Nerd's Eye View

NOVEMBER 15, 2023

One of these was the Employee Retention Credit (ERC), a tax credit that eligible small businesses could take against their employment taxes. While the ERC is indeed legitimate, determining eligibility is complex largely due to its phased implementation across 4 separate 'phases' spanning most of 2020 and all of 2021.

Clients 246

Clients Taxes Government Startup 246

Wealth Management

JULY 11, 2024

Earned Wealth, founded in 2021, offers medical professionals advice on financial planning, tax planning, wealth management and investing on one interconnected platform.

Startup 219

Startup Tax Planning Wealth Management Medical 219

The Big Picture

DECEMBER 11, 2023

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.” In 2021, he told a U.S. Can that be right?

Retail 353

Retail Accounting Sales Numbers 353

Nerd's Eye View

FEBRUARY 3, 2025

Welcome to the February 2025 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Insurance 130

Insurance Financial Advisor Taxes Tax Planning 130

The Big Picture

APRIL 3, 2023

trillion (USD) in 2021; that’s down only slightly to $31.4 The consulting firm Global SWF tracks all the important info about Sovereign Wealth Funds (SWFs) and Public Pension Funds (PPFs). Its an amazing collection of charts and data. The asset value peak was $33.6 trillion as of the end of 2022.

Assets 312

Assets Consulting Taxes Marketing 312

Abnormal Returns

FEBRUARY 26, 2024

(kitces.com) How advisers should work with tax professionals. advisorperspectives.com) A look at the donor advised fund industry including 'Nearly half of all DAFs (49%) had total assets at the end of 2021 of less than $50,000.' advisorperspectives.com) How couples can approach a financial life together.

Wealth Management 290

Wealth Management Financial Services Retail Insurance 290

Calculated Risk

FEBRUARY 7, 2024

monthly change from December 2021 to January 2022. As we move into tax refund season, we expect to see a bit more activity in the wholesale market, and we maintain that 2024 should show more normal market trends through the year.” The Manheim Used Vehicle Value Index (MUVVI) remained at 204.0 but down 9.2% from a year ago.

Consulting 314

Consulting Taxes Economics Sales 314

The Big Picture

JULY 27, 2022

Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). In other words, the Great Resignation was mostly in 2021, but the after-effects are still being felt today even after Quit rates normalized.

Medicine 331

Medicine Numbers Food Insurance 331

The Big Picture

OCTOBER 18, 2022

Previously : How Everybody Miscalculated Housing Demand (July 29, 2021). We have discussed in the past why the actual purchase price of a home matters less than the monthly carrying costs: The sale price is somewhat abstract while homeowners must pay their monthly mortgage, utilities, HOA, and taxes.

Budgeting 363

Budgeting Economy Taxes Numbers 363

Calculated Risk

OCTOBER 12, 2023

Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $168,600 from $160,200. in 2021 (used to calculate contribution base). Some other adjustments that take effect in January of each year are based on the increase in average wages. in 2022, up 5.3% from $60,575.07

Retirement 260

Retirement Taxes 260

The Big Picture

JULY 25, 2023

Pomp points out that: “I am, however, arguing that the total return percentage traditionally quoted is not what people actually achieve in their brokerage account because of taxes. I have addressed Tax Alpha before ( see this and this ); but Pomp indirectly raised a very different issue: Why do people underperform their own assets?

Assets 246

Assets Accounting Taxes Numbers 246

Nerd's Eye View

MARCH 25, 2025

What's unique about AJ, though, is how she and her business partner have navigated the hiring and training, and system and process challenges, that come from very rapidly scaling an advisory firm business from scratch to $5 million of revenue in just 7 years.

Financial Advisor 130

Financial Advisor Clients Recruitment Certification 130

The Chicago Financial Planner

OCTOBER 21, 2021

Health insurance plans with an annual deductible of at least $1,4000 for a single person and $2,800 for a family qualify for use with HSAs in 2021, with no change in these limits for 2022. The money goes into the account on a pre-tax basis much like a traditional 401(k) or IRA. High deductible health insurance plans . Vision care.

Retirement Planning 193

Retirement Planning Accounting Retirement Planning 193

The Big Picture

OCTOBER 20, 2023

“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes. and paying taxes.

