Year-End Tax Income Planning: Qualified Business Income (QBI) Deduction
The top tax rate for C Corporations has been reduced from 35% to 21%. In order to place individual business owners and passthrough business owners in a similar tax rate situation, the Tax Cuts and Jobs Act 2018 (TCJA)...
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Year-End Tax Income Planning: Standard vs. Itemized Deduction Changes
One of the most notable changes with the Tax Cuts and Jobs Act 2018 (TCJA) is that the standard deduction has increased to $24,000 for joint filers (and $12,000 for single filers), meaning that the total amount of your...
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Consider a Donor Advised Fund as Your Vehicle of Choice for Charitable Giving
With the 2018 tax law changes, many individuals may find themselves no longer in a position to itemize deductions. If you have appreciated securities, held for longer than twelve months, donating them to the Donor Advised Fund (DAF) can...
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Top 5 Questions To Ask Your Financial Advisor Regarding Portfolio Risk
If you are preparing for a meeting with your financial advisor—whether as part of an ongoing relationship or exploring a potential new advisor—there are some questions you should ask in order to more deeply understand your risks. Use these...
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Financial Impact of a Divorce
Once a marriage has broken down and a decision is made by one or both parties to divorce, the impact can be devastating. Devastating not only to the individuals involved, but also to the children, family, friends and employers...
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