Blog
“My Biggest Business Regret?” Not Using an ILIT (Before It’s Too Late)
Imagine safeguarding your wealth from legal risks while maximizing your loved one's inheritance. An Irrevocable Life Insurance Trust (ILIT) could be your answer, offering asset protection and a unique tax-saving opportunity for business owners like you. Let's explore...
Attention! 2024 Tax Season Starts Now: Avoid Scams with the IRS “Dirty Dozen” List
As the 2024 tax season officially kicks off, it's crucial to remember that not all tax-saving strategies are created equal. Ever wondered about the perks of investing in a Maltese individual retirement arrangement or exploring Puerto Rican captive insurance? These...
Rental Property Sale? Think Beyond Today’s Tax Savings!
Thinking of selling your office building, store, or warehouse? Did you make interior improvements? This newsletter explains how those improvements might impact your future taxes. Key points: Today's deduction can become tomorrow's higher tax bill: Certain improvements...
Time’s Running Out! File Your 1099-NECs Before January 31st
As the deadline for filing 1099s for the 2023 tax year rapidly approaches, we want to ensure your business is well-prepared for a seamless tax season. With just a limited time left until the January 31, 2023, deadline to file Form 1099-NEC (Nonemployee Compensation)...
Can You Deduct Gambling Expenses in 2024?
Thinking about deducting travel, meals, and other gambling expenses in 2024? If you consider yourself a professional gambler, you might be eligible. But beware, the IRS has its cards close to its chest, and qualifying isn't a walk in the park. The Perks of Being a Pro...
Double the Passport, Double the Taxes? Avoid Tax Traps for Dual Citizens
As of 2024, holding dual citizenship presents exciting opportunities like expanded travel horizons and diverse cultural experiences. However, it's crucial to understand the accompanying tax complexities to avoid legal and financial issues. U.S. Tax System's Reach:...
New ERC Rules Put Business Owners and Tax Advisors on the Hook!
Big changes are on the horizon that could impact your bottom line, and we want to ensure you're prepared to navigate these shifts without losing a dime. Congress is deciding to make a game-changing move by pushing the ERC filing deadline to January 31 – just around...
🚨URGENT: Potential January 31st Deadline for ERC Claims!🚨
We have news that demands your immediate attention, as it could impact your business's financial landscape – a proposed change in the Employee Retention Credit (ERC) filing deadline. In light of the persistent confusion surrounding ERC eligibility, associated risks,...
⚠️ ATTENTION! Don’t Miss These 2024 Tax Deadlines – Act Now to Avoid Stress and Penalties!
Are you ready to face the 2024 tax season? Missing tax deadlines is a mistake you can't afford. It's not just about the rush; it's about avoiding unnecessary fines and controlling your financial future. Why is it crucial to be on top of your estimated tax payments?...
5 Surprises About Long-Term Care: Tax Benefits, Costs, Coverage, & More!
Have you thought about long-term care? It's more than just finding the right retirement home. It's about protecting your financial health and peace of mind, now and in the future. Here are 5 key points to consider: 1. The Truth About Coverage: It's a widespread...