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...
New Parents’ Guide to Tax Benefits: Making the Most of Your 2024 Tax Return
Welcoming a new baby changes everything - including your tax situation. Between midnight feedings and diaper changes, tax planning might be the last thing on your mind. However, understanding the tax benefits available to new parents could put thousands of extra dollars in your pocket during the 2025 tax season. Think of your new tax situation like assembling a baby's room - you need the right tools, proper planning, and attention...