Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

No matter how many IRAs you own…

Roth IRA Roth IRA   Manage or Improve Your 8606 Ratio

the IRS views them as one pool of assets for tax purposes.

Read the rest of this entry »

Enacted on March 18, 2010, the Hiring Incentives to Restore Employment (HIRE) Act has two new tax benefits that are available to employees who hire certain previously unemployed workers (“qualified employees”).

Screen shot 2010 05 10 at 8.35.32 AM1 The HIRE Act of 2010   Incentives to Hire and Retain the Unemployed

Payroll Tax Forgiveness for Hiring Unemployed Workers:

Read the rest of this entry »

Should I Purchase a Tax Deduction?

Posted by Mark On May 3rd

A very common question I hear is…

Tax Deduction Question Should I Purchase a Tax Deduction?

Should I purchase a tax deduction?

Read the rest of this entry »

Roth IRA – Tax Diversification In Retirement

Posted by Mark On April 22nd

Having options is the key to making the right decision at the right time.

RothIRA Enjoy Retirement Roth IRA   Tax Diversification In Retirement

Creating “Roth assets” today, by conversion or yearly contributions, will provide you options in retirement.

Read the rest of this entry »

Roth IRA – Opening Multiple Accounts

Posted by Mark On April 7th

Did you know?

RothIRA MultipleAccounts Roth IRA   Opening Multiple Accounts

You are not required to convert your traditional IRA(s), SEP(s) and SIMPLE(s) into one Roth IRA.

Read the rest of this entry »

If you switch to a Roth IRA early in 2010…

roth 20ira Roth IRA   Switch Early, can You Change Your Mind?

…you’re allowed the maximum benefit and still reserve the right to change your mind – by recharacterizing your Roth conversion.

Let’s walk through it –

Read the rest of this entry »

Roth IRA – Important Dates to Keep In Mind

Posted by Mark On March 9th

It’s not if you should convert your traditional IRA(s), SEP(s) or SIMPLE(s) to a Roth IRA…

Screen shot 2010 04 22 at 10.48.10 AM Roth IRA   Important Dates to Keep In Mind

…but it’s how much of your those IRA(s) do you convert to a Roth IRA.

Read the rest of this entry »

7 Things Every Small Business Owner Needs To Know

Posted by Mark On February 8th

If you’re a small business owner, here are 7 very important things…

Screen shot 2010 02 15 at 11.19.26 PM 7 Things Every Small Business Owner Needs To Know

Everything I discuss is also available in eBook form on my Web Site at: www.Makara-Assoc.com.

…you need to know:

Read the rest of this entry »

Entertainment and Meal Deductions

Posted by Mark On January 26th

The expense for meals and entertaining clients, customers or employees can qualify…

Entertaining Clients Entertainment and Meal Deductions

This is part 6 in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

…as an ordinary and necessary business expense, usually limited to a 50% tax deduction of the total cost.

Read the rest of this entry »