Archives
Strategies to Unlock Rental Property Tax Benefits
February 4, 2025
Deducting rental property tax losses against other income can be a complex challenge. The IRS has strict rules on how losses are classified, and simply owning rental properties does not automatically allow you to offset those losses against your wages… Read Now >>
How the 2025 Inherited IRA Changes Could Affect Your Tax Planning
January 28, 2025
If you’ve inherited—or expect to inherit—an individual retirement account (IRA), upcoming changes in 2025 could have a major impact on your tax strategy. The new rules affect required minimum distributions (RMDs), withdrawal timelines and tax liabilities. This makes it crucial… Read Now >>
Understanding Federal EV Tax Credits: What You Need to Know
January 21, 2025
If you’re in the market for a new car, the federal government supports buyers who go electric. Thanks to the Inflation Reduction Act passed in 2022, significant tax credits are now available for purchasing or leasing electric vehicles (EVs) and… Read Now >>
The Importance of Meeting Estimated Tax Payment Deadlines
January 14, 2025
The next estimated tax payment deadline for is tomorrow, January 15, 2025. This is your final chance to make an estimated tax payment for the 2024 tax year. Missing this crucial deadline can lead to non-deductible penalties, which means you’ll… Read Now >>
Navigating the Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) Reporting
January 8, 2025
Recent legal developments have introduced uncertainty regarding the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements. To stay compliant, it’s crucial to understand your responsibilities and options under the current circumstances. What Is the CTA? The… Read Now >>
Preparing for 2025: How to Build a Bulletproof Financial Plan
December 19, 2024
As the calendar turns toward a new year, it’s the perfect time to ensure your financial plans are as robust as your ambitions. A well-crafted financial strategy helps you navigate uncertainties, achieve your goals and create long-term stability. Here’s how… Read Now >>
The Importance of Year-End Business Reviews
December 17, 2024
As the year draws to a close, it’s the perfect time to step back and evaluate your business’s journey over the past twelve months. A thoughtful year-end review not only helps you celebrate successes but also uncovers opportunities for improvement… Read Now >>
The Entrepreneur’s Guide to Philanthropy: Strategic Giving During the Holiday Season
December 8, 2024
The holiday season is a time for gratitude, reflection and giving back. For entrepreneurs and high-net-worth business owners, this is also an opportunity to align your philanthropic efforts with your financial and legacy goals. By strategically planning your charitable giving,… Read Now >>
Closing the Year Strong: Key Tax Strategies for Entrepreneurs Before 2025
December 3, 2024As the end of 2024 approaches, high-net-worth business owners and entrepreneurs have a unique opportunity to maximize their tax savings and set the stage for a prosperous 2025. With proactive planning, you can minimize your tax liability, optimize deductions and… Read Now >>
7 Tax Strategies to Maximize Your Stock Portfolio in 2024
November 25, 2024
When it comes to your stock portfolio, the tax code offers opportunities to minimize your 2024 income taxes while maximizing your financial benefits. Understanding and applying these last-minute strategies can turn your portfolio into a tax-saving tool. Here’s how to… Read Now >>
