Philanthropic Planning: The Benefits of Donor-Advised Funds (DAFs)

December 13, 2023
Stack of coins, representing financial benefits of Donor-Advised Fund (DAF)

We are continuing our year-end article series focused on charitable giving and philanthropic tax planning. The proper strategies can enable you to make a bigger difference through charitable donations, while also benefitting you from a tax perspective. Check out our… Read Now >>

Philanthropic Planning: Maximize Capital Gains by Gifting Appreciated Stock

December 6, 2023
Businesswoman reviewing financial portfolio, representing gifting appreciated stock.

Charitable giving can be a smart financial strategy from a tax perspective, and you can also do a lot of good by supporting your favorite charitable organizations. Last week, we discussed some general charitable gifting strategies. [Click here to read… Read Now >>

Philanthropic Planning: A Comprehensive Guide to Charitable Giving Strategies

November 29, 2023
Helping hands, charitable giving concept

Over the next four weeks, we will be diving into the topic of philanthropic planning. We will be covering important topics related to charitable giving, different types of gifting strategies, and of course, the specific financial benefits that come with… Read Now >>

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 >>