As a business owner, you’ve worked hard to build wealth. But without a plan, high taxes and mismanagement could drain it. A dynasty trust helps secure your legacy for generations
Cryptocurrency investors, businesses, and brokers are about to face a major shift in tax reporting. Starting January 1, 2025, the IRS will require brokers and other intermediaries to issue the
The Inflation Reduction Act of 2022 brought substantial enhancements to energy tax credits, creating opportunities for business owners to save on taxes while making energy-efficient investments. Understanding these incentives and
As Donald Trump returns to the political spotlight, business owners are watching closely for potential tax changes that could impact their bottom line. While specific policy changes remain uncertain, the
For business owners, navigating the complexities of capital losses can offer significant opportunities to reduce tax liabilities. Understanding how to strategically manage and utilize these losses can directly impact your
Each year, the IRS adjusts various tax provisions to account for inflation, impacting standard deductions, income thresholds, and retirement contributions. These adjustments are particularly relevant for business owners who need
In the wake of a natural disaster, one of the most challenging tasks for business owners and individuals is reconstructing financial and tax records. These records are crucial for documenting
As we approach the end of 2024, the IRS has released its annual inflation adjustments for tax year 2025, which will significantly impact individual taxpayers and business owners alike. These
State and local tax (SALT) regulations are evolving rapidly, and 2025 promises to bring even more changes that will challenge businesses and their advisors. For business owners, staying ahead of
As we approach the end of the year, it’s time for business owners to take a hard look at their finances and implement strategic tax planning to maximize savings. Understanding