Tax-Efficient Planning Can Deepen Existing Client Relationships

Business Growth: Marketing & Referrals 

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

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Posted in Tax, Tax Clarity, Tax Map, Clients, Grow your business, Taxes, Tax Cuts and Jobs Act, Tax Law, New Tax Law

4 Ways Financial Advisors Can Make the Most of this Tax Season

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

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Posted in Tax, Tax Clarity, Tax Map, Tax Reform, CPAs, Taxes, Tax Cuts and Jobs Act, Tax Law, New Tax Law

A closer look at the new Tax Clarity updates: pass-through deduction

Posted on June 07, 2018

At the beginning of April, Covisum rolled out four new features to the Tax Clarity® software. The new pass-through deduction feature is particularly important for advisors with certain clients who own small businesses. The update allows advisors to demonstrate the impact of the deduction for pass-through income and the phase-out of the deduction under the 2017 Tax Cuts and Jobs Act.

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Posted in Blog, In The News, Tax, Tax Clarity, Tax Reform, Taxes, Tax Cuts and Jobs Act, FinancialPlannng

A closer look at the new Tax Clarity updates: self-employment tax

Posted on May 15, 2018

At the beginning of April, Covisum rolled out four new features to our Tax Clarity® software. The new self-employment tax calculates the impact of paying both the employee and the employer's share of Social Security and Medicare taxes for self-employed clients.

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Posted in Tax Clarity, Features, New, Tax Cuts and Jobs Act

ThinkAdvisor: Covisum's advisor and quant discuss the impact of tax reform on investment portfolios

In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic. Check out the most recent installment, "How New Tax Law Affects Investment Portfolios."

In this edition, we asked both Joe and Ron what kind of impact tax reform has on investment portfolios.

Joe's response included:

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Posted in Tax Cuts and Jobs Act, New Tax Law, ThinkAdvisor, The Advisor & The Quant

4 New Features in Tax Clarity Help Advisors Make an Impact for Their Clients

Everyone in the financial services industry is talking about how the changes to the tax law will impact clients, and the most prepared advisors will be able to capitalize on this enormous opportunity.

With Tax Clarity®, you can provide tax alpha and quickly identify sub-optimal situations, showing clients how to make retirement decisions in the most tax-efficient way. 

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Posted in Tax Clarity, New Resources, Tax Cuts and Jobs Act, New Tax Law, New Features

Throw CPAs a Life Jacket

Americans are inundating CPAs with questions about how the recently passed tax law will impact them. But most CPAs make their living off businesses and business owners with complex and time-consuming concerns, not the middle-income retirees calling with questions.

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Posted in Tax Clarity, CPAs, Grow your business, Tax Cuts and Jobs Act, New Tax Law

The impact of tax reform on "Consider This" with Cathy Wyatt and Joe Elsasser

On February 9, Joe Elsasser, CFP® and President of Covisum appeared on "Consider This" on NET to discuss the impact of the Tax Cuts and Jobs Act. Watch the full interview here:

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Posted in In The News, Tax Reform, Joe Elsasser, Tax Cuts and Jobs Act, Tax Law, New Tax Law, video, NET

On-Demand Webinar, "Tax Law 2018: What Advisors Need to Know"

Do you have clients who don’t understand the relationship between ordinary and capital incomes? If you do, they could be on their way to potentially significant tax inefficiency in their retirement strategy.

Recently, President of Covisum Joe Elsasser, CFP® and Dave Cechanowicz, JD, MSFS, AIF® AEP and Senior Financial Planner with REDW Stanley hosted a webinar discussing how to capitalize on opportunities from the change in the tax law. The webinar was written about in "ThinkAdvisor" and "

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Posted in Tax Clarity, Webinar, Financial Planning, Joe Elsasser, Taxes, Retirement Planning, Tax Cuts and Jobs Act, Tax Law, New Tax Law, ThinkAdvisor, PLANADVISOR

PLANADVISOR: Advisers Beware and Be Cautious When Talking Taxes in 2018

On Tuesday, President of Covisum Joe Elsasser, CFP® and Dave Cechanowicz, JD, MSFS, AIF® AEP and Senior Financial Planner with REDW Stanley presented a webinar, "Tax Law 2018: What Advisors Need to Know," to hundreds of advisors across the nation. PLANADVISOR's John Manganaro attended and wrote this piece summarizing the presentation: Advisors Beware and Be Cautious When Talking Taxes in 2018.

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Posted in In The News, Webinar, Joe Elsasser, Retirement Planning, Tax Cuts and Jobs Act, Tax Law, New Tax Law, PLANADVISOR