden bias taints results

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statue of scales of justicedon’t make your job harder.

by ed mendlowitz
call me before you do anything: the art of accounting

it is very hard to avoid injecting bias in investigatory forensic work, but essential if you want to be successful. i had a great experience to illustrate this.

more: you must push the pencil | my boss hated the client | fired from my first job | staffers need to speak up with clients | bored by cpe? you’re missing out! | clients buy solutions, not hours | roger is my only client
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first, very few people do things that are completely unbiased. most everyone starts with some sort of preconceived idea and, whether consciously or subconsciously, they lean toward that. maybe i should have said unconsciously. so many people do things without a clue, but that is a different story.
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what to do with an inherited mortgage

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4 specific tips.

by barry j. friedman, cpa
industrynewsletters

the right of inheritance applies to all property, including properties with mortgages attached to them.

more: alternative minimum tax: what’s it like today? | the latest rules on charitable donations | the latest fraud problem: synthetic identities | how to challenge property taxes | real estate, iras & clients | percentage-withholding for clients | bitcoin: what clients need to know | supreme court wayfair ruling sows confusion – and opportunity
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if your client inherits a mortgaged property, a number of questions and concerns may pop up, including whether the mortgage can be assumed. your client may wonder how to record the deed and take title to the property.
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you must push the pencil

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woman's hand using a pencil on notepadsometimes the conventional is not wisdom.

by ed mendlowitz
call me before you do anything: the art of accounting

tax rules continuously change, but the specific tax matter here is not what’s important. what is important is the process.

more: when to keep some plans to yourself | employees have better memories than bosses | when writeups went extinct | kennedy’s acceptance speech
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in the 1970s the tax law provided for a penalty for certain family corporations retaining “excess” earnings and not paying dividends. for the record the individual tax rate on dividends then was 70 percent, so forcing the payment of dividends would give the government that much more tax – on some level you can say that it almost was a confiscatory tax.
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alternative minimum tax: what’s it like today?

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there are only two brackets for 2018.

by barry j. friedman, cpa
industrynewsletters

the tax cuts and jobs act made many changes to the individual tax law, including the alternative minimum tax.

more: the latest rules on charitable donations | beware the taxes of self-employment | charitable giving under tcja | why padding tax deductions is a risky proposition | portability: sharing the estate tax exemption
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one of the goals of the new tax law was to reduce the impact of the amt or even to repeal it entirely. a modification was made – let’s see what it could mean to your clients.
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