Do You Qualify as a High-Net-Worth Individual?
As tax regulations become more complex, financial planning has never been more important. The greater your income, the more challenging your tax obligations can become. While many people assume they do not qualify to be considered a high-net-worth individual, they just might be. If you have a minimum of $1 million in liquid assets (bank accounts, stocks, bonds or even cash), you could fit into that category.
“A high-net-worth individual (HNWI) is someone who generally has liquid assets of at least $1 million after accounting for their liabilities (Liquid assets held by HNWIs include cash and investments that can be easily liquidated or converted to cash, including stocks.)”
– https://www.investopedia.com/
Why is this important to know? It could be affecting your taxation rates without you even realizing it. JTS Associates CPA’s are experienced and knowledgeable tax professionals who know how to work with clients to develop cutting edge strategies that can help you maximize tax savings. Too often we meet successful people who have reached this financial milestone without even realizing it and have missed out by not doing any strategic planning to better manage their wealth.
When you have your first consultation with one of our dedicated tax specialists, you will gain much more clarity on where you stand financially and how you can take control to achieve your personal and professional objectives. They are well versed on the ever changing tax laws and regulations on the federal, state, local and even international levels.
Give us a call today at (516)877-5900 to take that first step towards gaining even more financial freedom.
