Pass-through business owners can still benefit from the QBI deduction — but recent updates may affect your eligibility.
Learn the latest strategies to optimize your deductions.
100% Bonus Depreciation
Time is running out to take full advantage of 100% bonus depreciation before the rules change.
Our white paper walks you through what qualifies, how to maximize your deductions, and upcoming phase-out timelines.
The SALT Cap Limit Changes
State and local tax (SALT) deductions are shifting again.
Learn how the updated caps could affect your personal and business tax strategy — and what you can do to plan ahead.
Is Your Estate Plan Missing a Financial Strategy?
Estate planning isn’t just about drafting a will; it requires financial strategies to ensure assets are protected and efficiently transferred to heirs. Here’s what small business owners and investors need to consider:
Tax-Efficient Wealth Transfer
Without proper planning, estate taxes can take a significant portion of your assets. Setting up trusts and gifting strategies can reduce tax burdens.
Business Succession Planning
If you own a business, who will take over when you’re gone? A solid succession plan ensures a smooth transition and avoids legal disputes.
Keeping Beneficiary Designations Updated
Ensure life insurance policies, retirement accounts, and trusts have updated beneficiaries to avoid unintended asset distribution.
Avoiding Probate Delays
Probate can be costly and time-consuming. Placing assets in trusts and structuring ownership properly can streamline the transfer process.
Coordinating with Financial Professionals
Estate planning should involve collaboration between an attorney, an accountant, and a financial advisor to align legal and financial strategies effectively.
How to Reduce Taxes and Protect Your Business for the Future
Small business owners often overpay on taxes due to a lack of proactive planning. Here are key strategies to reduce your tax liability while securing long-term financial success:
Maximize Deductions and Credits
Business expenses like home office costs, vehicle use, and employee benefits may qualify for deductions. An accountant can help identify savings opportunities.
Structure Your Business for Tax Efficiency
The right business entity (LLC, S Corp, C Corp) can significantly impact taxes. A CPA can help determine the best structure for your goals.
Take Advantage of Retirement Plans
Contributing to SEP IRAs, Solo 401(k)s, or other retirement plans reduces taxable income while building long-term wealth.
Defer Income and Accelerate Expenses
Delaying income recognition and prepaying deductible expenses before year-end can optimize your tax position.
Use Estate and Succession Planning to Your Advantage
Business succession planning strategies can reduce tax liabilities while ensuring smooth transitions. Additionally, trusts and family partnerships may offer valuable tax benefits.