News

August Client Bulletin

How The New Tax Law Affects 529 Plans

For many years, 529 college savings plans have offered a tax-favored way to save for higher education. These plans, officially qualified tuition programs, are named for the IRC section that provides their advantages.

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Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend.

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July Client Bulletin

More Give in the Gift Tax

The Tax Cuts and Jobs Act of 2017 increased the federal estate tax exemption to $11.18 million for 2018. That’s per person, so the combined exemption for a married couple
can be as much as $22,360,000 worth of assets this year.

Read more here.

invest-view

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend.

Read more

April Client Bulletin

Patience Is Prudent

The Tax Cuts and Jobs Act (TCJA) of 2017, passed at year end, has been called the most extensive tax legislation in more than 30 years. It’s certainly far reaching, covering individual income taxes, business income taxes, and estate taxes. The new law has many tax saving opportunities as well as possible pitfalls.

Read more here.

invest-view

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend.

Read more

March Client Bulletin

Weighing the risks of bond funds

Most portfolio allocations call for a mix of stocks (equities) and bonds (fixed income). The underlying theory is that stocks may deliver substantial results over the long term, whereas bonds contribute interest income and lower volatility.

Read more here.

invest-view

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend.

Read more

February Client Bulletin

Solving The Annuity Puzzle

Americans hold billions of dollars in annuities,  yet they are widely misunderstood.  Used properly, an annuity can serve valuable purposes in personal financial planning.  On the other hand, some types of annuities are widely criticized, even scorned by some financial advisors.

Read more here.

invest-view

 

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend.

Read more

January Client Bulletin

Investing In 2018:  Dividend Stocks.

As of this writing, it appears that 2018 may be a difficult year for investors.  Yields on bonds, bank accounts, money market funds, and other savings vehicles are extremely low, with questionable prospects for substantial increases.  Stock market indexes, on the other hand, are at or near record levels….

Read more here.

invest-view

 

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend.

Read more

What’s New In 2018

1. Office Locations and Expansion: We have been in our Syracuse office at 731 James Street for over twelve years, and have offices in New York City, Utica, Seneca Falls and Old Forge. We expanded our Syracuse office space by 50% to provide space for our new accountants and a larger conference room. We just added a Pulaski location.

2. Record Sales: For the year ended August 31, 2017, the firm completed its thirty-second year in business with record revenues. Thanks to referrals and clients’ business expansions, we have enjoyed another successful year.

3. Recent Personnel Additions to Peters & Associates, CPAs, P.C.: Our Syracuse accounting staff grew with the addition of two accountants, Carolyn Lawless, CPA and Brandon Dauenhauer. Carolyn J. Lawless was with Bonadio & Co, LLP before joining P&A September 1, 2017. Carolyn values developing and maintaining close relationships with the owners and management of small to medium-sized entities to assist them in meeting their financial and personal goals. Brandon Dauenhauer has joined as a staff accountant. He recently graduated from Lemoyne College and was employed as an intern by P&A since May 16, 2016. We have also hired five interns. Our Utica accounting staff grew with the addition of two accountants. Jean Coolican and Alisa Cruger. Jean was with Oneida Limited before joining P&A January 1, 2018. Alisa was with RCIL Utica before joining P&A December 1, 2017. Our recent growth has allowed us to increase our staff size (now 30) and expand our expertise, as well as to purchase new equipment and software to provide clients with superior service.

4. Agribusiness Specific Tax Planning and Preparation: Due to our new Seneca Falls location, our firm has specialized expertise to service farm, winery and agribusiness customers with many agricultural specific tax laws and opportunities.

5. QuickBooks: Our firm is a professional advisor for QuickBooks, the most recommended accounting program for small business owners.

6. Empire Zone: Our firm continues to be an advisor for the NYS Empire Zone program.

7. Cheshire Financial Planning Suite: The Cheshire Retirement Planner and the Cheshire Net Worth Planner assist us in planning our clients’ cash flow requirements for retirement, asset allocations, appropriate investments, and risk tolerance.

8. Peer Review: In 2016, Peters & Associates, CPAs, P.C. successfully completed its ninth peer review. Each CPA firm that is a member of the AICPA must participate in a peer review every three years. The AICPA’s Peer Review Program was created to provide assurance of quality in the accounting industry. Peters & Associates, CPAs, P.C.’s most recent review was completed for the years 2013 through 2016. The reviewer indicated that we complied with the professional standards set forth by the AICPA. Obtaining a ninth consecutive pass report on our Quality Control Performance serves to validate that our efforts over the past 32 years have been successful.

9. Thank you: Peters & Associates, CPAs, P.C., established in 1985, specializes in a wide range of financial services for businesses and individuals, including tax planning and preparation, small business accounting and consultation services, estate planning, and investment advice. Our goal is to provide sophisticated large-firm consultation services in a small-firm, personal environment at reasonable prices. Our slogan is “Other CPA firms cost money; we make our clients money.”

Our expansion to Pulaski and bringing Carolyn J. Lawless on board continues our firm goal:

“Expansion always in all ways”.

“HAVE A HAPPY AND HEALTHY 2018”

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December Client Bulletin

Pros and Cons of Asset Management Fees.

A transition is underway within investment firms. Increasingly, the people you hire to manage your money don’t refer themselves as brokers or stockbrokers. Instead, they’re now financial advisors, financial planners, or financial consultants….

Read more here.

invest-view

 

Due to increased client interest in financial planning, I continue to provide quarterly updates on the investments I recommend.

Read more