Tag: Retirement

12/12/2019 | Andrea Parness | accounting, business advisor, business tips, certified tax coach, cpa, medical practice, Retirement, retirement planning, Tax Cuts and Jobs Act, tax expert, tax minimization, tax planning

Ready to Retire? Make Sure Your Cash Flow is Sufficient!

Ready to retire? Worried that you can’t afford to? Your accountant may be able to help shed some light on your situation. Remember that your tax situation may change drastically after retirement and that change can have a positive effect on your spending dollars! Watch this video to see how understanding your after tax retirement dollars can bring you peace of mind. You CAN afford to retire with after tax… Read more

10/29/2019 | Andrea Parness | 90 Day Action Plan, accountability, advisory, business advisor, business coaching, business improvement, business plan, business tips, certified tax coach, cloud based accounting, cpa, Retirement, retirement planning, tax minimization, tech forward, technology

Are You Taking Advantage of Technology to Eliminate Administrative Tasks?

I hope you were able to watch the vlog I posted last week. In the video I discuss how we “create time” by eliminating or reducing administrative tasks with the smart use of technology. My example of an easy win is to implement an automated payroll portal system that eliminates administrative time for the employees and the “boss”. Implementing just this one administrative task can free up time, eliminate notices… Read more

08/27/2019 | Andrea Parness | advisory, business advisory, business improvement, business tips, cloud accounting, cpa, Retirement, tax law, tax minimization, tax planning, tax savings, Taxes, tcja

The Right Tool with an Accountability Coach Can Help You Reach Your Goals More Easily

Remember your software, like your workout equipment, is just a tool or piece of equipment. My recommendation, when working towards your goal with your accountant who is a well-trained and knowledgeable accountability coach you will be more successful reaching your maximum profitability. Compare this to working with your training coach or with a piece of exercise equipment which keeps you on track. Watch my short video about my after tax… Read more

08/12/2019 | Andrea Parness | accounting, advisory, business adviser, business advisory, business improvement, business tips, cloud accounting, cloud based accounting, cpa, medical practice, office, Retirement, retirement planning, Tax Cuts and Jobs Act, tax minimization, tax payers, tax proposals, technology

Taking Some Personal Time Each Day Enables You to Focus on the “Tough Stuff”

Have you ever pondered over an issue and felt the stress building up only to find that the solution pops into your head while you are in the shower, on a long walk, or sitting in traffic? I was working with a couple on a retirement and relocation plan. During our discovery session, I could practically feel their stress over some very hard decisions they would need to make over… Read more

07/17/2018 | Andrea Parness | business improvement, business practice, business practices, business tips, cloud accounting, cpa, lawyers, longterm, merging, merging your business, Retirement, selling, selling your business, tips, value

Thinking About The Life Cycle of Your Business

Best practices dictate that you work with your business accountant/advisory accountant to create a plan, operate according to that plan, and make your business the best it can be. Once you make the commitment, work with your advisor to follow through with key deliverables. It is hard work, but that hard work is worth it. When you get ready to sell or merge, you will have a history of a… Read more

11/06/2017 | Andrea Parness | 9 tips, casualty loss, Disaster, Disaster relief, Disaster Tax Relief and Airport and Airway Extension Act of 2017, disaster victims, distributions, hurricane harvey, hurricane irma, hurricane maria, hurricane sandy, Loans, Retirement, sba, Small Business Administration

Hurricanes Harvey, Irma and Maria: 9 Financial Options

9 Financial Opportunities for Disaster Victims of Hurricane Harvey, Hurricane Irma & Hurricane Maria: Small Business Administration (SBA) loans, grant money, employer credits, charitable contributions and relaxed restrictions on accessing your retirement funds for assistance with building back your life. I am a Hurricane Sandy victim and survivor. My home and office are located on a beach block in Rockaway Queens, New York. Our street became a river and I… Read more