Gary Scheer, LLC

06/14/2023

ERC is subject to high audit scrutiny by the IRS, so make sure you
know the risks before hiring a "pop-up" company to calculate this
lucrative credit.
Check out this CNBC report to learn more.

The Employee Retention Credit has soared in popularity among pandemic-related tax incentives for business owners, but the IRS has become skeptical of claims.

12/27/2022

I'm proud to have been recently featured in Executive Magazine.

Gary Scheer is the founder and CEO of Gary Scheer, LLC. He is a Registered Financial Consultant (RFC) and a Certified Senior Advisor (CSA) in Morristown, New Jersey.

12/29/2021

My article, 6 Year End Tax Tips for 2021 was published in Medium.

With tax legislation in Congress taking longer than most people expected, many upper middle class and wealth individuals and families have…

11/29/2021

I'm proud to have been recently featured in Influential People Magazine. https://influentialpeoplemagazine.com/gary-scheer-ceo-and-founder-of-gary-scheer-llc-a-tax-and-retirement-planning-firm/ , , , , , , , , ,

Gary Scheer, CEO and Founder of Gary Scheer, LLC, a Tax and Retirement Planning Firm Posted by Jessica D. | Nov 14, 2021 | Finance, New Emerged Influential People | 0 | Gary Scheer is a professional financial advisor in Morristown, New Jersey. He is known for his profound knowledge, business acumen,...

10/29/2021

Good news for our high income and high net worth clients! Lawmakers have continued to strip elements from the Build Back Better Act—and a series of sweeping retirement-related provisions have now all been axed.
While most of the news coverage on what was originally cast as a $3.5 trillion reconciliation bill has concentrated on a host of progressive initiatives, a number of key retirement related provisions were also under consideration—until last night. Those included a requirement that most employers (with more than 6 workers, operating for a couple of years) begin automatically enrolling their employees in IRAs or 401(k)-type plans, as well as:
the establishment of a new type of Section 401(k) deferral-only arrangement;
an increase in credit limitation for small employer pension plan startup costs, including for automatic contribution arrangements;
a credit for certain small employer automatic retirement arrangements;
modification of the Saver’s Credit by turning it into a government-based matching contribution and making it refundable; and
clarifying the deadline to contribute to an IRA with a tax refund.
Also dropped from the bill were a series of provisions designed to close the so-called “back door” Roth IRA, impose contribution limits on higher-income individuals with large account balances, and prohibit IRA investments conditioned on the account holder’s status.

10/05/2021

A great tax reduction strategy may be on its last legs. Hopefully gridlock among Congressional Democrats will keep this from a final bill that reaches the President's desk.

The 'mega-backdoor Roth IRA' is on the chopping block, too, but neither is a done deal.

06/21/2021

I am proud to have been featured in IdeaMensch, an interview platform for entrepreneurs, makers & doers. The full interview can be found on https://ideamensch.com/gary-scheer/.

Gary Scheer, RFC, CSA is a nationally recognized Financial Educator, Author, and Speaker. He is the CEO of Gary Scheer, LLC.

05/20/2021

Divorces spiked during the pandemic and may rise again now that courts are opening up. Those contemplating divorce may be negatively affected by the new proposals. Here's what you need to know.

https://www.cnbc.com/2021/05/20/bidens-plans-may-drop-a-tax-bomb-on-divorcing-couples.html

President Joe Biden has proposed a tax hike on the wealthy to cover the American Families Plan. Experts say it may drop a tax bomb on divorcing couples.

05/13/2021

Companies and stocks are feeling the inflation pinch. Listen to my latest podcast on Inflation, the "Silent Killer".

Gary Scheer, RFC®, CSA is a nationally recognized Financial Educator, Author, Speaker and Retirement Planner whom you may have seen on NBC, CBS, ABC, Pix 11News, News 12 NJ, Annuity123, EzineArticles.

05/11/2021

Historically, when the party in power proposes tax increases that will affect only the wealthy among us, those tax hikes inevitably trickle down to the middle class. Real Estate investors could be hit especially hard by the Biden's proposed tax plan.

President Joe Biden wants higher taxes on real estate transactions with gains over $500,000. But the proposal may affect more people than wealthy investors.

04/29/2021

So proud to be featured on INSPIRERY - Interviews with Entrepreneurs and Executives. The full interview can be found on

Gary Scheer, RFC, CSA is a nationally recognized Financial Educator, Author, and Speaker. He is the CEO of Gary Scheer, LLC as well as a managing director of RedwoodTaxSpecialists1040.com. Gary has appeared on NBC, CBS, ABC, Pix 11 News, News …

10/29/2020

Learn the benefits of working with Financial Advisors during the COVID-19 crisis on Gary-Scheer.com.