Ron Noll is a Certified Public Accountant with a Master’s in Taxation from the Philadelphia College of Textiles and Science (Summa Cum Laude). Mr. Noll has been the principal owner and shareholder of Noll and Company, Inc. since 1974. He continues to be a member, board member or officer of good standing of professional organizations such as the American Institute of Certified Public Accountants, the Pennsylvania Society of Public Accountants, and the National Association of Small Business Accountants. Mr. Noll has been a Registered Representative of the National Association of Securities Dealers and a licensed Life Insurance Agent since 1968.
Mr. Noll has a widespread background in accounting and taxation, plus extensive knowledge of and experience in all facets of real estate and estate planning. He is a Certified Estate Advisor Planner and is a current Board member of the National Association of Financial and Estate Planners. Mr. Noll is a nationally recognized expert in wealth accumulation, preservation, wealth transfer and tax reduction strategies for the affluent. He has given numerous seminars to Realtors, Real Estate Investors, CPAs, Attorneys, Certified Financial Planners, Brokerage Firms, Investment Advisors, etc. with topics covering Estate Taxation and Planning, Benefits of Using Trusts to Delay Capital Gains Taxes and Elimination of Estate and Gift Taxes.
Mr. Noll’s expertise has been quoted and recognized nationally in publications including The Washington Post, Fortune Magazine, The Wall Street Journal, The New York Daily News and The Philadelphia Inquirer, as well as approximately 4,000 lesser known periodicals. He has published several articles and is the co-author of Franchising 101 – “Handling Taxes, Banks, Insurance and Record Keeping.” This book is used in nearly 800 colleges.
He has testified before the House and IRS committees on IRS matters and Payroll Tax reform. Ron appeared as spokesperson for over 20,000 accountants on This Week with David Brinkley, debated IRS Commissioner Roscoe Eggar and was interviewed by Sam Donaldson and George Will. Mr. Noll has also appeared as a guest on Good Morning America, the MacNeil Lehrer News Hour and Tom Brokaw Evening News, among others.
He has held all elected offices of the Paoli-Malvern Jaycees and received the U.S. Jaycees Outstanding Young Men of America Award in 1977. Mr. Noll is an active participant in the Mainliner’s Barbershop Chorus and received the Man of the Year Award for Outstanding Service to a Non-Profit Organization in 2002.
Quickbooks
QuickBooks nationwide training at your site on your computer! Using Remote Accounting Software (RAS- www.remoteaccounting.com),
we can shadow your mouse or vice versa, answer your questions or correct your input errors.
If you need QuickBooks support and/or training, please refer to the following discounted programs for new clients.
Real-Estate Expertise
As an investor for 30+ years, Noll understands commercial and residential ownership, management and taxation from "cradle to grave."
We specialize in componentization using the "residual land valuation method" and the 11 components of every property. We get the investor the largest allowable deductions!
Retirement
Self-Directed IRAs, 401Ks, and SEP's, as well as the various Defined Contribution, Defined Benefit and special "age weighted" plans allow us to help you retire in luxury.
Wealth Planning
Accumulation, preservation, and transfer techniques include:
- CRT – Charitable Remainder Trust - This Trust is used to get to an immediate tax deduction while providing for charities. Your family continues to get the full value of the estate because of the Irrevocable Life Insurance Trust attached.
- Family Limited Partnership Trust - This is a way to have your cake and eat it too. The parents maintain control during their lifetime, substantial estate tax benefits are achieved and probate is avoided.
- IDGT – Intentionally Defective Grantor Trust - This is a way to remove your assets from your estate for estate tax purposes while keeping control of them during your lifetime. It also avoids probate.
- FIT – Family Incentive Trust - This is a trust that is used to encourage the next generation to achieve financial success. The trust only pays out income based on a formula to motivate the beneficiary.
- SCIN – Self-Canceling Installment Note - This is a way to remove assets from the estate. It works best with family.
- CRAT – Charitable Remainder Annuity Trust – This trust gets you a charitable deduction while at the same time avoiding probate.
- 1031 – Tax Deferred Exchange - IRS allows this exchange strategy for equipment such as automobiles, and other fixed asset as well as real estate. The asset remains in your taxable estate but no capital gains tax is incurred if you qualify.
- DST – Deferred Sale Trust - This is a version of the Private Annuity Trust technique. It can defer the capital gains taxes over your lifetime.
- Wealth Replacement Trust - This is a technique to replace assets given to charity through the Charitable Remainder Trust above.
- QPRT – Qualified Personal Residence Trust - This Trust allows the residence to be removed from the taxable estate of the taxpayer. It avoids probate. The benefits can be guaranteed with a properly structured life insurance policy.
- GRAT – Grantor Retained Annuity Trust - This is a method of getting an annuity for your Trust and keeping the estate taxes out for a period of time. It is used particularly on larger estates with rollover provisions.
- GRUT – Grantor Retained Unit Trust - This is a similar item as mentioned above: the assets are paid out based on units instead of income.
- ILIT – Irrevocable Life Insurance Trust - This life insurance Trust is a way to remove the benefit of the insurance from your estate while allowing your beneficiaries to receive the monies federal estate tax-free, state inheritance tax-free and probate free. It is also a form of asset protection.
- Probate Elimination - Probate ranges typically in the 5% area as per the American Association of Retired Persons research. By eliminating probate, you maintain confidentiality as well as keeping the lawyers out of your estate.
- Asset Protection Entities - There are numerous ways to protect your assets in today's litigious world. This is used for entrepreneurs, real estate owners or other persons that have risk. Stocks are usually of no concern because they are not typically subject to suit like “trip and fall assets”.
- Equity Stripping - In most states equity stripping is a way of doing asset protection without paying transfer taxes for the normal asset protection entities.
- Life Settlements - Many people who are either ill or in advanced age can use life settlements to sell their life insurance prior to their death.
- Self-Directed IRA (Real Estate Ownerships, Real Estate Mortgages, Real Estate Joint Ventures) - This is a major benefit that has recently become popular, giving many possibilities for real estate and entrepreneur investors. The IRA achieves great tax deferred and/or tax free benefit, while the investor controls the money and provides down money for the assets he is purchasing within the IRA.
- Variable Annuities - There are substantial tax benefits with these ideas and products. There is also asset protection. These should be looked at as a portion of the total portfolio investment protection.
Please feel
free to contact me or any of our staff if we can help you.
Very
truly yours,
Ronald L. Noll MS, CPA
President |
