Ed LLoyd & Associates
The artist forever to be remembered as Prince shocked the world with his unexpected death last month at his Paisley Park compound outside Minneapolis. As is often the case when legendary musicians pass away, his album sales have soared. Fellow artists from Bruce Springsteen to the cast of the Broadway smash Hamilton quickly honored the seven-time Grammy award winner with their own versions of his iconic hits. But it’s just a matter of time before the gritty realities of settling an estate intrude on the purple rain of praise . . . and that includes the gritty reality of taxes.

Like many chart-toppers, Prince was a control freak when it came to his sound and his career. Apparently, though, that planning didn’t extend to his finances — last week, his sister filed papers with a Minnesota state court revealing he had left no will.

So who gets the assets, and just how much are we talking here? Well, Prince had no wife when he died, and his parents had already passed away. Under Minnesota law, that means his sister and five half-siblings stand to inherit his fortune. Most reports estimate there will be around $300 million to share . . . which should be enough to keep everyone rolling in little red corvettes for the rest of their lives.

Of course, that assumes that everything goes by the book. Already there are reports of would-be love children slithering out of the shadows, and Prince’s half-brother Alfred has hired an attorney to represent him after being barred from last week’s memorial. That may mean it’s the accountants and attorneys who get to party like it’s 1999.

Settling the estate without tearing it apart is just half the battle. That $300 million comes before taxes. The IRS takes 40% of everything above $5.45 million. The Gopher State takes another 16% of everything over $1.6 million. A little fourth-grade arithmetic suggests the tax man can go crazy with $150 million or more.

We can probably expect a fight over the exact amount due. Estate taxes are based on valuation, not income. So who’s to say what Prince’s name and image are “worth”? What about a vault of 2,000 unrecorded songs? What about the unpronounceable “love symbol” he adopted instead of a name to spite his record label? How much would Pepsi pay to make a commercial starring a holographic image?

That’s all before the tax man takes a bite out of the millions more in future royalties that his estate will certainly earn. Prince’s rival Michael Jackson earned $115 million last year, despite dying way back in 2009. Elvis Presley hasn’t recorded since Jimmy Carter was President, yet his estate earned $55 million last year thanks to ticket sales at his Graceland mansion. No one remembers the last time Elizabeth Taylor performed without embarrassing herself, yet her estate earned $20 million last year from her fragrance line. It’s enough to make you think that dying is just some sort of extreme viral marketing stunt.

The good news, at least for Prince’s heirs, is that he was rich enough to survive his failure to plan. But are you? Failing to plan for your legacy can be the most expensive mistake you ever make, and could throw your heirs into years of struggle and grief. So call us to help make sure that doesn’t happen!


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Ed Lloyd and Associates, PLLC is an assessment master firm giving its administrations in bookkeeping and improvement of business. Built up in 1994, the overseeing executive of the firm is Ed Lloyd, who by and by comprehends the requirements of his customers in various circumstances. He holds a level of B.S in Accounting. Other than this, he has a permit as a Certified Public Accountant (CPA) from the North Carolina State Board of Examiners, Personal Financial Specialist (PFS) from the American Institute of Certified Public Accountants and Certified Tax Coach (CTC). Find more information on Ed Lloyd And Associates On YouTube.

The firm aptitude in planning charge systems to offer you some assistance with minimizing your assessment. The exceptionally capable experts at Ed Lloyd CPA make proactive arrangements for decreasing duty. They additionally help with bookkeeping administrations and readiness of assessment Get more information on Ed Lloyd & Associates, PLLC Charlotte, NC reviews on YellowPages.com

Contracting Ed Lloyd and Associates the best choice for your firm, Not only this, they additionally offer a sharp leave procedure for your business and redesign your retirement elective amazingly. The strange evaluation frameworks embraced by them have helped associations in Charlotte, NC and all through the United States, by bolster them in dealing with their working cost mindfully.

They are a Charlotte firm that offer arrangements for business holder everywhere throughout the US to build up their industry and cut their benefits charges. To build up your business, you require an arrangement. To minimize your charges, you require an arrangement. You require ideas and methodologies that leave more on your gauge. Lloyd and Associates has the assets to transform your arrangements into reality.


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Ed Lloyd CPA,Certified Tax Coach Charlotte Love his energy and his ability and longing to get in the trench to whole things. Begun working through Ed Lloyd as an advisor for business & people exceptionally happy to have his locally accessible on my group. Extremely suggested to all business owners. It is a common approach to contact a CPA when people require help with tax research and are upset with the absence of the proper advices to take a correct step. It is in such condition, that organization like Ed Lloyd & Associates PLLC: One of the best Financial Advisors in Charlotte comes to the save of people. As they have sufficient practical knowledge in dealing with different types of business exercises in the finest possible way, they serve as an ideal tax saving associate of their customers. They follow an elite strategy where they initial concentrate on tax planning, and then move to office administrations and lawful documentation, and finally they manage their clients’ tax research.

