For months, taxpayers have been eyeing the end of tax cuts written into law in 2017 with the Tax Cuts and Jobs Act, enacted during Donald Trump’s first administration and triggered to sunset in 2026. For much of this year, the thinking has been: “Plan now to get ahead […] Click here to view full […]

In a move that wealthier taxpayers and their financial advisors will welcome, the Internal Revenue Service today announced inflation-adjusted increases to both the estate and gift tax exemptions for 2025, as well as a higher standard deduction and new income tax brackets. The basic estate tax exclusion amount will […] Click here to view full […]

Introduction As the 2024 fiscal year draws to a close, small businesses face the critical task of examining their financial strategies to maximize tax benefits. Effective end-of-year financial planning is essential not just for tax savings but also for setting the stage for future financial health and business growth. […] Click here to view full […]

Age and wealth often make clients more charitably inclined. But it’s important for them to plan for how they’re going to gift their cash and assets and how it will affect their taxes. For example, clients might end up paying more in taxes than they should have by structuring […] Click here to view full […]

Scammers steal funds from unsuspecting victims, making them financially unprepared for other “Grandma, I’m in jail and I need you to wire $10,000 for bail,” a deep fake scammer told my grandmother. Technology these days can make the voice of a scammer virtually indistinguishable from that of a loved […] Click here to view full […]

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