Year-End Financial Review for Business Owners

November 15, 2023
Two young business owners, representing year-end financial review and planning for business owners.

Last week on the Illumination Wealth Blog, we provided some year-end financial review and tax planning tips for individuals and families. [Click here to read full article.] In this article, we will turn our focus to business owners and entrepreneurs.… Read Now >>

Year-End Financial Review for Individuals

November 8, 2023
Father and son fishing, representing personal priorities and year-end financial review for individuals and families.

2023 is almost over. As the year comes to an end, it’s the perfect time to review your finances and adjust your financial plan for 2024 and beyond. In-depth financial reviews should happen at least once a year, and there’s… Read Now >>

The Gift of Giving: Introducing Children to Charitable Giving

November 1, 2023
Family at Christmas, concept of charitable giving and family gifting during holidays.

Last week, we talked about the gift of giving during the holiday season. The article was all about teaching financial literacy to your children and grandchildren, as well as using this time with family to discuss important estate planning issues.… Read Now >>

The Gift of Giving: Teaching Financial Literacy During the Holidays

October 25, 2023

It’s that time of year where both family matters and financial planning have extra significance. On a family level, you have holidays like Thanksgiving and Christmas that bring everyone together and remind us what’s truly most important in life. This… Read Now >>

Latest Updates on the Pass-Through Entity Tax (PTET)

October 11, 2023
Group of business owners, representing PTET (pass-through entity tax)

A majority of states have now adopted the pass-through entity tax (PTET). In fact, 36 of the 41 states which impose state income taxes have adopted some form of a PTET tax rule. The PTET enables owners of pass-through business… Read Now >>

What Business Owners Need to Know About ICHRA Benefits

October 4, 2023
Medical image, representing ICHRA health plan option for employers.

Are you thinking about providing your employees with a new individual coverage health reimbursement agreement (ICHRA) as part of your benefits package? There is some important information you will want to understand before implementing an ICHRA. Below are some of… Read Now >>

Starting Your Journey to Financial Independence

September 27, 2023
Hiker atop a mountain, representing financial independence

It’s never too late to start planning for a brighter financial future. Whether your retirement is a few decades away or a few years away, there are positive steps you can take now to get where you want to go… Read Now >>

Real Estate Investors: Plan for the Market Ahead

September 20, 2023
Cloud house in the sky, representing planning ahead for real estate investors.

There are many strategies you can apply to become a successful real estate investor. Though real estate is generally considered one of the safest long-term investments, it is not without its risk. The market will have fluctuations, both big and… Read Now >>

5 Estate Planning Tips for Business Owners

September 13, 2023
Empty office, concept for estate planning for business owners

Estate planning should always be a top priority for anyone, regardless of age, wealth or family situation. The older you get, the more important it becomes to have a proper estate plan in place. Unfortunately, you will not be around… Read Now >>