Lifecycle Financial Planning: Tax Planning - Medicare Surtax & Social Security Income Reduction
OL1381 | On Demand Course | Update | Self-Study
Description
As practitioners, we often find ourselves trying to advise clients on how to avoid the unwanted tax surprise. Two areas that can have damaging effects on a client's tax liability are the Medicare Surtax and taxes on Social Security. The key to mitigating these negative tax effects is understanding the details of these tax calculations, so you can adjust tax strategy! In this course, we will explore the details of these taxes that too often sneak up on clients. We will talk about where the pitfalls are and how to avoid the taxes where it is possible. If you work with clients who value proactive tax planning, this is the course for you!
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Taxes |
Highlights
- Defining Capital & Capital Structure Theories
- Calculating Weighted Average Cost of Capital (WACC)
- Cost of Common Equity
- Cost of Debt
- Cost of Preferred Equity
- Importance of WACC
Objectives
- Identify what income is subject to the Medicare surtax.
- Recognize strategies to minimize the Medicare surtax.
- Identify how to reduce the taxable amount of social security income.
Notes
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Prices
- Member (Early Bird)
- $49.00
- Non-Member (Early Bird)
- $79.00
- Member
- $49.00
- Non-Member
- $79.00
Instructors
David Peters
David Peters is the founder and owner of Peters Tax Preparation & Consulting in Richmond, VA, as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com – a position he held for over three years. He is a national CPE instructor/discussion leader for the AICPA, Kaplan, and Surgent, and he was a recipient of Surgent's Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. He is the advisor for business and industry topics for the South Carolina Association of CPAs and was a recipient of The American College of Financial Services' 2019 NextGen Financial Services Professional Award.
He holds four master's degrees and is currently pursuing his Ph.D. in financial planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia. Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Adviser. Carroll Financial and Cetera Advisor Networks, LLC are under separate ownership and are not affiliated with any other named entity.
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