Francetic Tax Resolution - September 2019

FINDING FULFILLMENT IN YOUR GOLDEN YEARS

WHY MORE ADULTS OVER 55 CONTINUE TO WORK

According to the Bureau of Labor Statistics, upward of 40% of people aged 55 and older are continuing to work past the normal retirement age. There are a number of reasons why people are choosing to stay employed, with one of the biggest being a lack of retirement funds, but some are also using work to keep their minds and skills sharp. In fact, most of the jobs that the 55-plus crowd goes after keep them engaged with the community and help them lead more active lives.

These seven jobs are projected to grow between 8–14% over the next six years according to BLS data. They often pay well and don’t always require a full-time commitment. Many even offer flexible schedules, which can help older workers spend more time with peers or loved ones. This balance is exactly what many older workers are looking for, especially those who are “part-time retired.” More importantly, however, most older workers find these jobs fulfilling. They allow older folks to interact with the community and stay active, both of which, research suggests, are essential to healthy living as people age. For many, working past retirement, or not leaving the workforce entirely, can be a win-win- win: It’s a win for your bank account, a win for your health, and a win for the community. Crystal bad advice over several years about how to deal with the tax assessed by the audit. I advised Crystal to call the Taxpayer Advocate to see if they could help with the poor representation she was receiving from the law firm. Thankfully, the Taxpayer Advocate was able to get the IRS to reopen the audit. I worked with the new IRS auditor to get all the legitimate expenses accepted that were rejected by the original auditor. I managed to get the entire $108,000 assessment wiped out and the IRS actually ended up owing On-Site a $4,000 refund!! I currently prepare monthly financial statements for On-site, and I also file its fiscal year corporate tax returns. I always have a great experience when I work with the staff during our monthly meetings in their office. Reviewers rave about the company, too. On Facebook, Sunrise Flooring wrote, “I have used their services and couldn’t be happier!” and Andy Castona chimed in with, “Great service; great staff!” An FTR Success Story

The BLS categorized the jobs many older workers are currently pursuing:

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Real estate appraisers/assessors

Property/real estate/community association managers

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Technical writers

Tax preparers

Construction/building inspectors

Crossing guards

Clergy

CLIENT SPOTLIGHT: ON-SITE STAFFING SERVICES

On-site Staffing Services is a family-owned and operated employment placement agency taking a hands-on approach to creating a skilled workforce in the greater Milwaukee area. As a fully accredited women and minority-owned business, On-site values the need for diversity in the workplace and takes pride in fostering client relationships. Whether you are looking for temporary, seasonal employees or need to fill permanent positions, their knowledgeable team is able to supply staffing resources on short notice and with no hidden costs or extra fees. I acquired On-site’s accounting and tax preparation business back in 2014 when I took over servicing the clients of a local retiring CPA. In the spring of 2018, I helped the company’s owner, Crystal Kent, get out of a big IRS mess. On-site’s 2009, 2010, and 2011 corporate tax returns were audited by the IRS in 2012. Unfortunately, a high-priced law firm in Milwaukee had botched the audit, leaving On-site with a $108,000 bill to pay. The law firm was giving

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