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Salibello & Broder Presented Annual High Net Worth Tax Seminar on May 20, 2010


Salibello & Broder LLP
633 Third Avenue
New York, NY 10016
Contact: Paul Seach
Marketing Manager
(212) 404-5557
pseach@sb-cpa.com

 Salibello & Broder Presented Annual High Net Worth Tax Seminar on May 20, 2010

NEW YORK (June 1, 2010) - In response to this year's shifting tax landscape, Salibello & Broder LLP (S&B) presented crucial tax planning strategies for high net worth individuals at the firm's sixth annual breakfast seminar, "Tax and Wealth Planning Challenges for High Net Worth Individuals in 2010," on Thursday, May 20 at The University Club.

The seminar focused on a number of headline-making topics.  It commenced with planning strategies for the growing Alternative Minimum Tax and how more people are falling into the "AMT trap."  Next, the "all in" cost of state and local income taxes were discussed as well as the rising cost of personal income taxes for the New York, New Jersey and Connecticut tri-state area.  The seminar also addressed income tax increases recently enacted by Health Care Reform legislation and closed with tips on wealth transfer and charitable giving and the do's and don'ts of Roth IRA conversions in 2010.

"The seminar's purpose is to assist high net worth individuals develop a sound tax planning strategy in light of the many ongoing tax changes and tax uncertainties," said Ross Rizzo, CPA and Partner and Director of tax with S&B.  "The seminar covers many tax awareness issues affecting high net worth individuals that arenot presented in an overly technical manner."

Speaking along with Ross Rizzo were Dan Zeman, CPA, Tax Partner, and Jim Wetzold, CPA, Senior Tax Manager.

"Everyone is talking about the one-year opportunity to maximize long term wealth accumulation by considering a Roth IRA conversion," said Dan.  "We have helped many of our clients evaluate this opportunity."

"Heath care reform included numerous complicated tax provisions that will effectively increase taxes for many people. Tax planning for these new provisions should be considered before year-end," added Jim Wetzold.

The firm's next annual tax seminar, U.S. Tax Issues for U.S. Resident and Nonresident Aliens and U.S. Citizens Working Abroad, will be held on Thursday, November 18, 2010.

About the Firm

Founded in 1978, S&B has grown into a full-service accounting and professional services firm with offices in New York and Los Angeles.

S&B has become a middle-market leader due to its dedication to value-added year-round client service, its commitment to providing the highest quality service, and its investment in the ongoing training of its staff.

S&B provides a broad range of assurance, tax, computer consulting, and foreign and domestic accounting and administrative services to foreign-owned companies and foreign nationals in the United States.

Visit www.sb-cpa.com for a full list of services, information about the firm and to join our weekly tax tips list and to receive invitations to our upcoming events.



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