How 529 Plans Offer Tax Savings for School Tuition
What are 529 plans? Also known as qualified tuition programs, these plans enable prepayment of higher education costs on a tax-favored basis. Types of 529…
Accounting | Consulting | Tax
Charitable Donations: Giving to Donor-Advised Funds
Charitable Deductions This Year, Advisory for Future Years Perhaps you are interested in giving a substantial donation to charity this year. However, you would like…
Are You Struggling to Handle an All-Cash Cannabis Business? Then Read This.
Easy to Implement Tips to Set Up a Cashless ATM for Your Cannabis Business In the growing cannabis market, cash is key. Like it or…
Life Insurance Benefits: How to Avoid Estate Taxes
The reason that most people buy life insurance benefits is to provide for their family after their death. Yet, in some cases, if the life…
Life Insurance Trust: Minimize Estate Taxes
Even a with modest estate, you can end up owing hundreds of thousands of dollars in estate taxes. Why? A life insurance policy with a…
QPRT: Transfer Your Home to Your Kids with Less Taxes
You’re at the point in your life where you want to transfer the ownership of your home to your kids. How can you best make…
Crummey Trusts: How to Manage Monetary Gifts
How can a Crummey Trust help you? Giving Responsibly With a custodial account, you can give away up to the gift tax annual exclusion amount…
Charitable Remainder Trust: A Powerful Estate Planning Tool
When you’re developing your estate plan, one powerful tool to consider is a charitable remainder trust (CRT). A CRT may enable you to reduce your…
Consulting | Financial | Tax
Sham Trusts: How to Avoid Tax Penalties
The IRS warns us about tax evasion schemes, called “sham trusts,” involving foreign and domestic trusts. An important of estate planning is find the best…
Are Your Social Security Benefits Taxed?
Social security income is taxed differently than the income you may have earned during your career. Whether you pay income tax on social security depends…