Resources & Newsletter

2021 Year-End Tax Planning Guide

Do your tax strategies need a refresh? With individuals and businesses navigating the various legislations passed in the last few years, you probably have questions about tax planning this year. To save the most on your 2021 taxes, you need to plan carefully and take advantage of all deductions, credits, and other breaks that the current tax law allows while also keeping an eye out for more tax law changes. This is exactly what our 2021 Year-End Tax Planning Guide can help you do.

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Tax and Estate Planning Guides

Our Tax Planning Guide answers frequently asked tax questions for individuals, businesses, not-for-profit organizations, and more. If you have questions about the CARES Act, the Consolidated Appropriations Act, the ARPA, tax changes under the TCJA, need a list of updating tax due dates, or have other questions, please refer to our guide HERE.

Our Estate Planning Guide helps you plan to ensure that your assets are distributed according to your wishes and your loved ones are provided for. From estate planning basics to charitable giving, life insurance, community property, and more, we have many helpful resources in our Estate Planning Guide HERE.

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Recent News

Summers at Topel Forman

At Topel Forman, we often talk about balance which can mean many things, including reconnecting, providing flexible time off, and more. In our field, by nature, we always have busy tax seasons. As a result, employee satisfaction has always been at the forefront of our strategy, and we have recently further embraced the concept of creating a work and life balance culture. We promote the well-being of our employees, both in and out of the office.

Three tax breaks for small businesses

Three tax breaks for small businesses

For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts and estates. But it’s not available to C corporations or their shareholders.

How to avoid the early withdrawal tax penalty on IRA distributions

How to avoid the early withdrawal tax penalty on IRA distributions

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money. Important: Once you reach a certain age,...

The GST tax and your estate plan: What you need to know

The GST tax and your estate plan: What you need to know

The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code. So, if you’re planning to share some of your wealth with your grandchildren or great-grandchildren — or if your estate plan is likely to benefit these generations — it’s critical to consider and plan for the GST tax.

Weathering the storm of rising inflation

Weathering the storm of rising inflation

Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies. Is it time for business owners to panic? Not at all. As of this writing, a full-blown recession is possible but not an...

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