Permanent Value Inc. - Registered Investment Advisor

Have A (Less) Taxing Time of Year

IT’S THE MOST… WONDERFUL TIME… OF THE YEAR (FOR  CPAS ANYWAY)  

For the rest of us it’s time to gather our tax information and hope we took enough deductions and withholdings to get a refund (or at worst write a very small check) from the IRS.   We become very aware of how effective our tax planning was at this time and frequently make a resolution to do better at it next year.  It’s our job here at Permanent Value to take the guess work out of tax time and help make effective tax planning a part of your financial routine.  We want you to be confident you did everything possible to minimize your tax bill.   We engage top tax experts to scrutinize your financial situation and give you the best tax advice when it makes sense for you, well before the end of the year.  This is what full-service comprehensive financial planning is all about.
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2010 Tax Planning

Riding off into the Sunset

Some call the 2010 tax year the Sunset Year.  With the Bush tax cuts of 2001 and 2003 set to expire at the end of the year and a new administration taking the reins of fiscal policy, this year will offer little resemblance to a peaceful sunset over the dusty plains of the western frontier.  However contentious this year may be in Washington, there are ways individuals and businesses can plan ahead and get the most out of their 2010 tax return.  Below are a few of the largest and farthest reaching changes for this tax year.

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Investment Reflections

GLANCING BACK AT 2009…

Reveals a year ripe with contradictions.   The Dow Jones Industrial Average surrendered over a third of its value in the first ten weeks of the year, while the S&P 500 gave up 31%.  Thankfully, on March 9 both indices reversed course, and except for a few minor mini corrections, headed higher for the remainder of the year… finishing 2009 with our benchmark, (the S&P 500) ahead by 23.45%.  These musings are written in the first hours of the first trading day of the New Year, and the market bias continues to point higher.

The economy will be facing problems galore, and our challenge will be to anticipate trouble, and react.  Fortunately, even the most daunting problems often conceal enormous opportunities.  For instance… Federal spending is at the highest level since World War II, and the Congressional Budget Office suggests that US government debt will approach 70 percent of GDP over the new decade.  Undoubtedly, the US dollar will continue to fall.  Producers of natural resources (oil, gas, steel, aluminum, copper, gold, etc.) will raise their prices to compensate for the fall in the value of the US Currency.  That should translate into enormous profits for investors in Natural Resources.  We most certainly plan to be among them.

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