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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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.