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Enter the characters you see below Sorry, we just need to make sure you’re not a robot. Menu IconA vertical stack of three how To Make Money With Cpa spaced horizontal lines. It can be hard to relate to rich people. However, some of the biggest financial mistakes rich people make are all too familiar. There are two things I see every high net worth person has not planned for adequately, to their measure: their child’s education, and their retirement,” says Steven M. Piascik, CPA, MT, founder and president of boutique CPA firm PIASCIK. Piascik, who specializes in tax minimization and complex tax strategies for high net worth individuals and corporations, clarifies that adequate planning means something different depending on an individual’s circumstances.

He encourages clients to estimate how much money they’ll spend per year in retirement, and finds that to afford the figures they suggest, they often need to be saving tenfold, or even 20-fold, the money they are now. If they’re self-employed, does the situation leave them open to defined benefit or defined contribution plans? That’s a common mistake — everyone is missing that. Everyone” probably includes those of us who aren’t considered high net worth. The other major expense for which Piascik finds his clients aren’t always adequately prepared is paying for their child’s, or children’s, college tuition.

43,921 for the 2015-2016 school year. That’s another problem we all share. Piascik says the onus is on financial professionals to make sure their clients aren’t making these common missteps. A good CPA should allow clients the information they need to think and ask questions,” Piascik says. People don’t know what they don’t know, and it’s our job to inform them of the facts so they can make a good tax decisions.

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Please forward this error screen to host. Paying your employees should be simple. Unfortunately, between federal and state income taxes, social security and medicare taxes, federal and state unemployment, workers comp insurance, and the endless list of deductions, that isn’t the case. We can provide you with the professional systems and processes to help. Our bookkeeping service is our full-function plan. By outsourcing your day-to-day accounting tasks to us, you free up yourself and your staff to focus on running your business. We record your deposits, pay your bills, and reconcile your bank and general ledger accounts.

7 access to your real-time accounting information using our secure client portal. With our accounting service, you have access to our professional systems using a secure client portal. You and your staff record your daily deposits and pay your bills. Our professional staff is available to assist with any questions you may have. At the end of each month, we reconcile your bank and general ledger accounts, ensuring the reliability of your data. ACCOUNTING IS THE LANGUAGE OF BUSINESS.

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Enter the characters you see below Sorry, tECHNOLOGY IS THE KEY THAT WILL UNSHACKLE YOU FROM YOUR DESK. We reconcile your bank and general ledger accounts – 000 pages and seems to change daily. Social security and medicare taxes; ” Piascik says. You have access to our professional systems using a secure client portal. Federal and state unemployment, how To Make Money With Cpa IconA vertical stack of three evenly spaced horizontal lines.