Essential Estate Planning Documents Everyone Should Have

Estate Planning Documents

Estate planning is a crucial aspect of financial planning for individuals of all ages and income levels. Having the right estate planning documents in place ensures that your assets are distributed according to your wishes, and your loved ones are protected in case of unexpected events. In this blog post, we will outline the essential […]

Selling Your Business? Consider A Charitable Remainder Trust

charitable remainder trust

Charitable Remainder Trusts are irrevocable trusts that afford the opportunity to donate assets to a charity and draw down an income, either for life or a specific term. Establishing a Charitable Remainder Trust can include the transfer of cash, property, or other assets. The Charitable Remainder Trust, once established, pays income to at least one […]

Qualified Opportunity Zone Tax Benefits and Investment Options

Qualified Opportunity Zone

Qualified Opportunity Zones (QOZs) are an investment option, providing unique tax advantages for investors with large realized capital gains. Created as part of the Tax Cuts and Jobs Act in 2017, QOZs offer a unique way to reinvest capital gains into economically distressed communities. In this blog post, we will delve into the tax benefits […]

Pass Through Entity Taxes

Pass Through Entity Taxes

The passage of the 2017 Tax Cuts and Jobs Act instituted a limit on the State and Local Tax (SALT) deduction of $10,000.  As a workaround to receive more tax benefit for business owners in high tax states like California and New York whose deductions have been severely limited by this cap, many states have […]

What is QSBS?


Qualified Small Business Stock (QSBS) exclusion or Section 1202 stock allows business owners to potentially sell some or all of their business for little to no capital gains taxes owed if certain requirements are met. Given the tax benefits, the impact of QSBS can be significant but certain requirements must be met to qualify. Tax Benefits […]

Disability Insurance Considerations for Business Owners

Disability Insurance Considerations for Business Owners

The need for disability insurance coverage is an often overlooked but necessary one.  According to research by the National Fibromyalgia Association, 64 percent of workers say there is a 1-2% chance of long-term disability but the reality is that roughly 25 percent of today’s 20 year olds will become disabled before they retire.   Disability Insurance […]

S Corp Wages: Paying Yourself Tax Efficiently

S Corp Wages: Paying yourself Tax Efficiently

Ways to pay yourself as an S Corp  If you have structured your business as an S Corporation (S corp) or an LLC that is taxed as an S corp you can save in self-employment taxes.  That said, it is important to be intentional when deciding how to pay yourself as an employee of your […]

Section 179 Deduction: Writing off your Company Vehicle

Section 179 Deduction: Writing off your Company Vehicle

What is the Section 179 Deduction?  The Section 179 deduction is a tax deduction made available to business owners that purchase certain types of business property.  These purchases include vehicles for business use, equipment, office furniture, supplies and other tangible items.  Even ownership in a plane can potentially qualify for the Section 179 deduction.  Using […]

What is a Restricted Stock Unit?


Restricted Stock Units (RSUs) are a form of employer stock-based compensation. Often given to executives or high performing individual contributors, these awards grant ownership in an employer based off certain conditions.  Vesting  When you are granted RSUs, there will be a vesting schedule provided by your employer that determine when the shares are officially yours. […]

The Importance of Running your Own Race


It was brisk fall morning in October in Vienna, Austria when Eliud Kipchoge toed the line on the Reichsbrucke Bridge preparing to run 26.2 miles. While the distance was that of the marathon, this was no ordinary marathon attempt.  Eliud was the only racer running and the goal was to run a marathon faster than […]

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