Entity

Tax Planning for Student Athletes: Entity Selection as a Tax Strategy

B2B, Blog, Individual Strategies /

In recent years, college athletes at NCAA Division I schools are faced with a new opportunity: turning their burgeoning sports career into a profitable business. Before 2021, student athletes were prohibited from earning income on the use of their “name, image, and likeness” (or “NIL”). However, a pivotal court case overturned this rule and gave […]

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Creating a New Business Entity Could Lower Your Taxes… But How Do You Do That?

B2C, Blog, Individual Strategies /

When you work with a tax planner to create a proactive tax strategy, deciding on your strategy is just the beginning of the journey. Even the best plan won’t translate to savings without an implementation strategy. One of the benefits of working with a Certified Tax Planner is that they can help you create a

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Tax Implementation Guides: Forming a New Entity

B2B, Blog, Business Strategies /

Formulating a tax strategy is just the first step in moving your clients toward tax savings. The best-laid plan will be useless without an implementation strategy. If you use a tax planning software solution like Tru Tax Planner, you will have access to ready-made implementation guides for even complicated tax strategies.  One often-used strategy that

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Which entity

How To Answer The Not-So-Quick Entity Question

Leave a Comment / Blog, Business Strategies /

When it comes to entity selection, there really isn’t a general “rule of thumb”.  Most business owners consult their attorney to determine which entity is appropriate, but in many cases, they’re making a big mistake if they don’t seek counsel from their tax team before choosing their entity. But you know that. Let’s talk about

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