Roger A. Kahan is an active member of the Massachusetts Society of CPAs. When you order the bond from your insurance agent, plan to increase the coverage a little to allow for growth in the value of the fund in the future. Thanks to Evan Haberman of Merrill Lynch's Wellesley, Massachusetts office for this reminder. This bonding requirement also applies to ANY person handling the funds of the trust, regardless of whether they are a fiduciary or not. A fiduciary can also include your CPA, so if you are a client of Roger A. Kahan, CPA and you must obtain a bond, please be sure to name Roger A. Kahan as one of the insureds on the policy.
Many accountants view their goal as minimizing their clients' taxes.
I like to see my clients pay more taxes - because their earnings and profits are increasing dramatically. I can make a major difference in achieving those profits. Talk to me and find out more. Have your child work for you in your business and pay him or her a reasonable wage for time spent. Tasks such as answering the phone, filing papers and doing simple maintenance jobs for a parent's business may qualify.