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What’s on our mind?  You can read about it in our blog.  Whether it’s ideas from the industry, our concerns and observations, or emerging trends, you can find it here.  Once in a while, we may toss in a movie review or some other surprise.  So keep checking in.  We’re glad to have you reading along.

Saturday, July 20, 2019

“Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay...

Thursday, June 20, 2019

When builder George P phoned to ask how we work with clients, it became clear he would rather repair a roof in a snowstorm than meet with me. However, his accountant insisted. I tried to answer When a builde in kind. I said, “We work the...

Wednesday, June 19, 2019

For many, the term “401k” or “403b” is synonymous with retirement preparation and sometimes is the full extent of their financial preparedness. Such accounts are usually part of an employee benefits package and...

Saturday, June 15, 2019

Consumers are seeking information, even instruction, about personal finances. Some, for specific goals such as retirement or college expenses; some is simply to learn how to make ends meet or to become more confident or wealthy . . .

Tuesday, April 2, 2019

Your child isn't the high school valedictorian? Qualify for a scholarship? In fact, thousands of dollars are awarded each year for the most unusual things. Consider these: Right-handers need not apply. Frederick...

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Wednesday, March 6, 2019

Here are some counter-intuitive thoughts: If you won the lottery today would you put your money into an account that earns zero interest? When you pay off your mortgage, you reduce the interest you pay on your loan, but you no longer...

Tuesday, March 5, 2019

Did you remember to review your Estate between Christmas and New Year’s? 2019 is in full swing. Now is a good time to review your estate documents. Are your Estate Planning documents in place and current? It is important you...

Tuesday, March 5, 2019

Your partner is Uncle Sam and he makes the rules. Those rules can change at the stroke of a pen. You do NOT get a tax deduction when contributions are made. You receive an income reduction and defer the tax liability. You or your...

Thursday, February 21, 2019

A professor brought a large clear jar into class. He set it on the lab table in front of him. He reached under the table and began to fill the jar with smooth river rocks and told the students to stop him when the jar was full. Soon...

Saturday, December 8, 2018

What if you had to buy a new car each year for four years, at least, and you couldn’t drive them? Sound absurd? That’s the cost of a College Education. Whether you pay for a fleet of Honda Civics, Priuses, or loaded...

Sunday, November 18, 2018

I am happy to say that my condition will soon better. I owe it all to Dr. M. My Family Doctor, Dr. M of Bayhealth in Milford examined me when I complained that my nose was invariably stuffed beyond breathing every morning and was...

Tuesday, October 23, 2018

I hate losing money. I don’t like to spend money when I don’t know if I what I buy will get used. But, I DO buy fire, auto, and health insurance, etc. The truth is I couldn’t sleep without these protections. In a...

Wednesday, September 19, 2018

The 28th annual Retirement Confidence Survey for 2018 sponsored by multiple banks, brokers and AARP of 2,000+ retirees and workers shows some interesting results. Notably, retirees are less confident about their money holding out. They...

Tuesday, July 31, 2018

Boy Scout motto: ‘Be Prepared’ Owners planning to exit their businesses in the next decade, voluntarily or not, may be in for a rude awakening. A successful transfer is the result of careful preparation. “Plan for the...

Tuesday, July 24, 2018

I am a die-hard fan of The Profit, the TV program that showcases Marcus Lemonis’s attempts to rescue failing businesses. His mantra – People, Process, Product – rings true and is proven over and over again. But...

Thursday, June 28, 2018

A boy asks a wealthy businessman how he is able to make money without being a wage-earner like most other grownups. The businessman is amused... “I will tell you...

Tuesday, June 19, 2018

The short answer is, “Yes.” Well, maybe. Most likely. Contrary to the rumors, the charitable deduction is unchanged. However, the applicability of the deduction – claimed by those who file using itemized deductions...

Sunday, November 5, 2017

“The Real Cost of a Vacation Home” – Rebuttal A few weeks ago, a video was sent to my email list and to my ‘friends’ on Facebook, Twitter and linkedIn. As sometimes happens, I failed to review the video...

Wednesday, October 18, 2017

In the last two days different people expressed the same sentiment with which I found myself in whole-hearted agreement. One man mentioned that he insisted his daughters pay a part of their college expense from money they earned...

Friday, July 7, 2017

WHAT IS A CONUNDRUM??? Free people are not equal. Equal people are not free. (Think this one over and over… makes sense!) A gun is like a parachute. If you need one, and don't have one, you'll probably never need one again. The...

Thursday, June 8, 2017

Investment salesmen have been touting their company inventory rather than the best available selections. The Department of Labor has ordered investment sales organizations to act as fiduciaries for their customers

Tuesday, May 23, 2017

The cost of College can be extremely expensive: Now $14 to $62,000/year growing 5-8% annually. Saving smarter will stretch those dollars, avoiding tax and excess risk, while offering unique flexibility. Permanent life . . .

Monday, May 1, 2017

If, when you hear R&D, you think of people in lab coats tinkering with chemicals, ultra high-tech industries and Fortune 500 companies, you are not alone. However, things have changed!In 2001 the IRS changed the definition of R&D and...

Thursday, April 27, 2017

A soldier sleeping during an airport layover with his canine partner.There is no measure of loyalty greater than that shown here.Sleep soundly soldier.A worthy goal in life is to be as good a person as your dog thinks you are!God...

Monday, April 10, 2017

A simple case study. [specialized tax incentives] Cost segregation has the effect of increasing depreciation deductions which in turn reduces taxable income, and in turn minimizes taxes paid and maximizes cash flow. This article...

Thursday, April 6, 2017

The Workers Opportunity Tax Credit [WOTC] applies if you hire specific types of employee. Credits run from $1,200 to $9,600 depending on the individual. The average is $2,400. A taxable business may apply the credit against its...