Special Delivery: April 2013

This month's Special Delivery includes the following:

Golden Opportunity for Small-Business Owners

Are you contemplating purchasing new equipment or assets for your small business? It’s a good time for many business owners to “spin straw into tax gold.” Reason: Under the new tax law signed earlier this year—the American Taxpayer Relief Act of 2012 (ATRA)—you can claim a generous current deduction of up to one-half million dollars for property you acquire for your business. There is no guarantee this favorable write-off will be available after 2013.

Click here to read more about the generous Section 179 deduction available in 2013.

Tax Tactics: Giving IRA Funds to Charity

A unique tax-saving strategy for retirees has been revived by the American Taxpayer Relief Act of 2012 (ATRA). The new law allows you to contribute to charities by transferring funds directly from your IRA. This provision had technically expired after 2011, but ATRA extends it through 2013, retroactive to the 2012 tax year.

Click here to read more about the new law restores technique for retirees.

Uncover Key Change for Roth 401(k)s

It has not received much attention in the media, but a “hidden” provision in the new American Taxpayer Relief Act of 2012 (ATRA) creates a new tax-saving opportunity for retirement-savers. As a result, you may be encouraged to transfer funds to the Roth version of a traditional 401(k), if it is offered by your employer.

Click here to read more about how the new law allows in-service conversions.

Baseball's Long Season and Time Horizons for Investors

Thinking about how long the season is gets me thinking about time horizon for investors.  Most people, regardless of age, have several decades of life ahead of them.  For those looking to have their portfolio provide for consumption in retirement, that means several decades of investment ahead.

Click here to read Aurum Wealth Management's update on average life expectancy based upon age, and how that can affect your investment patterns.

Aurum Wealth Management Group, co-founded by Skoda Minotti, is committed to being an advocate for clients' wealth, by providing personalized investment management services that deliver exceptional insight, access, service and results to clients and their families. To read more about Aurum Wealth Management, visit www.aurumwealth.com.

Upcoming Event With Aurum Wealth Management Group

Aurum Wealth Management Group would like to invite you to join them on June 13 for a free, informative breakfast seminar, entitled:

Investment Failure Points: Why Human Nature Leads Us Astray and How to Overcome It

Event Details:

  • Date: June 13, 2013
  • Time: 8:30 - 9:45 am
  • Location:
    Palma Ceia Golf and Country Club
    1601 S. MacDill Ave.
    Tampa, Fla. 33629

Click here for more information and to register.

Skoda Minotti Employee Obtains Advanced Global Business Designation

Rudy A. Mayoz, CPA, CGMA, senior tax associate at Skoda Minotti, has obtained his Chartered Global Management Accountant (CGMA) credential.  Management accountants specialize in driving performance through best practices, risk management, strategy and operations, and are primarily based in business and government settings.  

Click here to read more about how his new designation can help deliver on the promise to our global clients.

For more information on Skoda Minotti's CPA, business and financial advisory services, please leave a message below, or contact a Skoda Minotti professional at 440-449-6800.

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