© 2023 Private foundations can be highly effective for people who want to leave a charitable legacy, but they’re expensive to set up and operate. Donor-advised funds are popular alternatives, but...
© 2023 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...
© 2023 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...
Time is ticking towards the January 16th deadline for the final 2023 quarterly estimated tax payments. Don’t let this date slip by unnoticed!...
The IRS has announced the 2024 Standard Mileage Rates. Understand how these rates will affect your deductions for business, medical, moving, or charitable driving expenses. Explore this article to stay...
Uncover the implications of the DOJ's new M&A safe harbor policy in our latest article. We dissect the potential risks and opportunities that could come with this change, providing vital...
Make your year-end giving count! Discover the best strategies for 2023 to maximize your charitable contributions and tax savings in our latest article. Dive into the specifics of smart donating...
When planning your charitable donations, it's important to maximize the tax benefits of those contributions. Given the current standard deduction amounts, donors must be strategic to realize any significant benefit...