Tag: Sidney Kess

By Sidney Kess, James R. Grimaldi, James A.J. Revels, and Thomas K. Lauletta CPA Journal October 2018 Issue Buying or selling a home is one of the most significant financial transactions many individuals engage in. The authors examine the various ways in which CPA financial advisors can guide different kinds

By Sidney Kess, Carol R. Kaufman, James R. Grimaldi, and James A.J. Revels CPA Journal September 2018 Issue Because of the Tax Cuts and Jobs Act (TCJA), more individuals—90% of taxpayers, by some estimates—will decide to prepare their own tax returns. With the simplification of the Form 1040, more people

By Sidney Kess, James R. Grimaldi, James A.J. Revels, and Thomas K. Lauletta CPA Journal October 2018 Issue For most students, the price of higher education is steep and getting steeper. Annual increases in the cost of higher education have consistently outpaced the overall rate of inflation, and the Scholarship

By Sidney Kess CPA Journal October 2018 Issue Most attorneys, accountants, and other professionals operate as unincorporated sole practitioners, or through partnerships and limited liability partnerships (LLP), making them owners of pass-through entities. Such professionals may be able to cut the effective tax rate on the income from their practices

By Sidney Kess, James R. Grimaldi, and James A.J. Revels CPA Journal August 2018 Issue Young people are not taught enough about financial literacy. Schools do not teach kids the basics about the value of money, how to save, how to invest, how to spend, and how not to waste

By Sidney Kess, James R. Grimaldi, and James A.J. Revels CPA Journal August 2018 Issue The gig economy is a sector of the workforce in which people do not have long-term employment. Those in the gig economy are contingent workers—freelancers, consultants, tradespeople—who cannot necessarily count on their next gig. They

By Sidney Kess, James R. Grimaldi, and James A.J. Revels CPA Journal July 2018 Issue The American Association of Retired Persons (AARP) projects that by 2030, approximately 16% of women will be between 80 and 84 years old and childless (Donald Redfoot, Lynn Feinberg, and Ari Houser, “The Aging of

By Sidney Kess, James R. Grimaldi, and James A.J. Revels CPA Journal May 2018 Issue Americans average 11.7 moves over their lifetime, according to the U.S. Census Bureau (“Calculating Migration Data Using ACS Data,” http://bit.ly/2pRvXxn). People move because of a job, retirement, health, or for any number of other reasons; in

By Sidney Kess, James R. Grimaldi, and James A.J. Revels CPA Journal May 2018 Issue Being diagnosed with a terminal illness is a profoundly emotional event that also raises many important financial questions. Financial planners can help provide the answers. The authors provide an overview of the financial considerations applicable

By Sidney Kess and Lee Slavutin CPA Journal May 2018 Issue The Tax Cuts and Jobs Act of 2017 will have far-reaching effects on many areas of financial planning, and life insurance is no exception. The authors detail four changes with important ramifications for life insurance planning. The authors detail