Investing 340

Investing Investments Math Medicine 340

The Big Picture

OCTOBER 23, 2023

Your grandchildren will blame the toxic combination of incompetency and ideology for the massively increased carrying costs of unfunded spending and tax cuts. Note that we undertook much of the work anyway (airports, electrical grid, roads, etc.), just decades later at a much greater cost. All simply unnecessary.

Government 334

Government Economics Taxes Budgeting 334

Calculated Risk

OCTOBER 13, 2022

Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $160,200 from $147,000. in 2021, up 8.89% from $55,628.60 Some other adjustments that take effect in January of each year are based on the increase in average wages. in 2020 (used to calculate contribution base).

Taxes 266

Taxes 266

Nerd's Eye View

AUGUST 12, 2022

From there, we have several articles on Mergers & Acquisition (M&A) trends: M&A activity so far in 2022 is set to exceed 2021’s record pace despite economic headwinds, meaning there could simply be a ‘new normal’ of higher activity regardless of the economic environment.

Financial Planner 245

Financial Planner Retirement Healthcare Numbers 245

Abnormal Returns

DECEMBER 20, 2023

tonyisola.com) More retirees are seeing their Social Security benefits taxed. savantwealth.com) The IRS is extending an olive branch to taxpayers who owe money from 2020-2021. (open.spotify.com) Robin Powell talks meaning and money with Jonathan Clements. podcasts.apple.com) Retirement How to find a new you in retirement.

Retirement 279

Retirement Portfolio Taxes Accounting 279

Good Financial Cents

JANUARY 19, 2023

A major decision in retirement planning is whether to make pre-tax or Roth (after-tax) 401k contributions. Pre-tax contributions go into your retirement account with money that has not been taxed, and then taxes will be paid when the funds are withdrawn in retirement.

Taxes 97

Taxes Retirement Accounting Consulting 97

The Big Picture

NOVEMBER 10, 2022

Previously : Biggest Mistakes of UHNW Investors (October 25, 2021). This MoneyShow episode is now out from behind the paywall. The post Biggest Mistakes Made by UHNW Investors appeared first on The Big Picture.

Taxes 276

Taxes Investing Investments 276

The Chicago Financial Planner

OCTOBER 20, 2021

If you are working, collecting a Social Security benefit and younger than your FRA your benefits will be reduced by $1 for every $2 that your earned income exceeds the annual limit which is $18,960 for 2021. For 2021 this increased limit is $50,520, for 2022 this limit is $51,960. Social Security and income taxes .

Retirement 192

Retirement Financial Planner Taxes Distribution 192

The Chicago Financial Planner

NOVEMBER 27, 2022

One of the best tax deductions for a small business owner is funding a retirement plan. Beyond any tax deduction you are saving for your own retirement. Both plans allow for contributions up your tax filing date, including extensions for the prior tax year. As a fellow small businessperson, I know how hard you work.

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Nationwide Financial

AUGUST 29, 2022

Key Takeaways: Even without new legislation, the prospect of higher taxes in the future is still looming. The impact of higher taxes on retirees could be substantial, so staying up to date on the current tax landscape is vital. But even without new legislation, the prospect of higher taxes in the future is still looming.

Taxes 98

Taxes Retirement Accounting Budgeting 98

Nerd's Eye View

APRIL 19, 2024

Also in industry news this week: The Office of Management and Budget (OMB) has completed its review of the Department of Labor's new "fiduciary rule ", indicating that it could be released in the coming days or weeks (though, like its predecessors, its ultimate disposition is likely to be determined in the courts) The IRS announced this week that it (..)

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Calculated Risk

JANUARY 13, 2023

1) Economic growth: Economic growth was probably close to 1% in 2022 as the economy slowed following the economic rebound in 2021. Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020. Q4-over-Q4 in 2023. 2008 0.1% -2.5%

Economy 278

Economy Sales Economics Investing 278

The Big Picture

NOVEMBER 20, 2023

Previously : Tax Alpha (April 14, 2022) Accessing Losses via Direct Indexing (April 14, 2021) The Cutting Edge (September 30, 2021) USA Is Smashing Its Clean Energy Targets (October 17, 2017) Sources : Wall Street’s ESG Craze Is Fading By Shane Shifflett WSJ, Nov. This is true whether you are pro-life or pro-environment.

