I’m honored to announce that for the 5th year in a row I’ve have received the Five Star Wealth Manager award!
We are pleased to announce that Andrew Kyriacou has won the 2019 Five Star Wealth Manager award! By earning this honor, Andrew has demonstrated a commitment to clients. Please offer Andrew your congratulations.
Five Star Professional has recognized in the pages of Boston magazine an outstanding group of Boston-area wealth managers. Five Star Wealth Managers are named using an in-depth research methodology that includes ten objective criteria.
Congratulations once again to Andrew Kyriacou and to all of our 2019 Five Star Wealth Managers!
As a reminder, certain elections and/or company policies must be
in place prior to December 31, 2018, in order to be applicable to calendar year
tax returns and financials. Taxpayers should consider if they have the
appropriate elections/policies in place or need to revise prior to December 31,
2018. Below are some elections/policies that are relevant to many of our
clients that they may want to consider.
GILTI Accounting Policy Elections
ASC 740 does not currently directly address the accounting for
GILTI. As a result, the FASB staff concluded in FASB Staff Q&A #5 that companies can make an
accounting policy election to either:
Treat GILTI as a period cost if and when incurred, or
Recognize deferred taxes for basis differences that are expected
to reverse as GILTI in future years.
If a company elects to treat GILTI as a period cost, there is a
supplemental accounting method election to make in determining if a valuation
allowance is required for some or all of the company’s NOL carryforwards as
companies in a loss position will not be allowed a Sec. 250 deduction or
foreign tax credit (FTC) on GILTI inclusions and instead will be utilizing NOL
carryforwards to offset any GILTI inclusion. FASB allows a company to take one
of two approaches in assessing a valuation allowance on NOLs:
Incremental Cash Tax Savings Approach – The Company compares
what it expects the incremental cash taxes to be with and without the NOL. The
difference would be the realizable benefit of the deferred tax asset.
Tax Law Ordering – The Company looks to tax law ordering to
determine whether the existing NOL deferred tax asset is expected to be
realized. Under this approach, the fact the company will not be able to utilize
the Sec. 250 deduction and FTC is irrelevant.
Companies will need to disclose their policy elections in their
audited financial statements and the accounting policy elections must be in
place by December 31, 2018, for calendar year companies, in order
to be effective for 2018 and future years.
De Minimis Safe Harbor Expensing Elections
As part of the final tangible property regulations, taxpayers
are required to make annual elections related to their expensing policies. The
de minimis safe harbor election requires a written policy to be in place by the
beginning of the taxable year. This means that the written policy must be in
place by December 31, 2018, for calendar year taxpayers planning
to make the de minimis safe harbor election on a 2019 tax return.
In addition to taxpayers with audited financial statements, this
also applies to taxpayers without audited financial statements, taxpayers with
Schedule C business activity and taxpayers with rental real estate
Deductibility of Accrued Bonuses
In order for accrual basis taxpayers to take an income deduction
for bonuses as of the end of its tax year, the bonuses must be fixed and determinable
as of the end of the tax year and paid within 2 ½ months. Many taxpayers
require employees to be employed on the payment date of the bonus or do not
determine the amount of the bonus or bonus pool until after year end. As such,
the bonus is not fixed as of the end of the tax year.
Taxpayers should review their current bonus policies to see if
they meet the requirements to be deducted as of the end of the tax year. If
they do not, then the taxpayer may need to have a Board resolution in place by
the end of the year (December 31, 2018 for calendar year taxpayers).
All the best
Andersen Tax LLC
125 High Street, 16th Floor Oliver St Tower, Boston, MA 02110
I know all of
you are tired of hearing that this market correction is due to the geopolitical
issues around China and trade, interest rate concerns with an anticipated slowdown
in the economy for the future, and most recently a US government shut down.
However, to put this recent decline in historical perspective the average
intra-year decline from peak to trough is about 14.2% over the last 35
years. Corrections are expected, normal, and even healthy. That
statement may feel like cold comfort while in the midst of one, but we have
been in a bull market for over 8 years before this correction. It reminds us
how difficult it is to time the market and how important it is to be
diversified and understand the liquidity needs of each of our clients.
Cautioned in October
As mentioned in an email to all of my
clients in the beginning of October, we were cautious and due for a correction.
This decline was primarily driven by the uncertainty around tariffs, the Fed
rate hike as well as weaker than expected economic growth in China. As
stated in October for all of our clients we are well diversified and our
portfolios have not felt the full brunt of the selloff. However, with that
people should still be concerned and cautious.
