Consolidate accounts and simplify your financial life

Posted on Leave a commentPosted in albuquerque CPA , TAX advice, Colorado Tax and Accounting Consultation, Personal consulting

  If you’ve accumulated many bank, investment and other financial accounts over the years, you might consider consolidating some of them. Having multiple accounts requires you to spend more time tracking and reconciling financial activities and can make it harder to keep a handle on how much you have and whether your money is being […]

Business Growth

Posted on Leave a commentPosted in Business Planning and Consulting, CFO Outsource, Personal consulting

4 pillars of robust business growth Many businesses start life small and simple. But with growth comes the need for a stronger company infrastructure and increased operational sophistication. As you pursue a more robust business, focus on these four pillars: Organizational management Implement a formalized system for measuring performance that begins with written job descriptions […]

Tread carefully if you and your spouse have similar trusts

Posted on Leave a commentPosted in Estate Tax, Personal consulting

When spouses have similar irrevocable trusts for each other’s benefit, they can be subject to the “reciprocal trust” doctrine. It prohibits tax avoidance through trusts that 1) are interrelated, and 2) place both grantors in the same economic position as if they’d each created trusts naming themselves as life beneficiaries. What not to do Suppose […]

Some things for Anthony Scaramucci and Deidre Ball to consider – tax considerations in divorce.

Posted on Leave a commentPosted in Personal consulting, Personal Finances, Tax

With everyday giving us exciting headlines of the workings of the White House; we wonder if Anthony Scaramucci, the new communications director and his soon to be ex, Deidre Ball have considered how their divorce may affect their taxes. I have no association with either party, but divorces do happen and this might be a […]

Higher medical costs = Fewer Malpractice Claims

Posted on Leave a commentPosted in Colorado Tax and Accounting Consultation, Personal consulting, Personal Finances

Defensive medicine is widely practiced in the United States and bears a direct coorelation to lower malpractice claims. Physcians reporting the practice of  “defensive medicine” — care provided solely to reduce the threat of malpractice liability — have significantly lower malpractice claims. In Massachusetts, for example, greater than 80% of physicians reported practicing defensive medicine, which consists, […]

Review your powers of attorney at least every 5 years

Posted on Leave a commentPosted in Estate Tax, Personal consulting, Personal Finances

Powers of attorney are critical components of an effective estate plan. After you’ve executed powers of attorney, it’s important to review them periodically — at least every five years and preferably more frequently — and consider executing new ones. 2 types A sound estate plan should include two types of powers of attorney: Financial power […]

What to do with your old retirement plan when you change jobs

Posted on Leave a commentPosted in albuquerque CPA , TAX advice, Personal consulting

First and foremost, don’t take a lump-sum distribution from your old employer’s retirement plan. It generally will be taxable and, if you’re under age 59½, subject to a 10% early-withdrawal penalty. Here are three alternatives: 1. Stay put. You may be able to leave your money in your old plan. But if you’ll be participating […]


Posted on Leave a commentPosted in Personal consulting

On the heels of the financial crisis, banks tightened their lending policies and many companies couldn’t qualify for inexpensive fixed-rate loans. Instead, they took on variable-rate loans. Interest payments that fluctuate based on the U.S. prime rate or London InterBank Offering Rate (LIBOR) index are a viable option, as long as rates continue to hover […]