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How to Leverage Donor-Advised Funds (DAFs) for Tax Efficiency

When it comes to philanthropy, the adage “not only giving but giving wisely” is a great approach to consider. This is especially true for successful entrepreneurs looking to make a meaningful impact with their wealth. Donor-Advised Funds (DAFs) have emerged… Read Now >>

How to Leverage Donor-Advised Funds (DAFs) for Tax Efficiency

May 22, 2024

When it comes to philanthropy, the adage “not only giving but giving wisely” is a great approach to consider. This is especially true for successful entrepreneurs looking to make a meaningful impact with their wealth. Donor-Advised Funds (DAFs) have emerged… Read Now >>


The Financial Advantages of an Exchange Fund

May 15, 2024
House and folder, representing exchange fund investment portfolio

Exchange funds (also known as “swap funds”) offer a distinctive approach to investment akin to mutual funds. However, participants offer stocks instead of contributing cash. These funds amalgamate the sizable stock holdings from various investors to substitute a single, concentrated… Read Now >>


What is the IRS Dirty Dozen List?

May 8, 2024
Locked money concept, representing IRS Dirty Dozen list of tax schemes

Have you heard about the enormous tax savings you can reap by investing in a Maltese individual retirement arrangement or utilizing Puerto Rican captive insurance for your business? Before you invest your hard-earned money in these or other highly promoted… Read Now >>


How to Utilize Overfunded Section 529 Plans

May 1, 2024
College graduation cap and diploma, representing Section 529 savings plan.

You can accumulate federal income-tax-free earnings with a Section 529 college savings plan account. Then, you can take federal-income-tax-free withdrawals to cover qualified education expenses—usually for college. Setting up a Section 529 savings account is a great idea for putting… Read Now >>


IRS Audits: What You Need to Know

April 24, 2024
Businessman smashed by boulder, representing IRS audits

The tax deadline is now behind us. Yet, some individuals and business owners are always worried about if they did everything correctly to avoid getting audited by the IRS. Filing taxes can be complex and some tax codes can be… Read Now >>


Why a Co-Owned Business Needs a Buy-Sell Agreement

April 17, 2024
Handshake, representing buy-sell agreement between business co-owners

As a co-owner of a business, you must consider the structural and legal frameworks that are crucial to ensuring the stability and continuity of your investment. This is a smart approach whether it’s an existing venture, a new enterprise you’re… Read Now >>


The Estimated Tax Penalty is at a 16-Year High

April 10, 2024
Tax and money concept, representing estimated tax penalty increase.

The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is earned. This can… Read Now >>


Family Business Contingency and Succession Planning

April 2, 2024
Group of business people consulting, representing succession planning for a family business.

In family businesses, the intertwining of personal and professional lives adds a unique layer of complexity to business contingency and succession planning. It’s not just about ensuring business continuity or leadership transition; it’s about preserving a legacy that embodies family… Read Now >>


Succession Planning for Entrepreneurs: The Key Steps to Take

March 27, 2024
Business owner planning, representing succession planning

For entrepreneurs and real estate investors, estate planning and business succession planning are not just parallel tracks; they are intricately intertwined. A holistic approach to integrating these plans ensures that both personal and business assets are managed strategically, safeguarding your… Read Now >>


Succession Planning for Entrepreneurs: Ensuring a Seamless Transition

March 20, 2024
Businessman holding keys to signify business relocation

For entrepreneurs, the journey of building a successful business is often a reflection of their vision, hard work, and dedication. However, an equally important aspect of this journey is ensuring a seamless transition of this legacy. This process is known… Read Now >>