ExecPlan Express Financial Planning Software Prepares Newest Release to Incorporate the Extension of the Bush Era Tax Cuts to Aid Consumers and Advisors with End-of-Year Tax and Investment Planning

    PRINCETON, NJ, December 22, 2010 /24-7PressRelease/ -- Most professional financial planners will tell you that personal financial planning is an ongoing process that requires a comprehensive strategy with continuous reviews and adjustments. The end of every year provides the opportune time to review past strategies as well as assess future new ones. The recent extension of the "Bush era" tax cuts only opens up more reasons to take the time and review your current financial position.

The compromise the White House and Congressional leaders hammered out last week include additional elements that will impact everyone, and for some the changes can be significant. Across the board, everyone having earned income will see their employee social security contribution (FICA tax) decrease by 2% for 2011. Those with self-employed income will see their self-employee tax drop by the same amount. For some individuals who can push earned income back until 2011 such as deferring stock options or structuring commissions until January, may be able to give themselves a 2% raise on that income. Fully understanding what you can do or how much you could save usually means a commitment of both time and money either by hiring a professional financial advisor or dedicating the resources to acquiring and learning a professional retirement planning software package. ExecPlan Express with its needs based analysis design and its focus on the basic fundamentals of financial planning has created an easy to learn and cost effective platform for both the consumer and the professional advisor seeking a financial planning tool to help guide them through a broad range of personal financial planning goals.

"We have seen a significant increase in consumers interested in purchasing our personal financial planning software to manage their own finances this past year," explains Robert Fourman, director of sales for Sawhney Systems the makers of ExecPlan and ExecPlan Express financial planning software. "And we expect these new changes to the tax law will only increase both professional and consumer demand for our financial planning software through the upcoming year."

For individuals with a modest to substantial net worth, there has also been one additional note worthy change in the tax law, a new estate tax schedule. Currently there is no estate tax for 2010 with a return to the 2001 rates for 2011. This would have meant that estates in excess of $1,000,000 would have faced taxation on their remaining assets. This would mean a tax as high as 55%. The new agreement calls for the exclusion to rise to $5,000,000 with the tax dropping to 35%. This new change will now allow for many more individuals to avoid the estate tax entirely while wealthy individuals will face a substantial reduction. ExecPlan Express will provide an update to all of these changes for its 2011 version that is scheduled to be released before Christmas so as to provide consumers and professional financial advisers a window of time to evaluate how the new tax law changes will impact them and what strategies could be implemented before the current tax year ends. Professional financial advisors or consumers looking for a comprehensive financial planning software to help assess the impact form the new tax law changes can obtain a free 30 day unrestricted trial version of ExecPlan Express at www.execplanexpress.com including any and all new updates from the tax law changes. Visitors will also find access to free online financial calculators , be able to obtain detailed sample reports, or spend time reviewing online tutorials.

Sawhney Systems is a provided of comprehensive financial planning software for the professional financial advisor. For information on our products ExecPlan and ExecPlan Express please contact us at (800)850-8444 or http://execplanexpress.com.

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