Latest From the Blog
You Take a Friend on Your Yacht. Is It a Taxable Gift?
Taxes touch every aspect of Americans’ lives. Consider the controversy over benefits received by Supreme Court Justice Clarence Thomas from his longtime friend, Dallas billionaire and political donor Harlan Crow.
Effective Business Tax Strategies for Small Businesses
Here is a great article for small businesses that we had CHAT GPT create.
Your Child Picked a College! Tee Up Your 529 Plan.
College decision time is now for many high school seniors. Here is a helpful article on withdrawing funds from 529 college savings plans.
Maximizing Your Deductions
When it comes to tax season, maximizing your deductions is key to minimizing your overall tax liability. Here are some tips to help you make the most of your deductions and potentially increase your tax refund:
Electronic Filing Mandate Effective January 2024
The IRS has drastically changed the filing requirements for Form 1099s starting January 2024. The IRS originally required the forms to be electronically filed if filing over 250 information returns. Starting in January, the filing requirement will be 10 returns. This number would combine Forms W-2 and 1099s.
The Big 5 Opportunities of This Down Cycle
We’re in some challenging times. Economies are shifting. Businesses are reconfiguring. And deep uncertainty dominates many peoples’ mindsets. But smart leaders get that crisis breeds opportunity. And so they train their brains to focus on nothing else. Here are 5 of the NBO’s (Nice Big Opportunities) I’ve been sharing with my clients.