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Market Volatility and Portfolio Reviews
Given recent market volatility and uncertainty, we want to remind you that we offer portfolio review services through our Registered Investment Advisor, the AKM Consulting Group. Continue reading
News Coverage: Jack Gold Widely Quoted on Christian Lopez Yankees Story
AKM Partner Jack Gold was widely quoted in a story about Christian Lopez, the Yankees fan who caught — and returned — Derek Jeter’s 3,000th hit. The team showered the lucky fan with gifts valued at upwards of $30,000, all … Continue reading
December 2010 Client Information Bulletin
In This Bulletin – 1) One Management Style Does Not Fit All – Three Different Ways of Running a Business 2) The Clock is Ticking – 10 Last-Minute Tax Moves, 3) Highlights of the New Small-Business Law, 4) Reasonable Comp for a Dynamo, 5) Resume RMDs From Retirement Plans, 6) Facts and Figures Continue reading
AKM passed a rigorous peer review
AKM passed a rigorous peer review by the American Institute of Certified Public Accountants (AICPA) Peer Review Committee Reporting Acceptance Body. Our next review will be in September 2013.
2010 Small Business Jobs Act
The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business, paid for with various revenue raisers. Here’s a brief overview of the tax changes in the new law. Continue reading
Nexus and the State's Jurisdictional Right to Tax
An issue for any corporation or other business entity operating in more than one state is determining the states in which it must file returns and pay income and or sales tax. It may also be subject to tax in other states in which its property, employees or other agents are physically present on a regular and systematic basis. A state has jurisdiction to tax a corporation or other business organized in another state only if the out-of-state corporations’ contacts with the state are sufficient to create nexus. Nexus is defined as some link between the state and the corporation it seeks to tax. Different taxes may have differing threshold standards for establishing physical or economic nexus. Those standards are the outgrowth of judicial decisions that are accepted or modified because of legislative activity. Continue reading
AKM 2009-2010 Tax Planning Guide [AKM Forbes Featured Institution]
You can’t do much about economic ups and downs, but you can take steps to minimize your tax burden, no matter which way the market moves. The key is to continually adjust your tax plan in light of economic swings and changes in tax laws or your personal situation. Continue reading
Keeping Your Balance: A Systematic Approach to Monitoring Your Investments
When it comes to monitoring portfolio performance, most people belong to one of two schools. The first takes the old maxim “buy and hold” to an extreme. People who belong to this school tend to do nothing at all about their portfolios, trusting that market forces will eventually work in their favor. The second is sort of like an ER nurse, constantly scrutinizing vital signs and rushing to “fix” the latest crisis. People who belong to this school are likely to buy and sell frequently, with no clear sense of the bigger, longer-term picture. Continue reading
Little Known Tax Strategies
As you get ready to file your 2008 tax return, take a quick look at the list that follows. It’s a summary of little-known tax strategies that may save you money when you file your tax return. It pays to take a look. You may wind up owing Uncle Sam less than you thought, or get a bigger refund than you expected, even if only one of these strategies applies to you. Continue reading
When Is It Time to Lay an Estate to Rest?
Deciding when to close out an estate can be tricky, particularly when the business of an estate and its beneficiaries are tied closely together. Depending on your perspective, federal regulations make it either more or less tricky. Specific regulations govern when an estate ceases to exist for tax purposes. Attorneys and accountants need to be aware of the rules – and make sure that administrators abide by them; failing to do otherwise can have significant impact on how beneficiaries are taxed. Continue reading