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Maximize Your Retirement Savings: 5 Steps to Take Before 2024 Ends
Time flies, and your retirement is now one year closer. As the December 31 deadline approaches, there’s still a window of opportunity to take steps that will help you strengthen your company’s retirement funding strategy before 2024 comes to an… Read Now >>
Ensure Your Legacy with These Tax-Efficient Wealth Transfer Strategies
June 18, 2024
For entrepreneurs who have spent a lifetime building their businesses, planning for the smooth transfer of this wealth to the next generation is a critical aspect of legacy building. However, without careful planning, tax implications can significantly impact the value… Read Now >>
How Recent Tax Law Amendments Impact Entrepreneurs
June 11, 2024
The landscape of entrepreneurship is constantly evolving, and so are the tax laws that govern it. Recent tax law amendments present both challenges and opportunities for successful entrepreneurs. Staying ahead of these changes is not just about compliance. It’s about… Read Now >>
Alternative Investment Tax Strategies for Successful Entrepreneurs
June 4, 2024
In the dynamic world of successful entrepreneurship, diversification goes beyond just a buzzword—it’s a strategic necessity. Alternative investments can span from venture capital and private equity to real estate and commodities. Many of these investment opportunities promising avenues for growth… 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
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
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
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
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
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
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 >>
