Tax Planning Strategies for High-Income Earners Good tax strategies for high-income earners is an important part of financial management. It helps you to save money and file your taxes in a way that will reduce your tax liability. What is Tax Planning? Tax planning...
The IRS has announced changes to the 2022 tax code, which will affect the coming tax return season. The inflation rate in the US reached record heights and in a short time, now at over 30% and consumer prices are rising, so the new tax code aims to reduce the costs of...
One of the most important decisions that you’ll make in your lifetime is how much money to save and invest. If you’re a high-net-worth individual (HWI), then this means that you must carefully consider every possible way that you can save money on taxes....
While no investor wants to take a loss on the stocks, bonds, and other securities they purchase, there may come a time when selling assets at a loss can be a strategic move that yields positive results. Today we’re looking at a strategy known as Tax Loss Harvesting,...
Employees of family-owned businesses may not be eligible for the Employee Retention Credit (ERC). This credit was enacted to encourage eligible employers to keep employees on their payrolls during the pandemic. It was in effect for most employers through Sept. 30,...