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Network with local business and civic leaders through 529 scholarships

Network with local business and civic leaders through 529 scholarships

529 scholarship accounts are a great way to generate business and also create future referral and networking opportunities. Charitable organizations that offer scholarships usually have a dedicated staff member for administrating finances, or may outsource fund management to third-party administrators. The additional costs associated with recordkeeping and program administration may mean that the organization can

Meet the challenge of rising taxes by diversifying assets’ tax status

Meet the challenge of rising taxes by diversifying assets’ tax status

Many financial advisors are successfully putting a new twist on the traditional asset allocation review. With Baby Boomer clients heading toward retirement and the prospect of higher tax rates imminent, it is increasingly important that clients’ assets are diversified from a tax perspective, in addition to the traditional asset allocation perspective. For many clients, the

Big tax changes may be on the way

Big tax changes may be on the way

Sweeping tax legislation enacted under George W. Bush is set to expire at the end of 2010. The ramifications for savers and investors are significant, including higher or reinstated taxes across the tax code. Congress has the remainder of 2010 to agree on legislation that would extend some or all of the Bush–era tax cuts,

Making the most of a charitable deduction

Making the most of a charitable deduction

You may have philanthropic clients who are limited to the amount of charitable deduction they can claim due to how much income they report. They may also be interested in creating a tax-free retirement account for themselves or their heirs. Combining these two strategies may make sense. Charitable contribution tax rules at a glance The

Health-care reform results in tax increases

Health-care reform results in tax increases

There will soon be tax increases for certain individuals that spring from the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, passed earlier this year. One of the goals of the legislation was to expand health insurance coverage to an additional 32 million Americans currently without insurance.