Beneficial Ownership Information: What businesses need to know

Starting January 1, 2024 through January 1, 2025 many companies will be required to report information to the U.S. government about who ultimately owns and controls them. A beneficial owner is any individual who, directly or indirectly exercises substantial control over a reporting company or owns or controls at least 25 percent of the ownership […]

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Unlocking Tax Advantages: Converting Your Principal Residence to a Vacation Home

For many homeowners, the decision to turn a beloved family home into a vacation property can come with unexpected tax advantages. When a residence transitions from a principal residence to a vacation home, various tax benefits may become accessible, providing an additional layer of financial incentive for such a change.   Capital Gains Exclusion: Homeowners

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Navigating Estate and Trust Taxation: A Guide for Executors

When tasked with the responsibility of executing an estate, understanding the intricacies of estate and trust taxation is crucial. Often times, this process can be overwhelming and confusing. For decades, we’ve helped executors play a pivotal role in ensuring that the final wishes of the deceased are carried out. Part of this responsibility involves managing

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Tax Planning: How It Works and Why You Can’t Afford to Skip It

Tax planning is a financial strategy that individuals and businesses should embrace. With the right tax strategy advisor on your team, it’s a proactive approach to managing your tax liability, which involves making well-informed decisions throughout the year to minimize your tax burden legally. Read on to learn more about how tax planning works and

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Understanding Tax Changes for 2023: What Taxpayers Should Know Before Filing

(opens in a new taAs tax season approaches, it’s essential to stay informed about any changes in the tax code that may affect your financial situation when you file your 2023 tax return. Being proactive and understanding these changes can help you make informed decisions, maximize deductions, and ensure a smooth tax season. Let’s explore

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