tax planning

Part 2: Tax Planning for the OBBB: How the New Tax Act Can Benefit Business Owners

Leave a Comment / B2B, Blog, Business Strategies /

A new administration typically means new tax policies, and tax planners have been waiting since the November election to see what would change. Now that the so-dubbed “One Big Beautiful Bill” (OBBB) has been finalized, the tax planning process can begin. As tax planners, we work with many clients who own a business, so we […]

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Part 1: Tax Planning for the OBBB: How the New Tax Act Can Benefit Business Owners

Leave a Comment / B2B, Blog, Business Strategies, Featured /

After months of waiting, clarity is finally coming. The tax and spending package unofficially known as the “One Big Beautiful Bill” Act (OBBB) has been signed into law—and tax planners everywhere are retooling their tax plans accordingly. Clients who own businesses may be especially eager to learn whether the new provisions could lower their tax

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How to Save Taxes on Your Real Estate Investment: How Partnerships Can Leverage the “Carried Interest” Strategy

B2C, Blog, Real Estate Strategies /

As a real estate investor, your tax saving strategies may depend on how you are holding those properties. Do you own the property as an individual? Are you holding it in a C corporation or S corporation? Or do you have a partnership where the partners are making different financial contributions to purchase a property?

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How to Save Taxes on Your Real Estate Investment: When REIT is the Right Choice

B2C, Blog, Real Estate Strategies /

So you want to get into real estate investing? The good news is you don’t need to be a pro to get started. Opportunities abound for new investors looking to get experience and work toward increasing their wealth. You don’t need to be a millionaire to take advantage of these investments. You just need some

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Investing in the Home Team: How NIL Collectives Can Maximize Tax Savings

B2C, Blog, Individual Strategies /

Sports fans know that team loyalties run deep. Committed supporters of college and even high school sports teams now have even more opportunities to make major investments in up-and-coming athletes. In 2021, student athletes were granted licensing rights for the first time, allowing them to earn income on the use of their “name, image, and

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Investing in the Home Team: How Tax Planning Can Help Student Athletes

B2C, Blog, Individual Strategies /

Most student athletes dream of taking home the championship trophy or being drafted onto a professional team. Whether or not this is what their future holds, athletes on well-loved college and even high school sports teams can build a career here and now—thanks to something called “name, image, and likeness” (NIL) rights. A pivotal 2021

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Preparing Your Client for a Tax Audit: Walking the Taxpayer Through IRS Audits 101

B2B, Blog, Business Strategies /

One of the many roles we play as tax planners is as the taxpayer’s audit support system. Just the word “audit” can cause the typical taxpayer to panic. We can help reduce taxpayer stress by orienting them to audit basics long before that notice comes in the mail. Our clients should know the reasons they

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Preparing Your Client for a Tax Audit: A Tax Planner’s Secret Weapon is Good Documentation

B2B, Blog, Business Strategies /

When that IRS audit notice shows up in the mail, many taxpayers’ first reaction is to panic. For well-trained tax planners, however, this can be our moment to shine—and to demonstrate to our clients the immense value that we bring to the table. Many taxpayers don’t realize that a number of tax returns are chosen

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Should Tax Planners Work with Family Offices? Tax Benefits of Establishing a Family Office

B2B, Blog, Individual Strategies /

Established, wealthy families have long leveraged the concept of a “family office” to preserve their wealth, ensure business succession, establish governance and control, and foster their family legacy. This type of specialized company has been gaining popularity—and many of them have been on the lookout for a tax planner to complete their financial advisory teams.

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