Posts Tagged ‘business tax planning’
January Entity Elections That Save Real Money
January is when the math still has room to move. You’re not scrambling to “clean up” last year.You’re deciding what this year becomes. And for high earners with business income, side income, or multiple pay sources, entity elections are one of the few moves that can change your entire tax outcome. Not because of a…
Read MoreThe Sunset of Key TCJA Provisions: What You Need to Know for Tax Planning
As we approach the end of 2024, several significant provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are either in the process of phasing out or will sunset completely. These changes will impact both individuals and businesses, potentially increasing tax liabilities across the board. Here’s a breakdown of the provisions that are…
Read MoreSuccession Planning and Taxes: What You Need to Know
If you own a business, planning for future transitions and taxation should start now. Key takeaways Business structure matters for taxes, whether it’s a pass-through entity, S or C corporation, or another entity The Tax Cuts and Jobs Act lowered the corporate tax rate, and it also created the qualified business income deduction for pass-through…
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