Tag: Sidney Kess

Helping Business Owners Understand Valuation Approaches

By Sidney Kess and Edward Mendlowitz CPA Journal November 2017 Issue Individuals who own businesses frequently need to have the business valued. Sometimes it is for a specific purpose, such as for postsale retirement planning; other times, it might be because of estate tax planning, for the acquisition of shares

Planning and Tax Considerations for Collectibles: Assisting Hobbyists, Dealers, and Investors

By Sidney Kess and Edward Mendlowitz CPA Journal November 2017 Issue Many individuals have substantial investments in collectibles, such as art, stamps, coins, autographs, books, maps, baseball cards, glassware, antiques, gems, jewelry, or wine. The category is broad and does not distinguish between the motive to be a dealer, a

PFP | Analyzing an Investment Manager’s Proposal

By Sidney Kess and Edward Mendlowitz CPA Journal February 2017 Issue CPA financial planners frequently are asked to review proposals from investment managers. The involvement of a CPA financial planner adds a strong element of independence to an investment strategy. Since the CPA does not seek to manage the investments,

Getting Married: A Tax Perspective

By Sidney Kess, James R. Grimaldi, and James A.J. Revels The CPA Journal March 2016 More than 2.1 million couples get married in the U.S. each year according to the National Center for Health Statistics. Few probably give any thought to the tax implications of their union. But taxes can have