Prospecting is necessary for growing your practice, but maintaining your current client base is equally important — and it actually can contribute to growth.
Showing your existing clients areas where you can add money to their retirement can deepen their trust in you, securing their commitment and even leading them to tell their friends and family about you. Tax Clarity® subscribers can attest to the power of using the topic of taxes and the software
Posted in Tax, Tax Clarity, Tax Map, Clients, Grow your business, Taxes, Tax Cuts and Jobs Act, Tax Law, New Tax Law
Covisum® is hosting a free webinar on Wednesday, March 20 at 11:00 a.m. Central Time. Advisors will learn how to identify which accounts clients should withdraw from, and when, in order to make better retirement strategy decisions.
Posted in Tax, Tax Clarity, Tax Map, Webinar, Taxes
Hidden Value is a column in ThinkAdvisor where Joe Elsasser, CFP®, answers common questions with insights advisors and their clients may not have considered. This week he takes a closer look at the tax implications and the hidden opportunities created through interactions between various cash sources.
Posted in Tax, Tax Clarity, Joe Elsasser, Taxes, ThinkAdvisor, Hidden Value
Tax Day is rapidly approaching, and there are a few ways that financial advisors can be really helpful during this stressful time of year.
Many financial advisors know that taxes have a significant impact on their clients, however potential compliance issues often lead to reluctance to talk about taxes. Lumping anything tax-related into "tax advice," is a disservice to your clients. Advisors have a duty to understand, consider and explain the tax consequences of various strategies.
To talk
Posted in Tax, Tax Clarity, Tax Map, Tax Reform, CPAs, Taxes, Tax Cuts and Jobs Act, Tax Law, New Tax Law
We are well into February, and we’ve reached the perfect time of year to schedule annual reviews for your clients who are still working. There are some opportunities for clients with earned income to clean-up before April 15. One of the most basic ways is through IRA contributions. You can use Tax Clarity® to identify opportunities where IRA contributions can be used to reduce the amount of taxable capital gains.
Posted in Blog, Tax, Tax Clarity, Tax Map, Financial Planning, Technology, Taxes
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Posted in SmartRisk, Social Security Timing, Software Programs, Tax Clarity, FinTech, Technology, Tech
Your clients have until the end of the year to harvest from an IRA, execute a Roth conversion, or take a capital loss. Recently, President and Founder of Covisum, Joe Elsasser, CFP®, hosted a webinar about optimizing year-end tax opportunities for clients. The webinar is now is now available for on-demand viewing. Watch the webinar when and where it's convenient for you.
Posted in Tax, Tax Clarity, Tax Map, Webinar, Joe Elsasser, Taxes
Covisum is hosting a free webinar on December 5 at 11:00 a.m. Central Time where advisors can learn how to optimize year-end tax opportunities for clients. Your clients have until the end of the year to harvest from an IRA, execute a Roth conversion, or take a capital loss. Join Joe Elsasser, CFP®, President and Founder of Covisum for this timely discussion.
Posted in Tax, Tax Clarity, Webinar, On-Demand Webcast, Joe Elsasser, Taxes
Recently, Bob Veres spoke with Covisum Founder and President, Joe Elsasser, CFP®. Here's the recap published in Technology Tools for Today.
Why does Covisum focus on providing tools for financial advisors who specialize in pre-retirement and retirement planning?Posted in In The News, SmartRisk, Social Security Timing, Tax Clarity, Joe Elsasser, Advisor, financial advisor
Q: What does the gray portion of the Tax Map represent?
A: The gray portion of the Tax Clarity® Tax Map represents the effective marginal rate (EMR). If you are looking at the “Rate on the next dollar of ordinary income” map, the software indicates at each ordinary income dollar (i.e. IRA distribution, pensions, earned income, etc.) how that ordinary income dollar and other income (Social Security, capital gains, self-employment, etc.) will be taxed. In other words, the software assesses
Posted in Tax Clarity, Tax Map, Taxes, FAQ
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