IRS & Social Security Scams on the Rise
It’s that time of the year again – tax season. And with tax season comes fake IRS and Social Security Administration phone calls.
Singer Burke Honored Among Variety’s 2018 Business Managers Elite
We are pleased to share that Singer Burke has once again been recognized as one of the elite business management firms by Variety, a top entertainment trade magazine.
Gaining Perspective on the Next Market Downturn
The political divisiveness that has percolated since the 2016 election continues to suggest that our ability to view issues from other perspectives is challenged. And that’s a problem not just for our politics, but for our financial lives as well. The allure of a narrow, one-sided perspective is in the simplicity and focus of its message. But that doesn’t make it accurate. As financial advisors, we spend a lot of time reading and thinking about cognitive bias, in other words, how our “hunting stories” may overstate our upside at the expense of the outsider’s objective interpretation.
Singer Burke in the News: Wealth Management – Stars, Execs & Moguls
Richard Singer and Stephanie Connor Arkof of SB Capital Management were recently interviewed for a piece in The Hollywood Reporter’s annual Money & Politics issue.
Matthew Burke Honored Among The Hollywood Reporter’s
2018 Power Business Managers
We are pleased to share that Matthew Burke has been recognized as one of The Hollywood Reporter’s 2018 Power Business Managers.
Tax Cuts and Jobs Act – The Good, The Bad, & The Ugly
We are just midway through 2018 and already an array of new legislation has come into effect which will have a big impact on tax liability for both individuals and business. As expected, much of the new change in tax liability stems from the recently passed “Tax Cuts and Jobs Act” (otherwise known as the “Trump Tax Plan” or “TCJA”).
Singer Burke in the News: Tax Strategies for Professional Athletes
Singer Burke’s Managing Partner, Matthew Burke, recently sat down with the entertainment banking team at City National Bank to discuss tax strategies for athletes as part of CNB’s ongoing Building Your Team interview series.
The Call to Conscious Action
What’s “conscious action?” Full disclosure: I made it up. But the idea behind it is certainly not mine, nor is it uniquely limited to use in my life or towards my values. In my mind, conscious action means doing what we know to be right, even if our efforts seem to do little to move the needle toward solving a problem.
Make Sure You Are Reporting Bitcoin & Other Crypto-Transactions on Your Taxes
The IRS issued another notice last Friday to remind taxpayers that they need to report any gains from the sale of cryptocurrency on their tax returns. While many people think of Bitcoin, Ethereum and the like as currencies, the IRS currently classifies them as property. This means that buying and selling virtual currencies has many of the same ramifications of buying and selling stocks. What’s more, “selling” may include more transactions than you think, including using cryptocurrency to purchase a product or a service.
Investing: Should You Buy What You Know?
Buying companies you know or whose products you use offers a persuasive sense of comfort to help combat the risk-taking involved in buying stocks. The strategy has even been touted by notoriously successful professional investors like Warren Buffett and Peter Lynch. Undoubtedly, many investors – including some of you reading this – have even made handsome profits buying the likes of Apple, Amazon, Google or Tesla in recent years. So is there something to this strategy? And if not, why does it seem to work?
