Tag: Tax Planning
Capturing Tax Deductions on Money You Are Already Spending (Ep. 3)

Capturing Tax Deductions on Money You Are Already Spending (Ep. 3)

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Tax planning for future income can be a great start to tax savings. But what if you could start tax planning today and save on money you are already spending?

Listen in as Ken New speaks with Ryan Foncannon, MBA, managing partner at S.W.A.N. They explore advanced tax deduction strategies focused on the money you are already spending and how to turn that spending into tax savings. They emphasize collaboration between tax professionals and financial advisors, education for clients, and the potential for significant tax savings

Ken and Ryan discuss: 

  • How can one capture tax deductions on money that is already being spent
  • When can food and travel expenses be utilized for business purposes
  • How do tax deductions differ from tax credits
  • What are some examples of tax credits available for businesses and individuals
  • Have you heard of the Augusta rule? Or the three martini rule? 
  • And more

 

Connect with Ryan K. Foncannon:

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About our Guest: 

Ryan Foncannon is a Managing Partner at S.W.A.N. Virtual Family Office (VFO), a multi-disciplinary firm that provides a family office experience for affluent clients and business owners. With over 14 years of experience in the financial services industry, Ryan has earned the Series 65 and the National Social Security Advisor credentials, as well as the Certified Long-term Care designation. He is also an Advanced Tax Reduction Strategist at Estate Planning Team, where he helps clients implement the Deferred Sales Trust™, a tax-deferral strategy for highly appreciated assets.

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How CPAs Can Transform Their Practice and Thrive with Ian Welham (Ep.1)

How CPAs Can Transform Their Practice and Thrive with Ian Welham (Ep.1)

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In an era where technology’s rapid advancements are reshaping industries, CPAs find themselves at a pivotal crossroads. They’re not just adapting; they’re racing to transform their practices, focusing keenly on the future needs of their clients. This shift is more than a necessity—it’s a journey into the heart of innovation and relevance, where the only constant is change itself.

In this episode, host Ken New speaks with Ian Welham, a Chartered Accountant renowned for guiding CPA firms toward peak profitability and enhanced client relevance. Welham, also the host of The Accounting Success Podcast, discusses the imperative for CPAs to transition from a compliance-centric approach to a value-oriented business model. Their discussion centers on catering to high-net-worth clients by providing proactive and comprehensive advisory services. Ian emphasizes the significance of deeply grasping client needs through targeted diagnostic questionnaires and the strategic involvement of experts as necessary.

Ian discusses: 

  • The challenges CPAs face in a world dominated by technology
  • The importance of proactive tax planning and developing long-term strategies
  • How the role of accountants is evolving with new planning approaches
  • The need for accountants to recognize the value of advisory services
  • And much more.

 

Connect with Ken New:

Connect with Ian Welham:

About our Guest: 

After qualifying as a Chartered Accountant with Ernst & Young, Ian Welham moved out of public practice and became CFO of a Barcelona-based publicly traded company. He also held CEO and COO positions in Hong Kong, The Netherlands, Belgium and the US. His team at HaydenRock works hands-on with CPA firms to maximize their profit potential – adding value, introducing new revenue streams and helping CPAs move into high-value advisory services.

Securities offered through Center Street Securities, Inc. (CSS), a registered Broker Dealer & member of FINRA & SIPC.  Investment Advisory Services offered through Center Street Advisors (CSA), a SEC registered Investment Advisor.  Pinnacle Financial Wealth Management, CSA and CSS are independent entities.  This is not tax advice.  Please speak with a tax professional for any of your tax questions. 

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Unlock the Power of Tax Planning with Ken New (Ep. 6)

Unlock the Power of Tax Planning with Ken New (Ep. 6)

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Unleash the Power of Tax Planning: Ken New Takes on the Biggest Challenge for Retirees! 

Ken New is on a mission to help retirees protect their hard-earned savings from the jaws of taxes. Join him as he explores the world of tax planning and demystifies the often confusing terms associated with it. Ken will also showcase real-life examples of how the strategic use of different retirement accounts can shield your retirement income from required minimum distributions. Discover how these tax-saving strategies differ from conventional methods of growing your assets.

In this episode: 

  • Unlock the secrets of tax planning: Master the most common terms with ease!
  • Give to charity, keep more for yourself: Discover how charitable giving can save you big on taxes!
  • The Roth conversion loophole: Learn how to shield your IRA assets and secure your retirement!
  • Fight inflation with confidence: Find out how to ensure you have enough retirement income for daily living!
  • And so much more: Get the inside scoop on all the tax planning tricks you need to know!

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Maximizing Retirement Income: The Endowment Strategy Explained (Ep. 4)

Maximizing Retirement Income: The Endowment Strategy Explained (Ep. 4)

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After retirement, your investments become your primary source of income. What strategies can you use to protect your retirement income without a steady paycheck?

In this episode, Ken New focuses on the endowment strategy as a way to safeguard retirement investments from taxes or market fluctuations. He offers insights on how to streamline retirement accounts and provide alternative investment options that can help weather losses. 

Tune in for practical tips on protecting your retirement income.

Ken discusses: 

  • Strategies for minimizing taxation by dividing retirement savings rather than transferring them all at once
  • The impact of a market loss on recovery efforts and how to prepare for it
  • The role of real estate investments in mitigating taxation
  • The shift away from traditional stocks and the reasons behind it
  • And more!

Connect with Ken New:

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