Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that understands your business, that works in all 50 states and is there for you when you need him?
"I am a small business owner operating an equipment distribution business. I feel fortunate to have known Jerry personally and professionally for over 22 years. Jerry was tempted to walk away when he first saw the mess I had created in growing a small business, but he showed patience and persistence in getting our operation organized. Jerry has advised and assisted me with organizing our accounting system, business and personal planning, real estate acquisition, major supplier negotiations, credit facilities and tax returns. His current with knowledge of tax laws and requirements is reassuring. I would have to characterize Jerry’s approach to accounting and tax returns as very conservative. In short, I have known Jerry through good times and bad and he has proven to be a very valuable recourse to the company and myself. If anyone has any questions. I would be happy to elaborate further".
Will Morgan, WRM Inc

stress agining parent estate planningNothing Prepares You for Being the Daughter of Ageing Parents

There are classes for the mothers of babies, but there’s no helping with your mum and dad growing old

Old people’s wards are hell for old people. Geriatric wards are bedlam, bonkers, bananas. A toothless woman screaming when left alone, a cry that reaches the high hospital ceiling. A woman effing and blinding – the polite curtain will not protect her from the indignity of a nappy change. A woman who lives the same moment in repeat, dressed up for going home in a bright red anorak, over the dressing gown, asking for the key to her house, saying over and over: “Am I going home today?” Or a woman who shouts at the nurses: “Stop treating me like a plate of mince.”

Earlier this year, my parents both ended up in hospital at around the same time and the cause was the same thing. Antibiotics. Or rather, dehydration caused by antibiotics. My mum was first; she was so dehydrated she was having visions. Antibiotics revolutionized the treatment of bacterial infections in the 20th century – but for old people they can dry the kidneys, give them fever, nausea, nerve damage and affect their balance.

9 Important Ages for Retirement Planning

Thinking about the rest of your life — especially in terms of your finances — can be a scary but exhilarating proposition. Assuming it turns out to be as long of a time period as you would like it to be, thinking about it all at once can be daunting. However, breaking your life into nine stages can help you compartmentalize your retirement-planning process so you can take your goals one step at a time.

Retirement Plan Loans

Most types of retirement plans (including 401(k), profit-sharing and 403(b) plans) are permitted to offer loans. However, before you decide to take a loan from your retirement plan, consider what may happen if you:

• Can’t repay the loan according to its terms, or
• Leave your job before repaying the loan in full

Is the “Step-Up” Stepping Down?

Jason Smolen
Wed, 2015-02-04 11:06

A potential sea change in how inheritances are taxed

When President Obama delivered his State of the Union Address last month, no doubt every estate-planning attorney in the country sat up and took notice when he proposed ending the “step up” provision in the capital gains tax. If Congress agrees (a big “if”), it could mean sweeping changes in how inheritances are taxed—and how estate attorneys help their clients deal with that.

The president’s proposal would eliminate a significant tax benefit in the treatment of inheritances. The plan would tax capital gains on the decedent’s basis, instead of the current system that allows a step-up in basis for assets passed on to heirs. The change, if enacted, would have wide-ranging effects on many families—making it much harder to shield assets from taxes. To do so would require a great deal more planning and a lot of help from estate-planning attorneys and accountants.

5 Common Pitfalls When Inheriting Money and How to Avoid Them

By Danette Lowe, CFP®

Tim’s mother passed away and he is about to inherit a substantial amount of money. Tim is married for the second time, he has two children from his previous marriage, and he has two younger brothers. As the executor of his mom’s estate there are a lot of issues for him to consider.

Tim and his mother were particularly close and he’s deeply saddened by her loss. In addition to his grief, his youngest brother is anxiously awaiting money to be distributed and has threatened Tim with a lawsuit if he doesn’t hurry. His first wife is worried that his current wife will take all of his inheritance and not leave anything for his children. Tim’s uncle is having financial difficulties – he claims Tim’s mom was about to loan him some money and he wants Tim to honor the loan. Tim’s current wife is planning a major vacation and a new car purchase and he like to know if he can retire early.

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