Have You Factored GST Tax Into Your
your adult children face the prospect of high taxes on their
skipping a generation
with some of your bequests and gifts.
But beware of the generation-skipping transfer (GST) tax,
which applies to transfers to a "skip person" - generally
anyone more than one generation below you, such as a
grandchild or an unrelated person more than 37½ years younger
The GST tax rate is the same as the top estate tax rate.
Fortunately, there's a GST tax exemption. As with the gift and
estate tax exemptions, the GST tax exemption is $5.43 million
for 2015 ($5.45 million for 2016). Each spouse has this
exemption, so a married couple can use double the exemption.
Once you've used up your exemption, additional GSTs that
aren't otherwise exempt will be subject to the GST tax.
Gifts that qualify for the $14,000 per year per recipient
annual gift tax exclusion generally are exempt from the GST
tax. As the end of the year nears, consider making annual
exclusion gifts before December 31, since unused exclusion
amounts don't carry forward from year to year.
A solid gifting strategy can benefit your loved ones and
reduce your taxable estate. However, you need to be aware of
potential GST tax liability. Please call us at 925-634-2344
with questions regarding the GST tax or your gifting strategy
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,