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AAFCPAs Wealth Management Shares Proactive Strategies for Investors in a Strong Market

AAFCPAs Wealth Management is constantly reviewing market conditions to be thoughtful, disciplined, and opportunistic to changes that occur over time.  Market volatility is not something you can control, but how you position yourself now will have a lasting impact. The US financial market is strong. Rejoice! The bull market continues for the past eight years since the great recession.  Good markets allow us to grow and squirrel away money before... continue reading

The Bucket System: Managing Your Assets in the Face of Volatility

The Bucket System: Managing Your Assets in the Face of Volatility

Nonprofit World Magazine – Joel Aronson, wealth advisor, AAFCPAs Wealth Management provides members of the national Society for Nonprofits (subscriber content) with insight into a simple system that is key to financial stability. As a nonprofit leader, you’re no stranger to cash flow crunches. But you can attain a new level of stability if you persevere with a vision of stronger revenue capital management. The key is to look at your... continue reading

AAFCPAs Wealth Management Update: Election Results

The end result of a polarizing presidential race certainly rocked the boat called Wall Street this week.  The markets responded as they almost always do when Uncertainty Rules – they proceeded to quake and quiver.  As we have seen repeated in history, for example:  9-11, and Brexit, unexpected, contentious events often cause overreaction from investors. The fact is, a Trump win was not factored into the market, causing a reactive... continue reading

Plan sponsors: how can you minimize risks?

The term “fiduciary responsibility” has been in the headlines quite a bit this year.  Most of the discussion is around investment advisors, but the term also comes into play for business owners and executives. Being a fiduciary means being personally liable for the prudent management of someone else’s money, so it is a serious topic that deserves attention.  For business owners and executives, that high fiduciary standard applies when it... continue reading

Panel Provides Guidance for Employee Benefit Plan Sponsors and Other Fiduciaries

AAFCPAs Davide Villani, CPA, CGMA, Managing Director, Employee Benefit Plan Audits, will join a panel of IRS, DOL and ERISA professionals providing guidance for plan sponsors and other fiduciaries on 401(k) and 403(b) retirement plan compliance.  This session will help employers manage their fiduciary responsibilities through a better understanding of regulations and common risk areas. Workshop attendees will gain an understanding of: The key areas of ERISA fiduciary responsibility, The... continue reading

Nonprofits and the “Bucket system”: from cash management to investment returns

It can be tempting for nonprofits to focus solely on near-term strategy.  The grant environment is challenging, and competition for donor dollars has never been fiercer.  Keeping a plan on track that supports financial health is often a year-by-year exercise. That exercise, though, varies widely depending on how the organization brings in revenue. Those that receive significant funding in waves can take a different approach than those that are solely... continue reading

Congress to Vote on Tax Extender Bill Friday

On Tuesday night, Congress reached an agreement on a year-end spending and tax deal that includes the much anticipated tax “extender” provisions.  The tax bill is expected to extend around 50 credits for businesses and individuals, while also delaying until 2017 a tax on medical device manufacturers.  This news provides some insight of what to expect, including: Research credit and Section 179 expense made permanent New Markets Credit and bonus... continue reading

Tax Planning Guide for Individuals and Businesses Year-End 2015

AAFCPAs is pleased to provide you with detailed tax planning guides that we know you will find helpful in navigating the numerous tax updates taking effect in 2016! If you have not done so already, there is still time to consider year-end tax-saving opportunities. These tax guides are organized into sections discussing year-end, as well as year-round, tax-saving opportunities for: Click here to download the Guide for Businesses (19 pages),... continue reading

Reduce Your Corporate or Partnership Income Tax for 2015

For every business, there is a lot at stake when it comes to tax. AAFCPAs wants you to take full advantage of all available tax benefits to assure you are optimizing your tax liability. Below are a few examples of vehicles to consider that may work favorably for you, but your planning should begin now.   Advantages of a establishing a Profit Sharing Plan using a New Comparability Plan: A New... continue reading

In Down Market, Consider Recharacterizing Your Conversion to a Roth IRA

AAFCPAs reminds our clients and friends that October 15th is the deadline for re-characterizing (“undoing” or “reversing”) a rollover or conversion to a Roth IRA from a traditional IRA made in 2014. This is a rare opportunity offered by the IRS, where you, as a taxpayer, may undo a tax strategy that may no longer be economically beneficial. A key factor in the decision to recharacterize is whether the value... continue reading