For The Coming Year
I would like to reiterate that apart
from the cash flow that you know of in each of your portfolios, if you do have
a need for additional cash within the next twelve to eighteen months you should
have your financial advisor hold this amount in a money market account.
Many of my clients have taken advantage of raising cash before the sell off for
the additional cash needs. The only thing certain we can predict is
uncertainty and therefore, if you have a need for a large cash expenditure in
the next twelve to eighteen months let your financial advisor know.
In times of
heightened volatility it is important to keep in mind the following:
Stay focused on your long-term
Daily fluctuations will be smoothed out
Diversification is the key to superior
risk-adjusted returns. While high-quality bonds have not kept up with the
returns of the stock markets over the last few years they are an integral
component in your portfolio because they provide protection against market
declines. They have not only retained principal but they have earned a positive
return over the last few weeks.
The U.S. economy is still expanding,
driven by strong job growth and positive earnings from corporations.
Contact Your Financial Advisor
your financial advisor is continually monitoring your portfolio and confident
that you are positioned well in terms of allocation and quality. Don’t
hesitate to let your financial advisor know if you have any questions or concerns.
We wish you a very Happy Holiday season and a peaceful and prosperous New Year.
All the best,
Andersen Tax LLC
125 High Street, 16th Floor Oliver St Tower, Boston, MA 02110
Every person needs a plan related to income tax, and to develop this plan you need an expert advice. Andrew Kyriacou is a financial expert who has over 22 years of experience as a financial advisor focusing on tax situations.
Since he joined Andresen Tax, he has been working as an expert for handling the high-level tax issues that are founded in the income tax strategies. He also develops tax strategies to help his clients. If you are looking for help from an expert, then check out the Andrew Kyriacou TaxStrategies.
Andrew Kyriacou Tax Strategies
These strategies can be used to for resolving tax-related
issues for anyone who is suffering from large income tax payments. As you may know,
it becomes a time of depression income tax needs to be paid each year. Here are
some tips to keep more money in your pocket.
1. Try to Maximize Your Savings.
If you have the financial means you should put as
much money as you can into your personal retirement accounts… Roth IRAs,
401(k)s, etc. Any amount you can save is smart, but if you have the means, contribute
the maximum that is allowed by your account.
2. Try Deferring Some Income.
If you might be entering a higher tax bracket, then
you’re probably concerned about the ramifications. You should consider
deferring one or two paychecks until next year, or defer other income to
minimize your current liability.
3. Accelerate Deductions.
Along with deferring income, you can pay some
deductible expenses this year instead of next year. This will temporarily lower
your income and income taxes.
If you are self-employed you can prepay the balance
of your state tax this year rather than waiting for January. This will secure
the deduction for this current tax year.
4. Donating Appreciated
Securities to Charity.
Most publicly traded securities with unrealized
long‐term gains can be donated
to a public charity (501(c)(3). To do this you can claim the fair market value
as an itemized deduction on your federal tax return — up to 30% of your adjusted
gross income. You won’t owe capital gains taxes because the securities were
donated, not sold.
We all know the holidays are a fun time and bring a lot joy and happiness. BUT, the holidays also mean increased spending. We have to get gifts for our family, relatives and friends. We also spend more money going to visit people during the holidays.
Many people also like to do some charity during the holiday season. As you know, the funds that you give to a charity are also tax deductible. You are eligible for up to 50% deductible when we donate in complete cash.
The holidays are a time for big spending, but also a time for big earnings. So, prepare accordingly.
My ‘Andrew Kyriacou Market Update’ will give you some facts about the market and where how to prepare.
According to Andrew Kyriacou the value of the market changes every day, so there is no fixation within market strategies. As business changes according to the market, we have to change according to the cost that we have to spend on anything in the market. The expense on daily purchases can change and no surety that they will decrease or increase. The rise in market rates is usual whenever a season starts because the start of a season is time to get more profits from your investments in the market.
Because most fortune 500 companies are cyclical in the yearly revenue, they often rely on the holidays for a huge boost in revenues… this often primes the market to spike ahead of 4th quarter revenue projections.
Andrew Kyriacou often shows his clients how to make a wise investments and financially beneficial charity donations during the holiday season. You can complete your planning for the assets that you want to put into the charity. Donations are not under the complete deduction, but you can learn about the deduction process before paying funds to any public or private charity.
