ACap ReCap: Financial and Tax Tips

Are you looking to save for your child's future education expenses?  In my previous episodes, I discussed the benefits and drawbacks of 529 plans. Today, let's delve deeper into this fantastic savings option and explore the wide range of expenses it covers.  Stay tuned for valuable insights on maximizing the benefits of a 529 plan! ACap Advisors & Accountants is a financial advisor a...

Are you aware that you can allocate your required minimum distribution (RMD) to charity? It's a fantastic opportunity to give back! In this episode, we'll delve into: Understanding RMD and its mechanics Exploring qualified charitable distribution (QCD) and the process of donating your RMD Limits on contributions via qualified charitable distribution Advantages of directly donating your I...

There are a couple of key differences between qualified dividends and non-qualified dividends. The big difference lies in the taxes! Listen closely if you're ready for an in-depth explanation of how this can affect you and your finances. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm....

In this episode, we're talking about homeowners insurance—an essential expense for protecting your property. We'll cover the basics, including what you need to know, how much coverage you should aim for, and much more! ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Co...

In this episode we discuss the 529 plan qualified expenses.  Join us as we uncover essential tips, strategies, and insights to maximize the benefits of your 529 plan. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Consultation: https://www.acapam.com/contact/ 12031 Ventura Blvd...

While the 529 plan offers many benefits, it's important to consider its disadvantages as well before making your final decision. Tune in to this ACap ReCap episode as we share 5 reasons why you shouldn't use the 529 plan. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a...

Not all financial advisors are fiduciaries. In this ACap ReCap episode, we discuss what fiduciary financial advisors do, how to determine if your financial advisor is a fiduciary, how fiduciary financial advisors are compensated, and strategies for finding one. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. Schedule a Consultation: https://w...

In this ACap ReCap episode, we're talking about the best options for investing your cash. From traditional checking accounts to modern high-yield savings options like the US Treasury bill, we break down the pros and cons of each choice, providing valuable insights to help you make informed decisions about your money. ACap Advisors & Accountants is a financial advisor and CPA firm located...

In this episode we talk about the three tax buckets: taxable bucket, tax deferred bucket and tax free bucket. Tune in now to learn why you should have all three tax buckets filled for financial success. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Consultation: https://www.ac...

In this ACap ReCap episode, we discuss the meaning and usage of different types of 1099 forms. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Consultation: https://www.acapam.com/contact/ 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (818) 272-8511 hello@acapam.com...

In this episode we talk about what is the Dow Jones Industrial Average (DJIA), why it is so important and how to invest in the Dow. Read the full article: https://www.acapam.com/fiduciary/what-is-the-dow-jones-industrial-average-djia/ Schedule a Consultation: https://www.acapam.com/contact/ 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (818) 272-8511 hello@acapam.com Financial Advisor...

Discover 14 effective year-end tax strategies for 2023 in this episode. Gain valuable tips on optimizing your finances and preparing for the upcoming year. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Consultation: https://www.acapam.com/contact/ 12031 Ventura Blvd., Suite 1...

UTMA, UGMA and 529 plans are all great ways for parents to save for their child's future. This episode will help you pick the best one for your needs! ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Consultation: https://www.acapam.com/contact/ 12031 Ventura Blvd., Suite 1...

In this ACap ReCap episode, we discuss the home office deduction: who qualifies for it, what expenses are deductible, and the two methods used to calculate the home office deduction. Schedule a Consultation: https://www.acapam.com/contact/ Financial Advisor in Los Angeles, CA CPA in Los Angeles, CA 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (818) 272-8511 hello@acapam.com www.acapa...

A Deep Dive into Education Savings. In this episode, we discuss the significant benefits of 529 plans, offering valuable insights for smarter financial planning. Schedule a Consultation: https://www.acapam.com/contact/ Financial Advisor in Los Angeles, CA CPA in Los Angeles, CA 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (818) 272-8511 hello@acapam.com www.acapam.com ACap's Fin...

In this episode, we're going to discuss EV tax credit, and how you can qualify for it. Schedule a consultation with ACap fiduciary financial advisors: https://www.acapam.com/contact/ Financial Advisor in Los Angeles, CA CPA in Los Angeles, CA 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (818) 272-8511 hello@acapam.com www.acapam.com ACap's Financial Quick Tips 

Cash Balance plans are a way to save more for retirement, reduce your taxes, and accelerate your savings during your high income earning years. They have more flexibility than a traditional pension plan, but allow for similarly high contributions year over year and are usually paired with existing 401(k)/profit sharing plan. In this episode, ACap's Matt Crisafulli is joined by Kevin Palm  of...

Discover the importance of proper insurance coverage on this ACap ReCap podcast. In the face of recent natural disasters like fires, mudslides, earthquakes, and hurricanes, ensuring you have adequate insurance protection is crucial.  Together with Jon Gardner from JSG Insurance Services, we'll delve into the world of Property & Casualty Insurance, exploring how it can safeguard you from u...

In this episode we cover: 1. What is the Dow Jones Industrial Average (DJIA)? 2. Why is the DJIA (aka. Dow) so important? 3. Is the Dow a good index? 4. How is the Dow calculated? 5. How to invest in the Dow? 6. How are companies added and removed from the Dow? 7. What are some companies in the Dow? Read full article: https://www.acapam.com/fiduciary/what-is-the-dow-jones-industrial-average-djia/...

In this episode we cover EVERYTHING you need to know about getting a home mortgage. Starting from the mortgage process and required documentations to the key factors in purchasing home, we cover all the important things you need to know about mortgage loans, including what you should avoid and how you can benefit from the home mortgage if you are a self-employed or a business owner. Schedule a Con...

In this episode we'll define what is a tax credit, will discuss tax credits versus tax deduction with examples. We'll also illustrate the difference between refundable and nonrefundable tax credits with examples. Schedule a Consultation: https://www.acapam.com/contact/ Financial Advisor in Los Angeles, CA CPA in Los Angeles, CA 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (...

In this episode, we're going to discuss the Inflation Reduction Act of 2022, specifically the federal tax credits for electric cars. We will also outline the criteria to qualify for the credits. Schedule a Consultation: https://www.acapam.com/contact/ Financial Advisor in Los Angeles, CA CPA in Los Angeles, CA 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (818) 272-8511 hello@aca...

This episode gives you 11 year-end tax tips you can implement now for 2022. Tips: 1. Maximize 401k contributions. 2. Harvest losses. 3. Gift $16,000 to lower your taxable estate. 4. Roth IRA conversion. 5. Defer income. 6. Paying for medical or college bills. 7. Qualified Charitable Distribution. 8. Charitable donations. 9. Donate appreciated stock. 10. Create a Donor Advised Fund (DAF) 11. Spend...

In my previous episodes, I covered what a 529 plan is, and explained their advantages and disadvantages. Today, we're diving a little deeper about this amazing plan and the extensive list of its eligible expenses. ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Consultation...

Homeowners insurance is a necessary expense for protecting your property. The basics of what you need to know about it, how much coverage will provide the best protection and so much more are discussed in this episode! ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm. Schedule a Consultation...