Tag: CPAs
How to Harness the Power of Advanced Tax Planning with Mark Miller (Ep. 13)

How to Harness the Power of Advanced Tax Planning with Mark Miller (Ep. 13)

By |

Do you think tax planning is just about preparing for the upcoming tax season?

Think again. The most effective tax strategies require year-round planning and can even start years in advance!

In this episode of Proactive Tax Strategies, Ken New explores advanced tax planning and financial optimization strategies with Mark Miller, business consultant to the Hilton Family Office and CEO of Hilton Tax and Wealth Advisors. Uncover strategies to mitigate tax liabilities, hear tips to help maximize your financial outcomes, and hear real life examples of their implementation. 

Ken and Mark discuss: 

  • The focus of Mark’s books and how they can help business owners save on taxes
  • The collaboration between different advisors, such as CPAs, tax mitigation specialists, and financial advisors for effective tax planning
  • The benefits of incorporating formal and comprehensive tax plans into long-term financial goals
  • Real-life success stories that illustrate the impact of meticulous financial planning
  • And more

 

Resources:

Connect with Ken New:

 

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991. Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

 

Connect with Mark Miller:

About Our Guest: 

Mark Miller has spent over 30 years in the tax and financial services industry helping his clients grow and protect their wealth. He has worked with hundreds of Business Owners, Physicians, Executives and High-Net-Worth clients cutting their taxes significantly. He helps them grow and protect their business and retirement assets in good times and bad. Plus, preserve long-lasting family legacies.

Mark is also a best-selling author, having written several books on personal finance. His latest book, The Tax-Free Business Owner teaches business owners how to zero out their taxes, just like many Fortune 500 firms.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
How Cost Segregation Can Maximize Cash Flow for Property Owners with Joel Grushkin (Ep. 10)

How Cost Segregation Can Maximize Cash Flow for Property Owners with Joel Grushkin (Ep. 10)

By |

Are you a small business owner, or building owner looking to mitigate taxes and boost cash flow?

Ken New and Joel Grushkin dive into the intricacies of cost segregation—a powerful tax planning tool for commercial real estate depreciation. Joel, with 40 years of executive experience and Regional Director of Cost Segregation Initiatives, shares his wealth of knowledge on optimizing tax savings for property developers, owners, and investors. Whether you’re acquiring new property or have been utilizing straight-line depreciation, this episode is rich in strategic insights catering to business and property owners, aiming for effective tax mitigation.

Ken and Joel discuss: 

  • The basics of cost segregation and its impact on commercial real estate depreciation
  • The benefits of accelerated depreciation for business owners, including immediate cash flow improvement
  • The partnership between Joel’s firm and CPAs and how cost segregation studies can significantly reduce tax liabilities
  • Tips on navigating potential IRS audits and the long-term advantages of cost segregation, even upon selling the property
  • And more

 

Resources:

Connect with Ken New:

Connect with Joel Grushkin:

 

About the Host: 

Ken New brings more than 25 years of financial industry experience and expertise.  Ken began his financial career as a manager at John Hancock in 1991.  Today Ken is the founder & owner of Pinnacle Financial Wealth Management, a private financial firm dedicated to providing holistic financial management and proactive tax strategies to high net-worth individuals, CPA’s, fellow advisors, and attorneys. He has such a unique and wide range of expertise in the financial industry that he is a member of the prestigious Million Dollar Round Table and a past officer of the National Association of Insurance and Financial Planners. As a team based consultant, Ken collaborates with both local and national experts within an exclusive Virtual Family Office model to provide a holistic approach to full financial planning.   Ken’s dedication to full financial planning allows him to provide more value and increases client satisfaction.  Ken is dedicated to discovering options for income and retirement planning with a definitive strategy to reduce taxes. Ken New is the host of the Proactive Tax Strategies Podcast where he showcases many unique tax mitigation strategies and retirement topics.

About our Guest: 

Joel Grushkin is the Regional Director of Cost Segregation Initiatives. With 40 years of executive experience, his background includes eleven years with Arthur Young & Company (now Ernst & Young) as a Principal and director of the firm’s Management Services Practice. He was also a member of AY’s National Real Estate Industry Specialty Practice Group. His cost segregation experience has encompassed studies for developers and owners of commercial real estate, including but not limited to office buildings, shopping centers, manufacturing and distribution centers, specialty medical facilities, automotive dealerships, hotels, restaurants, financial institutions, multi-family residential and senior living.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Unraveling the IRA Bailout Plan with Darren Sugiyama (Ep. 8)

Unraveling the IRA Bailout Plan with Darren Sugiyama (Ep. 8)

By |

Are you looking for a strategy that could help you secure your legacy and set future generations up for success?

The IRA bailout plan might be right for you!

In the latest installment of Proactive Tax Strategies, Ken New speaks with Darren Sugiyama, who explains the intricacies of the IRA bailout plan. Darren sheds light on its benefits and how it can be a game-changer for high-net-worth individuals looking to optimize their financial legacy.

Ken and Darren discuss: 

  • The concept of the IRA bailout plan and who can benefit from this strategy
  • The difference between traditional IRAs and Roth IRAs
  • Profit-sharing plans and integrating a life insurance component to mitigate estate taxes 
  • Real-case scenarios that illustrate how the IRA bailout plan works
  • And more

 

Resources:

Connect with Ken New:

    • (321) 454-3623

Connect with Darren Sugiyama:

 

About our Guest: 

Darren Sugiyama is the founder & CEO of Lionsmark Capital. Prior to Lionsmark, Darren founded DaVinci Financial & Insurance Associates, a multi-office life insurance firm responsible for over 25% of Pacific Life’s policy count in Orange County, California in 2017, and 39% of Penn Mutual’s life insurance policy sales in the county in 2019.

Podcast: Play in new window | Download | Embed

Subscribe: RSS
Transforming Estate Planning with Premium Financing with Darren Sugiyama (Ep. 4)

Transforming Estate Planning with Premium Financing with Darren Sugiyama (Ep. 4)

By |

Have you considered using life insurance as a tax-saving tool for the next generation? High net-worth families have been using them for years, and so could other families.

Discover premium financing, a method used to fund substantial life insurance policies for affluent individuals with Ken New and his guest Darren Sugiyama, founder and CEO of Lionsmark Capital. They shed light on how it can be leveraged to manage estate tax obligations and the significance of having liquidity.

Darren discusses: 

  • What is premium financing and how does it fit within estate planning
  • How can life insurance provide liquidity for estate taxes
  • The Bushido Code of Samurai and how it relates to his work
  • His advocacy for expanding premium financing to populations beyond millionaires
  • Why is it important to educate clients about the risks and benefits of premium financing
  • And more

 

Connect with Ken New:

    • (321) 454-3623

Connect with Darren Sugiyama:

 

About our Guest: 

Darren Sugiyama is the founder & CEO of Lionsmark Capital. Prior to Lionsmark, Darren founded DaVinci Financial & Insurance Associates, a multi-office life insurance firm responsible for over 25% of Pacific Life’s policy count in Orange County in , California in 2017, and 39% of Penn Mutual’s life insurance policy sales in the county in 2019.

Podcast: Play in new window | Download | Embed

Subscribe: RSS