If you are a legal taxpayer you should always follow the guide lines of the Internal Revenue Service. The deduction goes on up to 5 years on the cash charity and the assets are considered as fair market value when they are held for more than 1 year. The costs are on increase and the Andrew Kyriacou Market update is here to help you in making a perfect decision regarding you holiday season expenses. An advisor with expertise will define you every bit of the holiday season market update strategies. May the context is helpful for you and guide you in the right way towards making holiday season charity this year.
I wrote this open letter to my HNWI clients following the recent midterm elections… ‘Market Volatility After the Midterm Elections by Andrew Kyriacou’:
The potential outcomes of the midterm elections have been dominating the news lately. As October reminded us, investors and the markets typically do not like uncertainty. With Democrats taking control of the House of Representatives, and Republicans maintaining their majority in the Senate, this clarity may bring some reassurance for investors.
Throughout 2018, we have been expecting a return to more normal levels of market volatility (after experiencing very little in late 2016 and 2017), driven by forces such as potential economic growth, inflation concerns, rising interest rates, trade tensions, and political uncertainty. In fact, the S&P 500 Index has slipped into “correction territory,” defined as a 10% decline from a recent high, on three separate occasions this year. While potential tariffs and Federal Reserve policy may have garnered most of the headlines, the underlying uncertainty around the U.S. midterm elections has probably also been pressuring markets.
Midterm Election Years
Historically, midterm election years are the most volatile of the four-year presidential cycle. Equity markets are typically unable to sustain any lasting momentum because investors are awaiting the outcome and considering how it may influence policy, the economy, and in turn, the markets. Occasionally, market participants conclude that the potential for political “gridlock”—a divided Congress—is a favorable outcome, as that suggests any extreme political or economic measures are unlikely. Since 1950 the U.S. stock market has consistently displayed a sort of “relief rally” after the midterm elections; so if history repeats itself, we may see strong performance through the rest of 2018 and into the first half of 2019.
Democrats in control of the House
Although clarity may be all that the stock market is looking for, there are several important policy implications for investors to consider in light of this year’s results. With Democrats taking control of the House, “gridlock” may in fact mean a better sense of political balance for many market participants, as it limits the potential for the policy pendulum to swing too far in any one direction. We may also see an infrastructure spending deal and progress on trade, which could provide further support for the markets. On the other hand, the debt ceiling debate may create renewed uncertainty if Democrats attempt to roll back some of the recent tax cuts in order to reach a deal on the federal budget, and increased scrutiny of the administration may periodically weigh on market sentiment.
Looking ahead, a traditional post-midterm election rally may follow as investors attempt to identify asset classes, sectors, and industries positioned to benefit from the election results. Although considering the deep domestic political divide, as well as the ever-present global challenges, it is prudent to prepare for further bouts of market volatility in the year ahead. It is also important to stay focused on those factors that traditionally drive markets in the long run: not political headlines, but rather the solid fundamentals supporting economic growth, the direction of interest rates, and the impact of corporate profits on the financial markets.
As always, if you have any questions or concerns please contact me and the Andersen Tax Wealth Management team.
This Andrew Kyriacou Holiday Tips article may help you get through the holidays with a little extra cash in your pocket. The key is to be prepared in advance for the upcoming expenses through savings.
As we all know the holidays are an important part
of our busy lives. It’s the time when we splurge on gifts, food, and
entertainment with our family and children. Families often plan for vacation
trips during the winter holidays, which just adds to the increased spending.
That trip to visit distant relatives, or the family alpine skiing trip begin to
add up financially during a time of year when it’s hard to say no.
The wise man (or woman) always sets his (or her)
financial savings in the present that he needs in the future. So, the decision
is on you to start saving – if not then you may have greater difficulty during
the high spending season.
These tips are for all the people who want to save
for their holidays and stay prepared for the upcoming vacations before they
Andrew Kyriacou holiday tips are for saving everyone
from these dangerous situations when we are at the stage of ‘can’t say no’.
Andrew Kyriacou Holiday Tips #1: Check
your Current Financial Status
The first action is enquiring your current
financial status. Check how much you have in your pocket or bank savings or any
other source where you had saved for these expenses. This will help you to
understand what you can and cannot afford. You can use your savings funds
easily, but make sure you’re not over-spending. Meaning, you should also look
to January and February expenses to make sure you have enough savings for AFTER
Andrew Kyriacou Holiday Tips #2: Make a List of your Expenses
When the holidays are coming, you should discuss
the needs and wants (in regards to expenses) with your family. Holidays are
full of expenses such as shopping, booking fun costs and many others. Make a
complete list of all your planned expenses for which you have to spend money.
