How to Give More (and Save on Taxes) With Charitable Contributions This Holiday Season
The holiday season brings out something special in people. Between Thanksgiving and New Year's Eve, Americans open their wallets to support causes they care about. Last year, donors gave an estimated $3.6 billion on GivingTuesday alone, and December accounts for roughly 30% of annual charitable donations. The spirit of giving runs strong during these months, but many donors miss opportunities to maximize both their impact and their tax savings. Understanding how...
Year-End Business Planning: 5 Essential Steps to Take Before December 31 (and the Top 3 Mistakes to Avoid in Q4)
The final quarter of the year arrives with a strange mix of urgency and opportunity. For business owners, Q4 represents more than just holiday parties and year-end bonuses. It's the critical window where smart planning can set the foundation for next year's success, while poor decisions can create problems that linger for months. The difference between businesses that thrive and those that merely survive often comes down to how they...
Trump’s 2025 Tax Plan: Overview of Proposed Changes
The upcoming Trump administration has signaled a significant transformation of the American tax landscape. With the 2017 Tax Cuts and Jobs Act (TCJA) provisions set to expire at the end of 2025, Trump's proposed tax changes represent a potential sweeping overhaul of how individuals and corporations are taxed in the United States. The administration's tax agenda encompasses everything from extending and modifying TCJA provisions to introducing novel approaches like exempting certain...
How Will President Trump’s Tax Plan Affect Me
The next presidential term could usher in the most significant tax policy changes since 2017, with Donald Trump's proposed reforms promising to reshape America's financial landscape. As financial advisors watching these developments unfold, we recognize that these potential changes carry implications for individuals, businesses, and the broader economy. While some proposals build on existing policies, others introduce entirely new concepts that could fundamentally alter how Americans interact with the tax...