Wealth management news

Education & Careers

8 Lessons You and Your Clients Learn by Watching Downton Abbey

It's no joke: your Baby Boomer clients learn financial lessons from the show that are applicable a century later.
Wealth management

Friendly Reminder: Medicare Surtaxes Increase Taxes for Many

Obamacare's two separate Medicare surtaxes can complicate tax time—especially for investors.
Wealth management

Plan Ahead to Avoid Required Minimum Distribution Nightmares

Tax time is also for planning ahead, so the next tax season goes smoothly, with no nasty surprises.
Wealth management

How to Save on Taxes by Sharing the Wealth with the Family

When gift givers transfer ownership of income-producing property that has gone up over the years, everyone can win.
Wealth management

How to Donate Property: Avoid a Tax Punishment for a Good Deed

Cash is cash, but when you're donating property to a charity, there's a long list of rules that can reduce your tax break. Read the rules before you sign over that deed.
Wealth management

How to Work Around Intricate 'Kiddie Tax' Rules

The Tax Reform Act of 1986 introduced the complex "kiddie tax" rules. They restricted parents and grandparents from shifting investment income to lower-bracket youngsters.
Practice

4 Ways to Handle Gen X

They've made mistakes and may have money troubles, but it's not too late for their accountants to help them achieve a happy ending with a comfortable retirement. Sit down and have a good talk with your Gen X clients.
Wealth management

How to Alleviate the Cap Loss Tax Problem

It may look like the IRS caps loss deductions at $3,000, but that ceiling is not the whole story for tax-savvy investors. Julian Block shows how a clever Victoria's Secret model took full advantage of the IRC.
Practice

6 Reasons Friends Should Work with Friends

In Part 2 of this series, we look at the upside of working with friends. Despite various risks, when people really want something, they will make an effort to work with someone they know.
Education & Careers

Bitcoin Is Going Mainstream

Bitcoin is not just a flash-in-the pan. There are over 5 million holders of bitcoin, and 100,000 merchants accepting the virtual currency, with 1,000 more signing up each week. Don't get left out.
Practice

10 Things to Consider Before Referring a Financial Advisor

By referring an advisor, you can help your clients, many of whom need professional advice. But how can you know when the financial advisor you are referring is competent and ethical?
Practice Development

Accountants Use Their Skills in Divorce Arena

The fallout from divorce can wreak financial havoc long after the dust in the courtroom has settled. Accountants can help both parties move forward, thanks to their unique knowledge and skills.
Wealth management

How to Steer Clear of the Mutual Fund Tax Trap

Accountants are not wealth managers, but wealth management decisions have important tax consequences. It's good business to help clients avoid unnecessary investment-oriented tax bills.
Wealth management

How to Strategize Your Charitable Contributions

Charitable contributions provide great flexibility: You can use checks and credit cards down to the wire, and donated property can give you a lot of tax-savings bang for your buck.
Wealth management

How to Find the Cap Gain Tax Balance

Accountants often have to deal with the results of any investment advice clients obtained during the year, so it's a good idea for them to become adept at the deceptively tricky cap gains rules.
A&A

SEC Cracks Down on the Golf Course

Summer is a time for kicking back and playing a few round of golf with friends, for example. But if you're on the green, you'd better be careful: The SEC may be looking over your shoulder.
Wealth management

Last Chance For Multiple IRA Rollovers

A surprising Tax Court case has shut down a tax planning technique that savvy retirement-savers have been using for years. But there's still a small window of opportunity if you need it, until the new year, to give investors time to adjust.
Wealth management

Getting 'Down and Dirty' With a PIG

Clients may want to invest in a Passive Income Generator to absorb some of their suspended losses from other passive activities. This strategy is a twist on the classic tax shelter
Practice

JDJ Resources Corp. Leaders Split from Rothstein Kass

The founders of JDJ Resources Corp. said on Wednesday they have left the Rothstein Kass Family Office Group to launch JDJ Family Office Services, which will provide administrative multifamily office and personal CFO services.
A&A

Deal with Rothstein Kass Makes KPMG US Hedge Fund Leader

KPMG officials said the acquisition, which will be finalized in the coming weeks, will boost the Big Four firm’s presence in the alternative investments industry and capital markets, including hedge funds.

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