Confused by the W-4 Form? You’re not alone. Many don’t realize the W-4 Employee Withholding form has changed — and filling it out correctly matters. In this short webinar, Senior Advisor Jill Carr walks you through what’s new, when to update your W-4, and how to do it right. BACK TO THE NEWSLETTER: Disclosure …
Tax Planning
Tax Law Changes: What to Know
Tax Law Changes: What to Know By Jessie Schlanderer, CDFA®, Wealth Advisor and Portfolio Implementation Lead This Fourth of July brought some extra fireworks to American investors as President Donald Trump signed the “One Big Beautiful Bill” (OBBB) into law. In addition to making several parts of the 2017 Tax Cuts and Jobs Act (TCJA) …
Learn About Various Charitable Giving Vehicles
Listen as Jill Carr, our Director of Financial Planning, provides an overview of various charitable giving vehicles and how they work. She highlights which options align best with specific financial goals or situations, along with key considerations for tax deductions, income beneficiaries, death benefits, and other important information. Click here to listen to Jill and …
What’s Changing for 2025?
What’s Changing in 2025? Social Security: Cost-of-Living Adjustment (COLA) for 2025 will be 2.5%. Retirement Accounts: Contribution limits for 401(k)s, 403(b)s, 457 plans, and the federal government’s Thrift Savings Plan have increased to $23,500 for 2025. The catch-up contribution for those aged 50 and above remains $7,500. Starting in 2025, under the SECURE Act 2.0, …
Inherited IRA RMD
IRA assets cannot be left in an IRA forever. You know that – as many of our retired clients take an annual Required Minimum Distribution (RMD). Where it gets complicated, especially with recent SECURE Act guidance, is when you inherit an IRA. Not only do we help clients navigate these complex rules, we do it …
Tax Strategy and Efficiency – a Strategic Advantage for Clients
Tax changes Are likely to be at play regardless of who wins the Presidency in November. It’s likely that higher taxes will be needed to reduce the Federal debt. Based on historical events, we have been talking to clients about higher taxes for the past few years. The last four Presidential administrations have increased the …
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Tax Tips for Business Owners
If you don’t have an employer-sponsored retirement plan, ask us to review options with you. Such plans may help you save on taxes, provide creditor protection, and support your retirement goals. Carefully evaluate your business (entity) structure (i.e., Sole proprietorship, S or C Corp, LLC, etc.) Each structure has different tax consequences and liability protections. …
2025 Tax Planning
Many of you may be aware of the potential tax planning changes on the horizon coming in 2025 to estate-tax rates. Most people are unaware, however, of some of the other tax-cuts that sunset at the end of 2025 if there is no action from Congress and the President to renew them. These tax cuts …
Tax Concerns and Misconceptions
Financial Advisor, Jill Carr When people hear I am a CPA or that I have worked for the IRS, I usually get questions. Taxes are a universal thing that many people worry about, and few people understand how they work. In this article, I’ll do my best to demystify some common tax concerns and misconceptions. …
How We Save Your Tax Dollars
Tax Efficiency 101 – How We Save Your Tax Dollars One of the things that we pride ourselves on is our work with clients on tax efficiency. What do we mean by that? Globally speaking, something is “tax-efficient” if it is taxed at a lower rate than an alternative. Basically, tax efficiency refers to doing …