As the end of 2015 approaches, here is a list of 10 things you can do this month to prepare for the new year and kick off 2016 with a bang. #1 Your 2016 Marketing Plan If you haven’t already, draft it and fine tune it. Your roadmap toward achieving your goals is a numbers game! Start with your financial goals for the year, determine how many clients you need to retain based on your average fees, set a marketing budget, then identify your marketing activities. Finally, plug it all into … [Read more...] about Making a List, Checking it Twice! 10 Ideas to Jump Start 2016
Year-End
Year-End Tax Planning, Part 2
As my prior blog indicated, as the end of the year approaches, your tax liability is beginning to solidify. As the ball drops in Times Square tonight, most of your ability to plan for your 2014 bill goes out with the old year.You could make a contribution to a 529 plan yet today.You can do annual exclusions for up to 5 years.So, if you miss the boat on making a contribution today, you can use future annual exclusions to cover the contribution next year.A 529 plan allows tax benefits for … [Read more...] about Year-End Tax Planning, Part 2
Year-End Tax Planning
As the end of the year approaches, your tax liability is beginning to solidify. As the ball drops in Times Square next week, most of your ability to plan for your 2014 bill goes out with the old year. Consider your income and expenses for 2014 and 2015.Would you be better to defer some income or expenses into 2015?Would you be better to accelerate some income or expenses into 2014?Normally, it is better to defer income and accelerate expenses. However, each situation is different.Businesses have … [Read more...] about Year-End Tax Planning
