As a business owner, you probably know all too well that “what got you here, may not get you there.” To continue to thrive and grow in today’s world requires adaptability and ongoing, proactive approaches. For many privately-owned businesses, this can create a unique set of challenges. We often see three areas where privately-owned businesses …
Oftentimes, many business owners and high earners receive fragmented guidance that results in conflicting advice. This disconnect can come with a significant price tag as a lack of collaboration between financial advisors and tax planners can lead to detrimental loss of face value for your retirement fund. The true value of a financial partner lies …
For many high-net-worth individuals, a family office may be familiar, but not without questions on which pieces of your financial life this type of consultant should handle. A family office is a private wealth management firm made up of a team that helps you make financial decisions. They serve high-net-worth individuals and families by providing …
To paraphrase Benjamin Franklin: Nothing can be certain except death and higher taxes! The House Ways and Means Committee released a new tax proposal to help for $3.5 trillion in additional spending. The programs would be paid for through additional taxes on higher-income individuals and pass-through businesses like partnerships, sole proprietorships, and S-corporations. Among other …
His name is Robert, and he’s eight years old. He dreams of changing the world in some profound way. Even though he bears your name, you’re never going to meet him. You love him and want the best for him. He’s your great-great-great-grandson. With the right tax-saving strategy and a legacy planning mindset, you can give Robert …
You’ve done all the right things. You worked hard all your life and built a successful career or created a profitable business. You have saved and invested and met your financial goals. Now, how do you hang on to it? You need a plan to preserve the wealth you’ve worked so hard to build. You …
We typically only think about taxes when preparing to pay Uncle Sam. Making small changes to how you look at and approach your finances and taxes throughout the year, however, can add up to big savings on your taxes. There are many strategies that can be used, but here are five just to get you …
John D. Rockefeller established the first family office in 1882 to manage his family’s wealth but much has changed over the last century. No longer are family offices and family office services reserved for just the ultra-wealthy. Rather, it is the goals and circumstances that dictate the need for family office services. You may ask …
April is right around the corner. And we all know April brings more than just spring showers. But what if, instead of owing money to the IRS, you received a refund? Fortunately, there are some simple strategies you can use to maximize your tax savings. Tax Loss Harvesting Tax loss harvesting is the selling of …
The SECURE Act (Setting Every Community Up for Retirement Enhancement Act), part of the government’s spending bill, was passed and signed into law on Friday, December 19, 2019. It is the product of a bipartisan effort intended to strengthen retirement security across the country as Americans today have a longer life expectancy and are largely …
