this is very important and it needs to be correct.

Taxes and Retirement Savings” Please respond to the following:

explain what is meant by the statement “taxes are the mortgage on your retirement savings.” Then, discuss how you would, as the financial advisor, advise your client to plan for IRA taxes and why you chose that particular approach.

Taxable Income versus Accounting Income” Please respond to the following:

GAAP rules are intended to promote uniform statements that accurately convey the financial history, health, and prospects of a business, while the tax code is intended to generate revenues for the government but also achieve certain public policy goals. Take a position whether companies should be required to use the same accounting methods for tax purposes as used for GAAP. Explain your position.

Discuss the impact using the same accounting methods have on tax payments. Provide an example, situation, or scenario to support your response.

Examine how the purchases and sales of inventory with the same counterparty are similar to the accounting for other nonmonetary exchanges. Compare the reporting of nonmonetary exchanges of property plant and equipment under GAAP with IFRS. Identify any problems that may result upon convergence with the treatment.

“Rental Income”
Please respond to the following:

From the video, explain to a client how he / she would determine the rental income need for a desired return on his /her investment. in which you researched furnished rental properties, evaluate how the New York rent scenario presented compares to the average rent-to-value ratio of an average furnished apartment in your area. State your area and cite your source for rent averages in your area.