You need more than someone who will come in towards the end and just record the historical backdrop of what happen over the earlier year. You need somebody who represents great authority in accounting services and tax cut procedures, who has your extended term engages as a main concern and can help you make a plan to appropriately track your way of thinking, lessen your pay charges, dodge luxurious reviews, set up your appraisal and offer you with a comprehensive guide to build your riches.


 

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Ed Lloyd & Associates, PLLC

Running a business has become really difficult nowadays. There is so much competition that every company has to reduce their margins in order to attract customers. And there are so many essential expenses like marketing and maintenance that it becomes hard for the owner to save any money from the business. The only way out of this is to manage the finances well. Of course while running the company it is hard to put any time into finances. Thus, you should hire a financial advisor. There must be numerous good firms in your region, but you should not settle for anyone less than the best. It will take a little time to find the best one, but once you have you will not have to worry about it ever again. Or you can directly hire a well reputed firm like Ed Lloyd & Associates.

Ed Lloyd, the managing director of Ed Lloyd & Associates, is a certified public accountant. He got his degree of B.S. in accounting and worked in the field for a couple years to gain experience. He then established his own firm in 1994. Today his firm has several talented experts, just like him. If you are wondering whether hiring Ed Lloyd & Associates the best decision for your firm or not.

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You should read the latest tweets from Ed Lloyd CPA. That will tell you how good he is at what he does. And to get a firsthand experience of his expertise, you should set a meet and discuss your finance.


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Even the small discrepancies in the  official accounts  of your business can become a cause of major loopholes and losses.  It is extremely crucial for you as a business owner to trust the job with a highly skilled, experienced and knowledgeable professional that can expertly manage your official data.  As accounting and tax planning are major aspects of your business, so it becomes imperative for you to choose the firm wisely and make sure the contractor agreements signed are clear and everything is in the accurate condition.

Ed Lloyd & Associates PLLC – A Trustworthy provider of Accounting and Business Planning services in the United States. It is a Charlotte based firm that has been known in the region for delivering exceptional accounting and tax planning services. The professionals of Ed Lloyd & Associates use  the right approach, and business functions that could spell tremendous growth for your business.

After trusting the job with the professionals of Ed Lloyd CPA, you can expect some increased sales, enhanced profits and improved revenues.  The professionals go an extra mile and ensure everything is in the top condition.  You no longer need to worry, when you know the professionals of Ed Lloyd & Associates are there to assist you with their impeccable services.  The best thing about them is that they are available at the moment whenever you need them.  Therefore, contact them now to know all the more about them.


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Delivering Accounting Services In the United States

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Ed Lloyd & Associates PLLC – A top rated firm that helps you with your Accounting is a Charlotte-based firm that has been delivering impeccable accounting and tax planning services from last many years.  Being backed up by a pool of some highly skilled, passionate and enthusiastic professionals, they are able to pass on meticulous accounting and tax planning services.  Most of the business owners utilize the internal resources of their company in order to manage their official accounts and end up paying heavy losses for it.  It is extremely crucial for you to trust the job to the experienced professionals that have years of knowledge and experience in the field and can pass on meticulous services.

Ed Lloyd CPA is a team of trusted professionals that have years of experience and knowledge in the field and are resolved to pass on meticulous services each and every time.  The reputation they enjoy is the result of hard work and sincere efforts that they put into each job.  Whether you are struggling to prepare your annual taxes or want expert advice on how to make your investments sound, they can fulfil all your needs. You do not need to worry about the tax and accounting department of your company, when you know a group of highly skilled professionals is there to fulfil all your needs.

Ed Lloyd & Associates understand that every business is unique and so are the needs. Therefore, they go an extra mile and deliver work meeting the highest standards of quality. Ed Lloyd CPA is the BEST accounting and tax planning service provider in the region. Contact them to know more!


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Most of the business owners prefer using Outsourced Accounting Services as they cost you less, as you are employing an expert with years of experience and knowledge to help you do something that would take you much longer to do yourself.

If you prefer to maintain your own accounts, you run the risk of making mistakes, which could cost you more time and money in trying to find where the problem lies.  By trusting a professional service mistakes will be far less likely to occur. In the worst case scenario, if the higher authorities spot large discrepancies, it could lead to you being investigated which can prove out to be a daunting experience.

