Resources
-
Individual Tax Planning Guide: Strategies for Maximizing Savings
As the end of the tax year approaches, it’s essential to consider strategies to minimize your 2023 federal tax liability. The current landscape presents challenges with market volatility, persistent high-interest…
-
Navigating Passport Revocation and Substantial Tax Debts: A Practical Guide for Business Owners
Managing federal tax debts exceeding $59,000 requires careful attention and strategic actions. This article discusses the process, implications, and steps to resolve substantial tax debts that could impact your passport…
-
Shield life insurance proceeds from estate tax with an ILIT
Life insurance can provide peace of mind, but if your estate will be large enough that estate taxes will be a concern, it’s important to not own the policy at…
-
Tax Planning for Business Profitability
In today’s competitive business landscape, understanding the intricate world of tax regulations is more than just compliance – it’s a strategic imperative for maximizing profitability. Effective tax planning is a…
-
Make the most of the general business credit
Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit reduces the business’s tax liability dollar for dollar. Tax credits…
-
Giving gifts and throwing parties can help show gratitude and provide tax breaks
The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s…