Category Archives: Andrew Cates

Get Ready For The 2012 Tax Shakeup – A Closing Window

The top individual tax rates are set to increase soon and many of the most popular tax breaks are in a state of constant flux.  The time to get up to speed and act is NOW!

Andy Cates, Partner at Moss Adams LLP, did a great job of addressing changes in tax laws and actions you can take in 2012 to help you and your business at the May CEOtoCEO Breakfast.

Some tangible actions you can take before the end of 2012 include:

Planning Opportunities In 2012

  • Review your entity structure.
  • Update your wills.
  • Review life insurance structure and cost.
  • Link to your personal financial plan.
  • Consider low AFRs.
  • Know your exit strategy.

Be prepared for IRS examination.

  • A coordinated examination is most efficient and will shorten the amount of time the examination will take.
  • Minimize distractions and stay focused on your business
  • Reduce overall costs by minimizing wasted time and professional fees or internal resources

In 2012 take advantage of expiring tax provisions.

  • Review capital investment plan
  • Life insurance review
  • Business transition & retirement plan
  • Review diversified portfolio for tax-efficient mix that changes as laws do

For more information and assistance contact Andy Cates at  206-302-6372 or

Andy Cates from Moss Adams talks Taxes

Yesterday at the CEOtoCEO Breakfast event, we had the privilege of having Andy Cates from Moss Adams speaking to a group of CEOs, Business Owners, and other professionals about both some key Tax Issues that were critical to be aware of in 2012 and some planning.

Andy covered a lot of areas for us – you can listen to him briefly describe the agenda of the meeting in the video.  We will be sharing more videos of him talking about certain areas that will be important to virtually any business owner and individual.  It was very timely to have Andy as part of our speakers group since a number of the opportunities (if there is such a thing when someone talks about taxes) he discussed would be “closing” the end of 2012 and we wanted to share this with our leadership audience.  There was incredibly strong interest in learning more about these opportunities from the leaders in the room and from the feedback, most will be changing what they are doing to take advantage of some of these.

He also got to spend some time on the “planning” side of taxes for a business.  The great part about Andy is that he is not just a “tax dweeb” but he is a “tax business guy” that understands how these issues pertain directly to a business and the best way to take advantage of these opportunities through proper planning.  As he reminded all of us in the room, these were known in 2010 and this is when planning should have begun (I know, he told us so).  But like most of us, it didn’t happen and now we are down to the final months and hours to incorporate some of this into our planning for the rest of the years.

Thanks Andy, very insightful, helpful, and in a language we could all understand.  We will share more on this in some later posts on specifically the areas to be aware of and his planning ideas.  Stay tuned…and don’t forget to join our CEO Discussion Group on LinkedIn where some of these questions will be posted as well.  If you aren’t a member, it’s free and it’s a completely private place to have a discussion with ONLY your peers, other CEOs and Business Owners.