We noticed an interesting trend starting late 2022: a five-fold increase in older or retired taxpayers reaching out for help. Possible causes:
Accountants are retiring at the fastest pace on record, leaving many older or retired taxpayers without an accountant. This affects not only their ability to find someone to help them file, but also impacts availability of proactive tax planning & guidance.
Planning for retirement, tax-impact of chosen investments, sale of home, gifting, and how to structure assets are all important topics that can have a large impact tax-wise if planned properly.
Some unique challenges are:
For these reasons, if you have an older relative or friend that may need to transition accountants, we have the following suggestions:
These essential introductory tasks must be completed now in the spring/summer months so we are prepared during the tax season (with us or any accounting firm).
If you need assistance with this, please contact us below and please feel free to send this (or any) post to any friends & family.
(833) 829-1120 toll free
Email & Phone
Monday : 10am–8pm
Tuesday : 10am–8pm
Wednesday : 10am–8pm
Thursday : 10am–8pm
Friday : 10am–8pm
Saturday : 10am–8pm
Sunday : 10am–8pm