Act Soon if
You Want to Help Your Child Buy a Home
interest rates are still at historically low levels, but
they’re expected to go up by year end. So if you’ve been
thinking about helping your child — or grandchild — buy a
home, consider acting soon. There also are some favorable tax
factors that will help:
0% capital gains rate. If the child is in the 10% or 15% tax
bracket, instead of giving cash to help fund a down payment,
consider giving long-term appreciated assets such as stock or
mutual fund shares. The child can sell the assets without
incurring any federal income taxes on the gain, and you can
save the taxes you’d owe if you sold the assets yourself. As
long as the assets are worth $14,000 or less (when combined
with any other 2015 gifts to the child), there will be no
federal gift tax consequences — thanks to the annual gift tax
Low federal interest rates. Another tax-friendly option is
lending funds to the child. Now is a good time for taking this
step, too. Currently, Applicable Federal Rates — the rates
that can be charged on intrafamily loans without causing
unwanted tax consequences — are very low by historical
standards. But these rates are also expected to increase by
If you have questions about these or other tax-efficient ways
to help your child or grandchild buy a home, please contact us at 925-634-2344
if you have any questions about this.
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,