Showing 1 to 12 of 16 results
OBBBA Reshapes California Tax Landscape for High-Income Business Owners
The "One Big Beautiful Bill Act" (OBBBA) in California permanently extends the QBI deduction, increases QSBS tax-free sale limits, raises the SALT deduction cap to $40,000 (with phase-downs above $500,000), reinstates 100% bonus depreciation, increases Section 179 deductions, and raises the estate a...
OBBBA Reshapes California Tax Landscape for High-Income Business Owners
The "One Big Beautiful Bill Act" (OBBBA) in California permanently extends the QBI deduction, increases QSBS tax-free sale limits, raises the SALT deduction cap to $40,000 (with phase-downs above $500,000), reinstates 100% bonus depreciation, increases Section 179 deductions, and raises the estate a...
Progress
64% Bias Score
Reduced Prescribed Rate Opens Canadian Tax-Saving Opportunities
Canada's prescribed rate for loans has decreased to 3 percent as of July 1, 2025, enabling tax-saving strategies through income splitting via spousal or family trust loans, refinancing existing loans, managing shareholder loans, and employer loans.
Reduced Prescribed Rate Opens Canadian Tax-Saving Opportunities
Canada's prescribed rate for loans has decreased to 3 percent as of July 1, 2025, enabling tax-saving strategies through income splitting via spousal or family trust loans, refinancing existing loans, managing shareholder loans, and employer loans.
Progress
0% Bias Score
Maximizing Tax Savings for Parents: Key Credits and Deductions for 2024
As Tax Day (April 15) nears, parents can maximize tax refunds and savings through credits like the Child Tax Credit (up to $2,000 per child under 17, $1,700 refundable), Earned Income Tax Credit (EITC, potentially up to $7,830 for a three-child family in 2024), Dependent Care FSA (up to $5,000 for j...
Maximizing Tax Savings for Parents: Key Credits and Deductions for 2024
As Tax Day (April 15) nears, parents can maximize tax refunds and savings through credits like the Child Tax Credit (up to $2,000 per child under 17, $1,700 refundable), Earned Income Tax Credit (EITC, potentially up to $7,830 for a three-child family in 2024), Dependent Care FSA (up to $5,000 for j...
Progress
16% Bias Score
2024 Tax Changes: Reduced Deductions for Business Meals and Entertainment
The 2024 tax year reduced the deductibility of most business meals to 50% and eliminated deductions for many entertainment expenses, impacting business owners' net income and prompting a need for revised tax planning strategies, although some exceptions for company events and employee meals remain.
2024 Tax Changes: Reduced Deductions for Business Meals and Entertainment
The 2024 tax year reduced the deductibility of most business meals to 50% and eliminated deductions for many entertainment expenses, impacting business owners' net income and prompting a need for revised tax planning strategies, although some exceptions for company events and employee meals remain.
Progress
44% Bias Score
RRSP Loans: A Cautious Approach to Maximizing Tax Savings
Canadians are increasingly using RRSP loans and lines of credit to maximize tax savings during RRSP season; however, financial experts advise caution, emphasizing the importance of high income, sufficient free cash flow, and understanding the scaled tax benefits related to marginal tax rates.
RRSP Loans: A Cautious Approach to Maximizing Tax Savings
Canadians are increasingly using RRSP loans and lines of credit to maximize tax savings during RRSP season; however, financial experts advise caution, emphasizing the importance of high income, sufficient free cash flow, and understanding the scaled tax benefits related to marginal tax rates.
Progress
44% Bias Score
Early-Year Financial Planning for Stock Compensation
Financial advisors recommend early-year planning for stock options, RSUs, ESPPs, and ISOs to optimize tax strategies, considering potential job changes and the implications of the Tax Cuts & Jobs Act; proactive planning helps minimize tax burdens and maximize returns.
Early-Year Financial Planning for Stock Compensation
Financial advisors recommend early-year planning for stock options, RSUs, ESPPs, and ISOs to optimize tax strategies, considering potential job changes and the implications of the Tax Cuts & Jobs Act; proactive planning helps minimize tax burdens and maximize returns.
