Top 100 CPA Blogs And Websites For Accounting & Tax Pros Award
The Best CPA blogs from thousands of top CPA blogs in an index using search and social metrics is compiled to select this list.
The Best CPA blogs from thousands of top CPA blogs in an index using search and social metrics is compiled to select this list.
“Great things are not done by impulse, but by a series of small things brought together.” -Vincent van Gogh
Early in my career as a manager, I discovered that when one employee receives a reward or bonus, some coworkers could respond with a little resentment or skepticism.
In a 2015 article in the Wall Street Journal, it was noted that GOP candidate Jeb Bush saved an average of $350,000 per year via the use of a pension plan. This translates to $1,750,000 over the course of five years by diverting money that would otherwise be spent on income taxes. According to reports, Bush’s plan was built for two unnamed individuals, likely Jeb and his son. While this strategy is legal, it is relatively under utilized by many professional accountants. Similar to the defined benefit plans from the era before the 401(k), a pension plan allows you and your employer to contribute much more than a traditional pension plan, which enforces the following limits on the amount of money you can contribute per year to your 401(k):
I believe that the major differences between those who refer to themselves as Tax Preparers, Tax Advisors and those actually accredited as Certified Public Accountant Personal Financial Specialists (CPA/PFS) are best appreciated when you understand that your long-term monetary financial health depends on it.
I was recently interviewed by US News Education on what are the best types of College Savings Plans. It was a great experience to share my own plans that I put in place years ago for my daughter. Seeing the results of that plan in my own life has only made it easier to help benefit my clients.
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