In 2019, I posted an article on How to Save Taxes by Moving From New York to Florida. When undertaking such a move from New York or another high-tax state, owners of LLCs and other corporate entities must pay careful attention to the steps required to conduct business in that new state. Doing things the Read more about Moving a Corporation or LLC to Florida[…]
How fascinating it is seeing a group of unrelated retail stock traders collaborate on a Reddit chat room (Wall Street Bets) to challenge the hedge funds who overly short-sold GameStop stock! America, the land of opportunity, allows anyone who works hard and studies (in this instance how stock trading works) to succeed and prosper. Please Read more about In the News: New York Post[…]
Dealing with million dollar and multi-million dollar income earners is something Harvey and his staff are intimately familiar with. And, the famous song by “Mo Money, MO Problems” is not what Harvey’s accustomed to. Rather…Harvey’s clients: a) make more money, pay in the least amount of taxes legally after taking advantage of tax exemptions, tax Read more about In the News: Yahoo Finance[…]
Harvey explains why successful entrepreneurs need a personal CFO to manage and bridge the gap between their business and personal financial lives. Many times this ultra-valuable resource is missing, thereby creating havoc, especially when it comes to estate planning and business succession arrangements. Acting as the team quarterback, the personal CFO coordinates and implements the Read more about In the News: Wealth Management[…]
Wealthy on-screen icons throughout movie history have used secret Swiss and other foreign bank accounts to shield their untold millions from prying eyes. The idea of such accounts being beyond the reach of the U.S. Treasury held a grain of 20th-century truth. However, thanks to a host of new international disclosure agreements, today’s financial world Read more about Disclosing Your Foreign Assets to the IRS[…]
Harvey was quoted this week in The Estate Planner on the hot topic of Celebrity Holograms and Post-Mortem Rights. It is crucial for celebrities and other famous people to implement an asset protection strategy to safeguard their rights to publicly use their likeness in one form or another. Please call me to discuss ways I Read more about In the News: Wealth Management[…]
The Internal Revenue Code section 469(c)(7) allows certain individual involved in the real estate business, known as qualified “Real Estate Professionals,” to deduct losses from their real estate holdings and offset other business net income with these real estate losses. President Trump, before 2016, is an example of this type of real property owner and Read more about In the News: USA Today[…]
Looking for assets that you or your older family members may have forgotten about or didn’t realize are yours/theirs like a pension, 401(k), IRA, inheritance, dividend checks, or even a deed to ownership of real estate? It’s a good idea to check out these websites. Harvey explains where to look in order to find them Read more about In the News: US News & World Report[…]
Every sophisticated enterprise, from a mid-sized company to an international corporation, from a major record label to the “loan out” company of a rock star or professional athlete, needs a Chief Financial Officer (CFO). This top-level executive supervises and coordinates the efforts of the accounting team, attorneys, and everyone else involved in the organization’s finances. Read more about The Personal CFO and Why You May Need One[…]
Harvey is quoted in Forbes regarding New York City workers now working from home. This is a tricky and confusing topic which Harvey has mastered and is available to consult with. Contact our office with any questions. In the meantime, please enjoy this wonderful article, written by Liz Famer of Forbes, entitled “Teleworking? Your Income Read more about In the News: Forbes[…]