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Top 10 Questions To Ask Your Financial Advisor

Can you describe for me how you are compensated? Does your firm have any quota’s you must meet? Are there any financial products you are unable to sell because of your licensing or your firm will not allow them to be sold?  Which?  Why? Are there any products that are manufactured by your company? Describe for me your asset management strategy? How much experience do you have? Are you making the investment decisions or are you following someone else’s philosophy? How many firms have you worked with in the past? Why did you choose this firm? What are your financial goals? Related Articles – Top 10 Ways To Tighten Up Expenses For Business Owners, Top 5 Insurance Policies To Avoid , TOP 10 Atlanta LATE NIGHT Restaurants, The Top 10 Most Overlooked Tax Deductions , Top 5 Ways to Help Someone Who Is Unemployed , Top 10 Questions to ask your Accountant Kile Lewis, CRPC® Co-CEO and Founder oXYGen Financial, Inc. Request a FREE ...

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Top 10 Questions to ask your Accountant

How long have you been in practice?  Are you a CPA? Will you or someone else in your firm be working on my situation? Do you have a specialty? Are you licensed to offer any financial products? Do you have any formal or informal relationships with other professionals or institutions that I should be aware of? Do you offer advice on tax strategy? How many of your clients have been audited by the IRS?  Results? How many clients do you serve?  Your firm? Do you work with any small business owners? Can you provide me some referrals of satisfied clients? Kile Lewis, CRPC® Co-CEO and Founder oXYGen Financial, Inc. Request a FREE consultation: www.oxygenfinancial.net Related Articles – Top 10 Ways To Tighten Up Expenses For Business Owners, Top 5 Insurance Policies To Avoid , TOP 10 Atlanta LATE NIGHT Restaurants, The Top 10 Most Overlooked Tax Deductions , Top 5 Ways to Help Someone Who Is Unemployed oXYGen Financial, Inc. ...

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Is it smart to get tax refund?

Around tax time, we often hear the question, “Is it smart to get a tax refund?”  The answer really falls into the ‘it depends’ category. In general, I am not a big fan of getting refunds.  Anytime in today’s world that you give the Government an interest free loan of your money for a year is probably not a good idea.  When you get a refund, you withheld too much money out of your paycheck over the course of the year.  When your actual tax calculation is done at year end, you will receive the excess withholding back in the form of a refund.   This means that you should really sit with your accountant, CPA, or financial advisor and adjust that withholding number for the current tax year.   If you are going to put more money back into your paycheck, make sure you have those dollars systematically saved into some type of savings or investment vehicle so you don’t spend ...

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What Tax Deductions Could Go Away In The Future?

All of us know that the United States is in a massive federal deficit. Most pundits on television are letting us know that taxes in some way, shape, or form will have to up. That seems reasonable. Any business that is losing money will eventually have to cut expenses, and figure out how to generate more revenue. We couldn’t cut expenses near enough to solve our problem, so the certainty of some form of increased taxation is an inevitability we will face in the future in my opinion. The one thing that I don’t hear much talk about is that increasing taxes isn’t the only way to generate additional revenue, but you could certainly choose to reduce overall tax deductions that we take today as another source for increasing additional revenue. According to a recent study done by the Joint Committee On Taxation (source: Fiscal Year 2010 Budget: Analytical Perspectives. OMB./Table 19-3), here are the top 5 potential sources of ...

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