Year-End Tax Saving Strategies for 2024: Navigating Uncertainty During Election Year
November 05, 2024
As 2024 comes to a close, business owners are focusing on finishing the year strong. That said, since 2024 is a U.S. presidential election year, there is uncertainty around potential changes to tax laws and economic policies that can make financial planning more challenging.
Charitable Giving and Tax Planning: Maximizing Benefits
September 16, 2024
Most taxpayers working with a knowledgeable CPA know that integrating charitable giving into your tax planning strategy can be a powerful way to minimize your tax bill while supporting causes you care about.
Understanding the Tax Implications of Converting Your Primary Residence to a Rental Property
August 20, 2024
A client recently asked an important question that many homeowners face:
If the house purchase I'm hoping to make goes through and my current residence becomes a rental property, does that change what happens if I sell it in the future or if I want to move back in at a later date?
Strategic Tax Planning in Anticipation of Upcoming Election-Related Tax Law Changes
August 05, 2024
As the US presidential election draws near, the political landscape is more turbulent and unpredictable than ever. With candidates clashing on critical issues such as taxes and voters navigating a maze of information and misinformation, the stakes are extraordinarily high.
July 30, 2024
Tax planning and preparation are unique to each client and should be tailored to an individual and company's needs. Building wealth by acquiring property is a strategy that suits many clients for tax reasons.
Tax Cuts and Jobs Act (TCJA) Sunset Impacts
July 29, 2024
The TCJA significantly altered the landscape of individual tax deductions. By doubling the standard deduction and eliminating several itemized deductions, it provided a net benefit to taxpayers who previously didn't itemize.