Smart Tax Planning Pays Off

Smart Tax Planning Pays Off

If you are financially successful or expect to become so, taxes are or will become one of your biggest expenses — and most people want to minimize their tax obligations. Roughly two-thirds of Americans say that they pay too much in federal income taxes, according to a...
Bankruptcy Debt Limits Soon Could Drop

Bankruptcy Debt Limits Soon Could Drop

Market uncertainties are causing some small businesses to struggle. If you are considering filing bankruptcy for your small business, you may need to act fast. A temporary change in the laws determining which debtors are eligible for certain bankruptcy protections is...
Close-Up on Pass-Through Entity Tax Laws

Close-Up on Pass-Through Entity Tax Laws

At the start of 2024, three dozen states and New York City already had pass-through entity taxes (PTETs) on their books, with legislation pending in three other states. These types of workarounds for the current $10,000 cap on the federal deduction for state and local...