No, it is not for idiots, however, most people who purchase whole life insurance probably did so because they were misinformed. They simply believed the hype and didn’t listen to the facts. They were pitched with unrealistic expectations, sugar-coated, and even downright deceitful illustrations. Anytime where is the service provider’s income, (like a life insurance…
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Taking the Necessary Planning Steps During COVID 19
We at Vimlan Tax & Sentigent Financial, hope you and your family are all staying safe during the pandemic. These are trying times for all of us, in this country and our extended families across the world. We look at you, as our extended family as well. Unfortunately, some of our peers, fell ill with…
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Personal Investment Advice
I wanted to share some personal insight with you all that I have learned over the last 17 years I have been a tax and accounting professional. I am writing this from the heart, so I do hope you read this. When I first started, I was simply a tax preparer. All I did was…
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New Law Prohibits Employers from Asking for Wage History
http://www.ilga.gov/legislation/publicacts/101/PDF/101-0177.pdf New Law Prohibits Employers from Asking for Wage HistoryPursuant to Public Act 101-0177 the Illinois Equal Pay Act now bans employers and employment agencies from asking about applicants’ past wage and compensation histories. This law takes effect on September 29, 2019. Employers can be penalized for asking the applicant or the applicant’s current or…
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Issue 11, Key Man Business Protection
Key Man Business Protection Issue 11, by Milan Madhani, CPA & Vimal Madhani, MST, EA July 6th, 2016 Key Man Business Protection With the ever-changing landscape of taxes, it is growing increasingly difficult to understand how legislation affects clients and could possibly impact their financial future. As a leader in the financial services industry for over 30 years,…
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Issue 10, How to Handle the Death of a Loved One
How to Handle the Death of a Loved One Issue 10, by Milan Madhani, CPA & Vimal Madhani, MST, EA June 6th, 2016 How to Handle the Death of a Loved One With the ever-changing landscape of taxes, it is growing increasingly difficult to understand how legislation affects clients and could possibly impact their financial future. As…
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Issue 9, Managing the Financial Implications of Divorce
Managing the Financial Implications of Divorce Issue 9, by Milan Madhani, CPA & Vimal Madhani, MST, EA May 6th, 2016 Investment Strategies to Reduce Alternative Minimum Tax With the ever-changing landscape of taxes, it is growing increasingly difficult to understand how legislation affects clients and could possibly impact their financial future. As a leader in the financial…
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Issue 8, Expanding Your Family: Tax & Investment Issues to Consider
Expanding Your Family: Tax and Investment Issues to Consider Issue 8, by Milan Madhani, CPA & Vimal Madhani, MST, EA April 6th, 2016 Expanding Your Family: Tax & Investment Issues to Consider Congratulations! There is nothing more exciting than adding a new member to your family. Whether you are expecting a new bundle of joy or adding…
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Issue 7, Getting Married: Tax and Investment Issues to Consider
Getting Married: Tax and Investment Issues to Consider Issue 7, by Milan Madhani, CPA & Vimal Madhani, MST, EA March 6th, 2016 Getting Married: Tax and Investment Issues to Consider With the ever-changing landscape of taxes, it is growing increasingly difficult to understand how legislation affects clients and could possibly impact their financial future. As a leader…
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Issue 6, Investment Strategies to Reduce Alternative Minimum Tax
Investment Strategies to Reduce: Alternative Minimum Tax Issue 6, by Milan Madhani, CPA & Vimal Madhani, MST, EA February 6th, 2016 Investment Strategies to Reduce Alternative Minimum Tax With the ever-changing landscape of taxes, it is growing increasingly difficult to understand how legislation affects clients and could possibly impact their financial future. As a…
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