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Shore Tax & Financial Planning

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Shore Tax & Financial Planning

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No annoying advisory and financial lingo. Just straight, authoritative and friendly advice. What makes us different?

Visit us: www.shorefp.com
Or give us a call: (732) 704-8982

Schedule Your FREE Tax Strategy Meeting, First Website Link In Bio! Financial Planning from a CFP® professional+ Tax Planning from a CPA

Shore Financial Planning offers the unique combination of comprehensive financial planning and advanced tax strategies under the same roof. This allows us to provide coordinated advice on taxes, investment management, retirement planning, insurance, estate planning, cash flow planning, college funding, and business planning. It allows our clients to have all aspects of their financial lives managed in one place, by one trusted fiduciary. CPA Tax Focus
Taxes are one of your biggest expenses. We plan and prepare taxes for clients and provide comprehensive tax advice year-round. CFP® Certification
You wouldn’t hire a doctor without a medical degree, and you shouldn’t hire a financial planner who isn’t properly educated. Fiduciary
As Registered Investment Advisors, we have a fiduciary duty to act in the best interests of our clients. No Commissions
We are fee-only financial planners, meaning that we do not sell products or accept commissions. Message us on Facebook, or give us a call ((732) 704-8982) and let us use our knowledge and experience to help you. Hours of Availability
Monday - Friday: 9:00am - 5:00pm

** I will meet outside of these hours upon request to accomodate busy professionals **

11/03/2026

Travel for work? Don’t guess what you can deduct.

This guide breaks down the rules you actually need: what makes a trip "away from home," why lodging folios matter, how the 50% meal limit works, and which records the IRS expects.

If you run your own business, these rules affect what you deduct on your return. Most W-2 employees can’t deduct unreimbursed travel, so reimbursement arrangements matter.

Want our pre-trip checklist to capture deductible expenses correctly? Read the full guide at shorefp.com or tell us your top travel-recording pain point below.

11/02/2026

Convert your LLC to an S corp the right way: timing, payroll, and what actually changes.

This carousel pulls the exact steps from our guide: when to file Form 2553, why you can usually keep the LLC structure and EIN, and how a defensible salary creates the payroll-vs-distributions savings.

Have a specific situation? Tell us whether your business is seasonal or consistently profitable and we’ll point you to the most relevant next step. Want help running the numbers for your LLC?

11/01/2026

ETFs often produce fewer taxable capital gains than mutual funds.

In a taxable brokerage account, ETFs commonly hand you fewer year-end capital gains because many use in-kind redemptions. That tax edge disappears inside a 401(k) or IRA, and a low-turnover mutual fund can behave similarly to an ETF.

Read the full guide on shorefp.com to compare funds for each account. Which of your accounts should we look at first?

10/31/2026

Two tests, one year: do you qualify for Real Estate Professional status?

Real Estate Professional status can convert rental losses from passive to nonpassive so they may offset your wages or business profit. But qualifying requires both the more‑than‑half test and the 750‑hour test, plus material participation and defensible documentation.

This carousel pulls the rules you need to apply today: what hours count, why spreading time across many properties can fail, and the documentation the IRS expects. Read the full guide at shorefp.com for examples and next steps.

Want us to review your hours or aggregation strategy? Comment below or visit shorefp.com to read the full guide.

10/30/2026

Switching accounting methods? Expect a one-time tax catch-up.

A Section 481(a) adjustment is the cumulative difference between your old and new accounting methods, measured as of the first day of the year you change. It can raise or lower taxable income depending on the balances on that opening day.

Example from the IRS: $120,000 in receivables minus $100,000 in payables produces a $20,000 positive adjustment, which a voluntary change typically spreads over four years.

Are you considering a method change this year? Reply below or book a planning call so we can model the 481(a) impact before your year begins.

10/29/2026

Think the 2025 SALT cap made PTET obsolete? It didn’t.

A PTET election still works differently than an individual SALT deduction: the entity pays state income tax, the payment reduces K-1 income, and owners get a state credit while the federal SALT cap doesn’t apply to the entity deduction.

Because the 2025 cap is $40,000 but phases down for high earners, many high-income owners and those who pay heavy state business taxes still benefit — but elections are annual, state-specific, and sometimes have early payment deadlines.

Want us to model whether a PTET election pays off for your entity? Comment your state or book a consultation and we’ll run the numbers.

10/27/2026

If you own more than 2% of an S corp, how you route health premiums decides whether you keep the deduction.

This article reframes a common belief: it’s not enough that you paid the premium. The tax code requires a corporate payment or reimbursement, a same-year W-2 inclusion in Box 1, and the right payroll setup for >2% shareholders.

We walk through the practical consequences: Box 1 vs Boxes 3/5, family attribution, and the timing trap that surprises owners who switch to an S corp. Read the worked example and checklist if you want to confirm your payroll before year end.

Want our one-page checklist or a payroll review to confirm your W-2 reporting?

10/26/2026

100% bonus depreciation is permanent for property acquired after January 19, 2025.

That means many equipment, vehicle, and qualifying building-component purchases can be fully expensed in year one. Section 179 remains a separate tool with a $2,560,000 cap for 2026 and an income limitation that can change your best move.

Deciding Section 179 vs. bonus depreciation before year-end matters: the order on Form 4562 and whether an asset is placed in service will change which tax year the deduction hits. Read the full breakdown on our site or schedule a year-end review with our advisors, which purchases belong on 2026 returns?

10/25/2026

Moving for lower taxes? Read this first.

Texas has no individual income tax, but the state shifts the burden to property, sales, and business levies. California still taxes wages and capital gains up to 12.30% in 2026, and residency rules are fact-based, not date-based.

Common surprises: Texas shows an effective property-tax rate near 1.40% and average combined sales tax around 8.20%. A company sale can trigger California ordinary-income rates, and "no tax due" in Texas often still requires filings.

Want a custom side-by-side for your situation? Comment which state you're in or visit our site to request a tailored estimate.

10/24/2026

NUA can convert employer stock growth into long‑term capital gains.

If you hold concentrated company stock in a 401(k), NUA may let you pay ordinary income tax only on the cost basis now, and long‑term capital gains on the growth when you sell. The rules are mechanical and easy to fail if you mis-time the distribution.

Important: the distribution must be a lump‑sum from all of the employer's plans of the same kind in one tax year, and rolling the shares into an IRA eliminates NUA permanently. Run the numbers with your CPA before you instruct the plan.

Do you have concentrated employer stock and want us to model whether NUA could help you?

Address

29 Beach Road #206
Monmouth Beach, NJ
07750

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

https://www.shorefp.com/

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