Partner, Kelly O'Farrell, CPA, CVA has recently earned the Certified Business Exit Consultant® Designation from the International Exit Planning Association … [Read more...]
Social Security wage base is going up in 2025
November 13, 2024 by Lori Reich
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing … [Read more...]
2025 cost-of-living adjustments: How do they affect your year-end tax planning?
November 13, 2024 by Jim Rudnick
The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this … [Read more...]
Watch Out for These Tax Myths
November 13, 2024 by Jon Hinderks
Many myths about the IRS and the tax code have been amplified online in recent years. Here are a couple examples to review. Myth #1: Retirement money is always … [Read more...]
Maximizing Your Savings: Home Energy and Electric Vehicle Tax Credits
November 12, 2024 by Mitchell Erickson
As we move into 2025, sustainability takes center stage, not only in our everyday lives but also in our financial planning. Two significant avenues for savings … [Read more...]
Maximize your year-end giving with gifts that offer tax benefits
November 11, 2024 by Stacey Seviola
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and … [Read more...]
Help protect your employees’ 401(k) plan savings from fraud
November 11, 2024 by Annette Benson
Recently, a 401(k) plan participant was defrauded of approximately $740,000 when he fell victim to an elaborate scheme perpetrated by overseas criminals. … [Read more...]
Donor-advised Fund: A powerful vehicle for charitable giving
November 11, 2024 by Jeff Rislov
If charitable giving is important to you, consider a donor-advised fund (DAF). A DAF — typically sponsored and managed by a community foundation or commercial … [Read more...]
Beneficial Ownership Information (BOI) & Reporting
November 5, 2024 by Jennifer Lownsbury
The clock is ticking for nearly 35 million American businesses to comply with new reporting requirements under the Beneficial Ownership Information (BOI) … [Read more...]