The list covers every single aspect of expense from normal shopping to the
highest expenses. Shopping for holidays is also not so cheap, buying season
clothes and other related items that you need on your holiday trip, Expenses of
hotel booking and costs for outside ride on any vehicle are all making it too
costly. But when the matter is on your family’s demand and expectations than
you have to take care of the various need of your family.
Andrew Kyriacou Holiday Tips #3:
Don’t Go Into Debt During the Holidays!
When you want to impress your family with a
surprise of a grand holiday package, please don’t get into debt because of your
need to impress. Credit cards and borrowing money from any lender comes with
extremely high interest, which will put you in a hole that you will have a hard
time getting out of once the holidays are over.
Stay within your reasonable budget because once you
make a decision to borrow money at high interest, the cycle will repeat itself
the next year.
Andrew Kyriacou Holiday Tips #4: Save in Advance
Always start saving earlier when you know the
expenses are coming soon. Any amount you can save is fine, but you must do it.
Open a savings account the gives you a little interest on your money, and
simply set up an auto transfer each week or month. Make it an amount that won’t
affect your normal expenses. Trust me, it adds up.
If you read these Andrew Kyriacou holiday tips carefully
then you may not have any issue with your holiday planning.
The Bottom line:
These are the Andrew Kyriacou holiday tips that can
help you to enjoy your vacations without any depression of finance. You can
satisfy the desires of your family by providing them with all the luxuries that
they expect during the holidays.
Andrew Kyriacou market report back again. Here are the questions and answers we’re looking into in this issue: Are we in the longest bull market ever? Why is this bull market important? Will a hike in interest rates arrest the market? …let’s dive into this market report.
Are We In The Longest Bull Market Ever?
The short answer is yes… but let me
a Bull Market is a when the price of
trading stocks are on a continual growth path or may grow according to the
expectation of the investors. The most common definition for the start of a
bull market is a rise of 20% in the market, and then regular growth throughout
the extent of that Bull Market. A Bear
Market then, is the continual decline of the market beginning with a 20%
decrease in market price from the highest mark.
are a few conflicting opinions about this current market, but for most
investment advisors and strategists the current bull market began on March 9,
2009. This was just after the financial crisis had sunk the S&P 500 to an
appalling low of 666.
On August 22 of this year, the current bull market turned 3,453 days old, making it the longest bull market in history. These markets are risky because you may get profits, or can get huge losses because your never know how long a bull market will last. There is no surety that you always get a profit.
Andrew Kyriacou and bull markets go back a long time. Basically, a Bull Market is a market related to finance where a price of trading stocks are on a continual growth path or may grow according to the expectation of the investors. This market is introduced when the economy is in the strong situation and it needs investors who want to get profits. Most rises in investment are up to 20% in the Bull Market.
Andrew Kyriacou and Bull Markets
Andrew Kyriacou, a financial advisor, always
suggests to his followers to make a wise choice while you are going to invest
during a bull market.
These markets are risky because you may get profits,
or can get huge losses because your never know how long a bull market will last.
There is no surety that you always get a profit.
A fall or rise in the trade market rates is an
unexpected thing. This is your own responsibility if you lose your investment
due to rate fall down, but most of the time they can give you a high profit if
you are ‘riding the wave’ early.
The Current Bull Market
During any bull market you can get the high return
for months and sometimes for years. Experts are at odds in regards to this
current bull market – some financial experts say that this bull market start in
2009, which would make it the longest bull market in history. However, other
financial experts are saying the there have been to downturns since 2009 that
would satisfy the general definition of a Bear market. These experts suggest
that the current bull market started in February of 2016.
Andrew Kyriacou believes that this particular bull
market began in 2009. He says that trying to invest in this current strong bull
market, while the economy is on high strength, is becoming more and more risky.
Becoming afraid from the market risks is not a
quality of successful trader, but acknowledging the increasing risks are
important – these are the words of Andrew Kyriacou.
There are some important points to consider under
your mind when you are planning to invest in the bull market.
Look at the following tips by Andrew Kyriacou:
This is the first step when investing in any bull
market. Andrew Kyriacou says not to behave like you are an expert and never
spend more than your budget. This over-investment can be risky when the market
falls off in its rates. He always recommends choosing an investment plan that
fits your budget.
As you know the market rates may vary with time so
always check the rates before investing. Andrew Kyriacou reminds to not make a
mistake of investing in the trades that are profitable in the past year because
the situation never remains the same in every year. You may get profits if you’re
lucky, but sometimes the trades go off and rates fall down.
