Personal Finance

No new taxes is good tax news

No new taxes is good tax news

No tax news is good news, for now E.J. McMahon One of the best things about New York’s newly adopted state budget for fiscal 2016 is something that’s not in it (yet): a costly new state subsidy of homeowners’ local property taxes. […]

by · April 1, 2015 · Op Ed, Personal Finance
Financial Focus: Wealth and Taxes

Financial Focus: Wealth and Taxes

Accumulate wealth and  reduce your tax burden Have a savings account? Own investment mutual funds?  Guess what, your taxes are going UP! Improving economic and market conditions are leading to an increase in capital gain value for savers and investors. Based […]

Financial Focus: DIY Income Tax Preparation: The Case Against Turbo Tax

Financial Focus: DIY Income Tax Preparation: The Case Against Turbo Tax

Cheaper & Faster vs. Identity Theft & Fraud Since the tech revolution in the 1990’s, many, including our financial service firm, use technology to make completing many tasks, simpler and cheaper. Today, technology offers the false promise of making every task […]

by · March 12, 2015 · Personal Finance
Financial Focus: Tax Season 2014

Financial Focus: Tax Season 2014

By Anthony C Rivieccio, MBA,PFA Taxpayers and tax professionals looking for certainty in the federal tax laws were generally disappointed in 2014. The year began with expectations high that Congress would finally take up tax reform and simplification. As the […]

Your Income Tax Rate– Financial Focus : Income Tax Planning, Chapter 8

Your Income Tax Rate– Financial Focus : Income Tax Planning, Chapter 8

So, why was it so important to go over the prior chapters of our Income Tax Series: Chapter 2 INCOME & DEDUCTIONS Chapter 3 FAMILY & EDUCATION Chapter 4 INVESTING Chapter 5 BUSINESS Chapter 6 RETIREMENT Chapter 7 ESTATE PLANNING   Because if you did not […]

Estate Planning & Taxes – Financial Focus : Income Tax Planning, Chapter 7

Estate Planning & Taxes – Financial Focus : Income Tax Planning, Chapter 7

E S T A T E  P L A N N I N G Seize opportunities while they’re available Now that estate, gift and generation-skipping transfer (GST) tax exemptions and rates no longer are scheduled to expire, estate planning may […]

Retirement & Taxes – Financial Focus : Income Tax Planning, Chapter 6

Retirement & Taxes – Financial Focus : Income Tax Planning, Chapter 6

R E T I R E M E N T Making golden decisions about your golden years Planning for your retirement means making a series of financial decisions that will have an impact on your golden years: Should you invest […]

by · January 23, 2015 · Editorials, Personal Finance
Financial Focus : Income Tax Planning, Chapter 5 – Small Business & Taxes

Financial Focus : Income Tax Planning, Chapter 5 – Small Business & Taxes

Tax planning could be a challenge for businesses this year. As of this writing, several valuable tax breaks that expired Dec. 31, 2013, have not been revived by Congress. In addition, some significant tax-related changes under the ACA require attention. […]

Financial Focus : Income Tax Planning, Chapter 4 – Investing & Taxes

Financial Focus : Income Tax Planning, Chapter 4 – Investing & Taxes

INVESTING. No easy task: Tax planning for investments involves many considerationsWhen it comes to tax planning and your investments, it can be difficult to know where to start. First, tax treatment of investments varies based on a number of factors. […]

by · December 26, 2014 · Business, Editorials, Personal Finance
Financial Focus – Income Tax Planning, Chapter 3 : Family & Education

Financial Focus – Income Tax Planning, Chapter 3 : Family & Education

Income Tax Planning 2014 Chapter 3- F A M I LY & E D U C A T I O NTurn your saving tax dollars into a annual family tradition2014 may be another good year for families to save taxes. Most […]

Financial Focus – Income Tax Planning, Chapter 2 : Income & Deductions

Financial Focus – Income Tax Planning, Chapter 2 : Income & Deductions

The question: To save or defer income and expenses:Answer:  Think about timing & The Alternative Minimum TaxMaximizing deductible expenses for a given year typically allows you to minimize your income tax — but not always. If you’re subject to the alternative […]

Financial Focus: Income Tax Planning- the Economic Savior for Christmas!

Financial Focus: Income Tax Planning- the Economic Savior for Christmas!

Tax Planning: WEEK 1 Its Holiday time! . Thanksgiving is now finished. The shopping now begins. The discounts, and spending, come forth. Its time to spend on gifts. Should we say not do? Maybe your thinking your Next Years Income […]

by · November 28, 2014 · Editorials, Personal Finance
Financial Focus: Nokia – A Technological Revolution Coming – or Past?

Financial Focus: Nokia – A Technological Revolution Coming – or Past?

This week Nokia unveiled a tablet running Google Inc.’s Android software, marking a return by the former smart phone-market leader into mobile devices just months after it sold its hand set business to Microsoft Corp. The tablet uses Nokia’s software […]

by · November 20, 2014 · Editorials, Personal Finance
Financial Focus: Happy 1st Birthday Twitter!

Financial Focus: Happy 1st Birthday Twitter!

Happy Birthday Dear Twitter, Happy Birthday to you!How old are you now?“My name is Twitter. I am 1 years old and I am worth 10% less than when I was born, 1 year ago today” Social Media is a great communication, […]

by · November 12, 2014 · Editorials, Personal Finance
Don’t buy the NY Knicks or Rangers Gear, Buy The Stock

Don’t buy the NY Knicks or Rangers Gear, Buy The Stock

In 2015, ALL The world, just like the basketball Boston Celtics in the City of Boston, can now own a DIRECT piece of New York Sports, via, The Men’s Basketball Knicks, the Woman’s basketball Liberty, and the Hockey team, New […]

by · November 1, 2014 · Editorials, Personal Finance