Progress
32% Bias Score
Mid-Year Tax Review: Optimizing Your Tax Strategy
A mid-year tax review, ideally in July, helps adjust income, deductions, and withholdings based on life changes (marriage, new job, home purchase) or financial shifts, optimizing tax strategies and avoiding year-end penalties, especially given the One Big Beautiful Bill Act (OBBBA) changes.
Mid-Year Tax Review: Optimizing Your Tax Strategy
A mid-year tax review, ideally in July, helps adjust income, deductions, and withholdings based on life changes (marriage, new job, home purchase) or financial shifts, optimizing tax strategies and avoiding year-end penalties, especially given the One Big Beautiful Bill Act (OBBBA) changes.
Progress
48% Bias Score
SALT Deduction Phaseout Creates Unexpected Tax Hike for High Earners
President Trump's revised SALT deduction includes a temporary increase to \$40,000 in 2029, phasing out at 30% above \$500,000 MAGI, reaching \$10,000 at \$600,000, creating a higher effective tax rate for those between these thresholds, potentially reaching 45.5%.
SALT Deduction Phaseout Creates Unexpected Tax Hike for High Earners
President Trump's revised SALT deduction includes a temporary increase to \$40,000 in 2029, phasing out at 30% above \$500,000 MAGI, reaching \$10,000 at \$600,000, creating a higher effective tax rate for those between these thresholds, potentially reaching 45.5%.
Progress
32% Bias Score
Estate Planners as Risk Managers in Uncertain Times
PwC's report emphasizes the crucial role of estate planners as strategic risk managers in today's uncertain economic and political climate, highlighting the need for scenario-based planning to mitigate risks arising from the potential sunset of the 2017 Tax Cuts and Jobs Act, economic recession, and...
Estate Planners as Risk Managers in Uncertain Times
PwC's report emphasizes the crucial role of estate planners as strategic risk managers in today's uncertain economic and political climate, highlighting the need for scenario-based planning to mitigate risks arising from the potential sunset of the 2017 Tax Cuts and Jobs Act, economic recession, and...
Progress
40% Bias Score
Urgent Estate Planning Action Needed for Widows Before 2025 Tax Law Changes
The 2017 Tax Cuts and Jobs Act temporarily increased the estate and gift tax exemption, set to expire in 2025; widowed individuals must elect portability of their deceased spouse's unused exemption (DSUEA) within five years of death to avoid potential tax liabilities exceeding 40% on estates exceedi...
Urgent Estate Planning Action Needed for Widows Before 2025 Tax Law Changes
The 2017 Tax Cuts and Jobs Act temporarily increased the estate and gift tax exemption, set to expire in 2025; widowed individuals must elect portability of their deceased spouse's unused exemption (DSUEA) within five years of death to avoid potential tax liabilities exceeding 40% on estates exceedi...
Progress
40% Bias Score
Tax Implications of Inherited Roth 401(k)s for Non-Spouses
Non-spouse beneficiaries inheriting a Roth 401(k) must distribute the funds within 10 years; they can transfer to an inherited Roth IRA or take a lump sum, with tax implications depending on whether the five-year rule is met.
Tax Implications of Inherited Roth 401(k)s for Non-Spouses
Non-spouse beneficiaries inheriting a Roth 401(k) must distribute the funds within 10 years; they can transfer to an inherited Roth IRA or take a lump sum, with tax implications depending on whether the five-year rule is met.
Progress
44% Bias Score
Key 2025 Federal Tax Changes for Employees
The 2025 Social Security wage base is $176,100; supplemental income tax withholding is 22%; and the 401(k) contribution limit is $23,500 ($31,000 for those 50 and older).
Key 2025 Federal Tax Changes for Employees
The 2025 Social Security wage base is $176,100; supplemental income tax withholding is 22%; and the 401(k) contribution limit is $23,500 ($31,000 for those 50 and older).
Progress
28% Bias Score
Showing 1 to 12 of 16 results