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

The Inflation Reduction Act: what’s in it for you?

The Inflation Reduction Act: what’s in it for you?

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends, and modifies many climate and energy-related tax credits that may interest individuals.

Evaluating an ESOP from a succession planning perspective

Evaluating an ESOP from a succession planning perspective

Strictly defined, an ESOP is considered a retirement plan for employees. But it can also play a role in succession planning by facilitating the transfer of a business to the owner’s children or employees over a period of years in a tax-advantaged way.

Benefit From The Purchase of An Electric Vehicle

Benefit From The Purchase of An Electric Vehicle

The law states that additional guidance will be issued before December 31, 2022. However, the current law has several additional provisions that take effect on January 1, 2023. It includes credits for preowned electric vehicles, changes to how the credits are calculated, bifurcations between mineral and battery requirements, and other limitations.

Crypto Currency Is Not Subject To Wash Sale Rules

Crypto Currency Is Not Subject To Wash Sale Rules

However, crypto is viewed as property, and the wash sale rules do not apply. The build back better bill was going to include a provision to expressly address this and have crypto fall under these provisions (or something similar) however, the bill did not become law.

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