Moore CPAs

With market low interest rates more and more millennials have sparked an interest towards investing in their first property. But are they maximizing their tax-savings strategies? Take a look at our approach (Swipe) and give us a call if you have questions! 🤓

The Theory of 0% Interest Rates.


@ Boca Raton, Florida

What’s next on the Fed’s agenda if the stimulus doesn’t pan out as planned? Our thoughts are ...(SWIPE).
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@ Boca Raton, Florida

Great insight pulled from a study. With everything going on in the world, this is a huge wake-up call for millennials just graduating and jumping into the workforce.
@ Boca Raton, Florida

Is the PPP loan actually helping business owners? Alan H. Moore, CPA, MA shares what the revised regulations really indicate. We have the official notice linked in the bio!
@ Boca Raton, Florida

The IRS just released guidance notice 2020-32. SWIPE for insight on the matter from our in-house partner/CPA, Alan H. Moore. Link to official notice:https://www.irs.gov/pub/irs-drop/n-20-32.pdf
@ Boca Raton, Florida

Most of the Sub S business owners we see are making a big mistake minimizing their earned income to maximize the profits passed out on a K-1 just to escape the 15.3% self-employment tax. The mistake is the failure to build a wage base used to calculate future Social Security benefits at retirement, which is a 35-year wage lookback. For example, if the owner reports a wage of 50k and profits of 100k over a 35-year period, the owner can only collect $1,350 in SS benefits at 67yrs old for the rest of his/her life. If 132k is reported on a W2, future SS payments jump to $3,300 per month. The Pension value of the difference is approximately $700k: that amount of money would be needed to generate the difference in SS benefits. By reporting just 50k, the owner would save $12,546 per year in SE taxes, which is $439k over 35 years. Still, that is a loss of ~260k of retirement value. Not to mention that Social Security benefits go up with inflation every year, no pension plan does that. You can also raise the SS benefit by 7% a year if you delay drawing social Security at age 67 until 70, which is a 21% increase.