by Admin | Nov 14, 2023 | Business Taxes, Individual Taxes, Retirement, Tax Planning
The baby boomer generation, a demographic cohort born between 1946 and 1964, is on the cusp of a significant transition. As they approach later stages of life, the importance of comprehensive estate planning cannot be overstated. This generation, one of the largest in...
by Admin | Nov 14, 2023 | Business Taxes, Individual Taxes, Tax Planning
A key component in promoting the highest degree of voluntary compliance on the part of taxpayers is enforcement of the tax law. By pursuing those individuals and businesses who don’t comply with their tax obligations, the IRS is being fair to those who are...
by Admin | Oct 17, 2023 | Individual Taxes
As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits. Of course, not everything can be included since the tax law has grown significantly in complexity, and it would...
by Admin | Oct 17, 2023 | Individual Taxes, Tax Planning
As the current 30-year mortgage rate hovers at 8%, and the 10-year treasury approaches 5%, it’s crucial to understand the implications of rising interest rates on personal finances. Depending on your life stage and financial situation, these changes can bring...
by Admin | Sep 12, 2023 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
The Importance of Business Succession Planning Every business – large and small – needs a business succession plan. Just like Warren Buffett and Jeff Bezos prepared for the day that they would step away from the C-suite, every small and mid-sized business owner...
by Admin | Sep 12, 2023 | Entrepreneurial, Individual Taxes, Tax Planning
Deductions When a Rental Property Is Converted to a Personal Residence Converting a rental property to a personal residence raises unique tax implications. If you own a home that you currently rent out and are thinking of converting the property to use as your...