The comparison is a choice of smart investors
because they always compare all plans before making the final decision on
investment. Don’t play with the market try to invest like a wise trader by
comparing the various available investment options and then invest in one that
you find the best in all. The best plan
is that which has high chances of raising its market rates and has the lowest
chances of price dropping.
Hedge Your Bets:
When the length of a bull market becomes longer and
longer, the risks in a large drop become higher. Thus, it is very important to
begin hedging your investments against this risk. This means becoming less
risky in your investment strategy, and always investing in two offsetting
securities. Meaning if one security drops off, the second will compensate for
an Expert Advice:
Take an advice from a financial advisor or any trading expert who has vast knowledge of marketing strategies and bull markets. Check the news and updates on the blog of Andrew Kyriacou for getting advice related to market price and current plan with high values. He has great experience and always suggests you the right option that is almost risk-free or has a lowest risk.
After checking all these strategies and marketing
investment plans should be easier to choose for you. According to Andrew
Kyriacou, the growth of earning is on improves and the market in its healthy
stage. The improvements are going on from the July to August and the rise in
employment is up to 4.3 percent.
This Andrew Kyriacou and bull markets White Paper
describes that there are growing risks in the current bull market. So this is
the best time to starting lowering your investment risk in the market and begin
planning for the next Bear market.
In the bottom line, in the advice of Andrew
Kyriacou he says to never leave any opportunity of getting profits when you are
a trading lover. Who doesn’t want to be successful in the trading stream? But,
you have to know some basics of this field before starting your investments and
A strategic advisor like Andrew Kyriacou, and a
smart plan in a bull market will always return you more value on your
investments. The risk is the common factor, but after risks there may be a
successful investment growth waiting for you. So be smart and start investing
more risk-adverse and grow your earning with Andrew Kyriacou and Bull Markets.
October 12, 2018 – Market Update from Andrew Kyriacou
As many of you have seen this past week, the markets are
trending down and volatility is spiking.
Well, it seems that the “elephant” in the room is now being
The main reasons why we are seeing this volatility today in
the markets, and maybe a correction within the US stock market, relates to the
increase in US interest rates, the strength of the US dollar, commodity prices
(particularly oil) and more concerning tariff tensions. In fact just this past week the International Monetary Fund (IMF) stated that
worldwide growth is becoming more uneven among emerging market and developing
economies, reflecting the combined influences of rising oil prices, higher yields
in the United States. The IMF reduced their worldwide estimate for 2019 GDP and
stated “the sentiment shifts following escalating trade tensions, and domestic
political and policy could lead firms to postpone or forgo capital spending and
hence slow down growth in investment and demand.”
As I mentioned in an email to my clients, we anticipated
rates moving higher in our clients bond portfolios. Even though the valuations
of the bonds decrease with rates moving up, most of our portfolios are short to
limited duration that will not only recoup any short term valuation volatility
but, as the bonds come due, while rates are moving we will be capturing the
higher rates of return on the new bonds.
This will add to the total return of your portfolio over time. In the
short term the market volatility will increase.
As for the equity markets, it is best to be cautious of the
mixed market conditions. Baring the
geopolitical issues related to trade and tariffs, the US economy is projected
to have a GDP between 2.5% and 3% in 2018. Further, the projection for 2019 GDP
is around 2.5%. This would translate in single digit returns for the US equity
However, you should be very cautious of geopolitical issues
or that big elephant in the room in which interest rates may move up higher
than expected and the trade tensions escalate which it will have a long term
effect on the markets. Therefore, near term we believe the markets will
continue to see volatility.
I am always very disciplined in my approach to maintain the
appropriate liquidity for my clients to take into account market corrections. I
also believe that the active managers who concentrate on companies with strong
balance sheets, positive free cash flow, and high profit margins will fare
better in these markets.
These days it’s best to maintain a diversified approach to your
portfolios that have weathered the storms in the previous market corrections. If
you are well diversified your portfolios will not feel the full brunt of the
recent sell off. However, with that there
are still concerned and cautions. Besides the cash flow needs that you need in
each of your portfolios, if you do have a need for additional cash within the
next twelve to eighteen months you might consider holding that amount in a
money market account.
The only thing certain we can predict is uncertainty, and
therefore if you have a need for a large cash expenditure in the next twelve to
eighteen months you should let your financial advisor know.
In the meantime, take the good Baron Rothschild’s advice (tweaking
it slightly), “buy when there is blood in the streets, even when it’s your
own”. No action in this market may be
the prudent action to take as what you want to avoid is to sell low.
Be cautious and consult your financial advisor. These will
be volatile time.