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Ed Lloyd & Associates PLLC is a renowned and reputed firm that has been delivering impeccable accounting and tax planning services in the Charlotte area and around.  Having years of experience and skills, they are able to pass on meticulous accounting services, meeting the highest standards of quality and perfection. The professionals of Ed Lloyd CPA believe in completely involving the client in the process so that can work closely according to their business needs and requirements.

The team at Ed Lloyd & Associates is highly skilled, enthusiastic and knowledgeable. They go an extra mile and ensure they have completed everything perfectly.

So, contact the professionals of Ed Lloyd & Associates to enhance the productivity and performance of your business.  They offer much more than it could be explained. Contact them to know more!


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Benefits of Hiring Ed Lloyd & Associates, PLLC

Taxes can get really intricate and when it comes to money and you don’t want to risk it. This is where legal advice comes handy. Ed Lloyd & Associates PLLC help you understand why financial advice from an expert is vital and can help you save big bucks.  It is a firm based in Charlotte, the United States that has been delivering meticulous accounting and tax planning services. Get specialized Accounting and Tax Planning Services with Ed Lloyd & Associates whether you are located in Charlotte, NC or anywhere else in the United States.

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At Ed Lloyd CPA you don’t have to worry about the significance of your time and money. To improve the excellence of your financial reporting, the in-house accounting services organize your financial statement to recognize your business’s performance.

As a business owner, you may think about outsourcing your financial services to an experienced and reputed firm like Ed Lloyd CPA to help you in managing your accounting and taxes as well. It will allow you to work assertively in your organization. Outsourcing of the accounting services allows you to focus on other areas of your business. You will easily allot all the accounting work to the professional who are working round the clock in managing the accounts and the taxes. This allows you to think in a better way which was not possible earlier.

When you are able to get so many benefits by trusting your accounting services with Ed Lloyd & Associates PLLC, then what are you waiting for? Contact them today to discuss the financial status of your company and improve the functionality of your business with the help of Ed Lloyd CPA.


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As a business owner, if you do not know the status your company on a monthly basis, then you may not be around at the end of the year. Every dollar counts for a business owner and it is extremely crucial for you to monitor overall business costs so that you can get a clear picture of your company.  Hiring a professional accountant and tax planner can solve your purpose, but you should not give your patronage to any firm whom you come across. Conduct proper research work and assess the capabilities and skills of the accountant before you finally trust the job with him.

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Ed Lloyd and Associates PLLC are one such trusted name to reckon with when you are in quest of a professional accounting and tax planning services in the United States.   They are knowledgeable enough to understand your business environment and come up with a great business and financial plan that can take your business to the next level.  The team Ed Lloyd and Associates enjoy a long standing reputation in the region. Positive reviews are a proof that they have been doing exceptionally well. The professional and dedicated accounting services offered by Ed Lloyd and Associates go a long way in analyzing the financial status of your business and avoiding losses in the long run.

Working with professional accountants can help you in a number of ways.  It will open doors to new avenues and opportunities and take your business to the next level.


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Tax Saving Tips by Ed Lloyd CPA

Ed Lloyd & Associates PLLC who are a certified public accountant in Charlotte advise its customers and all the taxpayers that they can save a lot of money by saving on the amount that they pay a tax by being well informed about the tax deductions and tax credits that they are eligible for. The most popular ways to gain better tax deductions is the amount one pays for mortgage, interests for student loans and taxes on real estate.

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Other than these there are a number of ways in which people can save on taxes this year. Here are a few ways that have been defined by Ed Lloyd as being extremely helpful in reducing the taxes:

1.  Earned Income Tax Credit

A person who might be earning less than $50,000 a year should check if he is eligible for this tax credit. This is a credit which is enjoyed by people who have a low or moderate income. According to the tax experts at Ed Lloyd & Associates, many people do not realize their eligibility for this credit.

2.  Gaining through Children

The income tax department extends many benefits to people who have children. These include deduction on the costs incurred for child care and child tax credit. It should also be noted that in case the parents are divorced, any amount that is paid as alimony for child maintenance is also eligible for tax deduction.

3.  Save for Old Age -

Edward Lloyd points out that most people prefer to take home a big salary rather than invest it for retirement when this could actually prove beneficial in the future. It would not only ensure a safe a secure future for a person but would also help in reducing the amount payable as taxes. The premium that is paid for the retirement policies is eligible for tax deduction.

Ed Lloyd & Associates strongly recommend that every person should understand what tax deductions and credits he is eligible for and try to save money on taxes.

Are you self-employed and looking for what tax benefits you are eligible for? Read – Ed Lloyd & Associates Point Out the Tax Benefits Enjoyed by Self Employed


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