Taxes 195

Taxes Portfolio Investments Investing 195

The Big Picture

APRIL 15, 2023

Phenomenal World ) • The False Promise of Opportunity Zones : Tax breaks for investors don’t help poor communities. Boston Review ) • Adrift : In the early morning hours of May 28, 2021, a strange boat appeared in the Caribbean. As Fox and family insiders tell it, this could just be the beginning.

Electronics 277

Electronics Insurance Media Banking 277

The Big Picture

FEBRUARY 27, 2023

This demographic cohort is simply not a seller due to retirement – the tax expenses would be too great. Estate taxes are why appreciated equity is transferred this way. June 21, 2021) What If Everything is Survivorship Bias? As the charts below show, the vast majority of equities are held by the top 1% and 10%.

Distribution 325

Distribution Retirement Retirement Planning Taxes 325

The Big Picture

JUNE 27, 2024

If they get a 7% increase in wages, they see a modest increase in their direct deposit of after FICA, federal and state withholding taxes, 401K, etc. August 9, 2022) The Trouble with Consumer Sentiment (July 8, 2022) Sentiment LOL (May 17, 2022) How Everybody Miscalculated Housing Demand (July 29, 2021) _ 1.

Budgeting 321

Budgeting Economics Sales Media 321

Calculated Risk

MAY 29, 2023

Then new home sales and single-family starts turned down in 2021, but that was partly due to the huge surge in sales during the pandemic. Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020.

Sales 363

Sales Economy Banking Economics 363

Nerd's Eye View

AUGUST 12, 2022

From there, we have several articles on Mergers & Acquisition (M&A) trends: M&A activity so far in 2022 is set to exceed 2021’s record pace despite economic headwinds, meaning there could simply be a ‘new normal’ of higher activity regardless of the economic environment.

Financial Planner 178

Financial Planner Retirement Healthcare Numbers 178

Carson Wealth

NOVEMBER 3, 2022

And while the holidays are traditionally a time to reflect on our blessings and help those less fortunate than ourselves, there’s another factor influencing the timing of these donations — and that’s the goal of minimizing a tax bill. Three Tax-Advantaged Donation Strategies to Consider. Create a donor-advised fund (DAF).

Taxes 98

Taxes Distribution Accounting Nonprofit 98

Calculated Risk

DECEMBER 7, 2022

Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020. Also note that the sharp decline in 2010 was related to the housing tax credit policy in 2009 - and was just a continuation of the housing bust.

Sales 361

Sales Economy Engineering Investing 361

The Big Picture

JULY 12, 2023

June 26, 2023) How Everybody Miscalculated Housing Demand (July 29, 2021) The post Mapping Changes in US Home Prices appeared first on The Big Picture. No) (June 1, 2022) What Data Makes NBER Recession Calls? September 1, 2022) The Post-Normal Economy (January 7, 2022) What Recession?

Sales 245

Sales Taxes Economy Marketing 245

The Big Picture

SEPTEMBER 28, 2023

to blame, but I want to suggest that the 2021-22 Inflation surge and resulting higher prices were the cost of avoiding a different fate. The Fed began its policy of ZIRP and QE while Congress put forth a puny extension of unemployment insurance and a modest temporary tax cut. The public wants someone ( anyone !)

Government 306

Government Medicine Economy Healthcare 306

Calculated Risk

SEPTEMBER 16, 2022

Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020. Also note that the sharp decline in 2010 was related to the housing tax credit policy in 2009 - and was just a continuation of the housing bust.

Sales 363

Sales Economy Economics Investing 363

WiserAdvisor

OCTOBER 11, 2022

While these can be avoided, there is another cash outflow that can considerably lower your savings and returns and is also hard to avoid – tax. Tax planning is essential. Tax is charged on every penny you earn. Tax evasion is a crime, and missing tax payments can lead to legal hassles that can be hard to get out of.

Financial Planning 80

Financial Planning Accounting Taxes Planning 80