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How’d Ken Get Here?

I left CPA audit work because it dealt with after-the-fact financial history, just Ticking & Flicking numbers. I didn’t actually save clients tax dollars or plan for their future.

Passion in Proactive Actions!!!

Proactive Financial Actions

I didn’t really see any “Proactive” financial actions taking place and clients were missing out.

WHAT I DID – A business owner had a high-income level & wanted to reduce taxes. I set up a profit-sharing plan and this created a $67,000 deduction.  The owner and family employees received most of the funding because of the employer and employee makeup. Net cost savings of about $15,000, see blog post.

Set It and Forget It Doesn’t Work BUT

It’s Out There

WHAT I DID – A lady business owner had an investment portfolio that she didn’t understand, had high advisor fees & the advisor never spoke with her after signup, really! She asked “Ken, What’s going on with my investments?” We changed her investments so she understands them. Now I speak with her a couple of times a year and my reduced fee level which will save her $10,000 over the next 7 years. 

Communication Gaps & OverLaps

Wouldn’t it be nice if your CPA and Financial Advisor spoke the same language and were on the same page?

Well, I can because I can cover both rolls! I found out quickly that accounting-tax and investment-finance terminology doesn’t always agree even though it seems like they should. It’s not required that I prepare your taxes and finances but it certainly helps. Either way, there are less Gaps and Overlaps when you understand both sides.

Paying Attention, Asking the Right Questions and LISTENING

WHAT I FOUND – A business owner had a truck worth about $27,000 that wasn’t deducted on his tax return. Apparently, the prior accountant didn’t see the purchase because he bought it before starting his business. He also used his property to operate his business from but rent and building deprecation weren’t deducted either. So, I amended his prior year tax return resulting in tax savings of about $12,000.

Auditing wasn’t All Bad – Retirement Plans

In the past, I’ve prepared audited financial statements for large employer 401K plans to meet the DOL requirement. I leveraged this knowledge with my CPFA designation. Now, I provide 401k plan advisor guidance to employers because they want to help their employees retire. 

Let’s create a plan that’s

“Geared to Strengthen your Future.”

New Jersey Business Owners

YOU HAVE TWO CHOICES:
PAY TAX AND COMPLAIN ABOUT IT​
OR​
SAVE TAX AND BRAG ABOUT IT​
( Individual results will vary )​

I help New Jersey Business Owners Maximize their Wealth using Advanced Tax & Financial Strategies for both their Business & Personal Finances. Learn about our corporate financial planning strategies.

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FINANCIAL PLANNING

Grow Old and Be:
Tired
or
Retired

Save Yourself by Saving Yourself

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RETIREMENT PLANS

Renew
Your
401K Plan's
Purpose
401k Planning Services

401k INVESTMENTS

Learn to
"Take Control of
Your 401K"
401k Investment Advice


Professional Designations
Bachelor of Science, Accounting, Rutgers the State University, Business School
CPFA - Certified Plan Fiduciary Advisor
CPA - Certified Public Accountant, NJ
FINRA Series 66
Life & Health Insurance - NJ
ASSOCIATIONS - MEMBERSHIPS
NAPA - National Association of Plan Advisors
AICPA - American Institute of CPAs
VERIFY MY BACKGROUND "Clickable" FINANCIAL BADGES

Thank You & Congratulations

Glad to see you took action on behalf of your finances !!!

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If you have any questions please feel free to contact us.

Ken Gibbons, CPA & CPFA