About Ken Gibbons
I left CPA audit work because it dealt with after-the-fact financial history, which was boring. I wanted to use my 30-plus years of experience to improve everyone’s finances, not just tick & flick numbers.
Whether it’s the business, the owner, or their employees, everything is interrelated but yet disjointed at the same time. It isn’t easy to know if you’ve maximized all the possibilities. Does anybody really feel like getting a degree to make financial and benefit decisions? The material, courses and time adds up quick. Thus, getting help, asking questions, and being “Proactive” with your finances, accounting, tax strategies, investments, retirement plan, and estate planning is even more critical in this new and fast-changing tax and law system.
CLIENT HIGHLIGHT – A client had an investment portfolio that she didn’t understand, high fees & the advisor never spoke with her after signup. I adjusted her investments, my advisor fee was almost half, I speak with her a couple times a year and the fee reduction would save her over $10,000 in 7 years time.
Does the thought of trying to keep up with all the tax and law changes make you cringe? Thus, I saw the need for holistic financial/benefit planning. I’ve done the research and will educate you in plain English, so you understand your options. This will reduce your decision stress so you can finally make confident, informed decisions.
CLIENT HIGHLIGHT – A tax client had a truck worth about $27,000 that wasn’t deducted. Apparently, the accountant didn’t see the purchase because he bought it before starting his business. A depreciation correction form was filed and the entire balance was deducted in the year of discovery. Tax savings about $9,000.
In the past, I’ve audited large 401K plans for DOL-required compliance. I leveraged this knowledge and obtained my CPFA designation. Now, I can provide 401k plan advisor guidance to employers because they want to help their employees and retire too. A 401K plan means compliance work for the employer, and I’m pretty sure they’d rather be running their business instead.
CLIENT HIGHLIGHT – Business owner had high income & wanted to reduce taxes. A profit sharing plan was started & because of the owner/employee makeup (5) was able to deduct about $67,000 with most of the funds going to the owner and family employees. After cost savings about $15,000, see blog post.
Regardless of who you are, a business, owner or a employee, there is an easier way.
So, let’s create a plan that’s “Geared to Strengthen your Future.”
Hobbies & Interests – Fishing with my son, the beach with my wife Lisa, hiking, photography, Fella our dog, renewing old bamboo fly rods.
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