How to Utilize Opportunity Zones in 2025
Have you ever heard of Opportunity Zones? Established as part of the Tax Cuts and Jobs Act of 2017, the Opportunity Zone program was created to spur investment in economically distressed communities by offering investors significant tax incentives. In essence, they’re a government-backed way to encourage you to reinvest capital gains into designated areas in […]
7 Accounts CPAs Need for Retirement
Over your career, you’ve probably accumulated quite a collection of financial accounts – maybe more than you’d like to keep track of, and as retirement approaches, there’s a natural desire to simplify and consolidate. That makes sense! However, while over-complexity isn’t good, neither is over-simplifying. But when it comes to building a robust retirement framework, […]
2025 Retirement Plan Updates: New Opportunities for CPA Practice Owners
New year, new financial landscape. As we step into 2025, CPA practice owners are facing a mixed bag of changes that could reshape their retirement strategies. While the IRS opens up some generous new contribution opportunities, they’re also tightening the belt on high earners through Social Security adjustments. Let’s unpack what these changes mean for […]
Estate Planning Strategies for CPAs in 2025
Estate Planning Strategies for CPAs in 2025 2025 brings in big news for estate planning, particularly relevant for CPA firm owners who may need to consider both personal assets and their practice’s value in their planning. Since 2018, we’ve enjoyed generous estate tax exemptions, and they were set to expire at the end of next […]
Protecting Your CPA Practice Before Retirement: The Importance of Key Person Insurance
As a CPA practice owner nearing retirement, you’ve likely devoted significant thought to your exit strategy. But what if, just before you’re ready to step away, one of your key team members becomes unable to work due to illness, disability, or even death? While it’s a difficult scenario to contemplate, planning for every possibility is […]
Is Early Retirement a CPA’s Best Move or Biggest Gamble?
When you’re young, your greatest resources are your time and health, though you likely don’t have as much money. As a CPA, you may consider delaying retirement until full retirement age or beyond to build a sizeable nest egg. However, by that time, your health may begin to falter, and you’ll have less time to […]
How Annuities Are Used In Retirement Planning
What’s your greatest retirement concern? Whether it’s inflation, health issues, or even the challenge of staying engaged in retirement, these are all valid considerations. However, the most common concern among pre-retirees is the possibility of outliving their savings. Without sufficient funds, other retirement concerns can become more challenging to manage. Therefore, a key priority in […]
Why CPAs Need Long-Term Care Insurance
America is facing a growing health crisis, one largely driven by our own daily habits. Surprisingly, it’s not about smoking, drinking, or even unhealthy eating. Instead, a significant contributor is something that happens at the workplace, and while you’re reading this, you might be doing it yourself—albeit passively. To cut to the chase, the issue […]
Protect What You’ve Earned: A CPA’s Roadmap to Asset Security
You open your mailbox one day to find a certified letter waiting for you. As you sign for it and start reading, you realize it’s a summons to the courthouse. A client has filed a lawsuit against you, and now you’re going to have to defend yourself in court. You never thought this would happen […]
The Key Sections of Medicare: Essential Knowledge for CPAs
As a CPA, you’ve had a long and stressful career, and it has likely affected your physical and mental health. In retirement, you’ll finally get a breather from those long hours sitting behind a computer screen, helping your clients reduce their tax burden. In retirement, it’s time to take care of yourself, and one of […]
