Small Business Retirement Plans: Options, Benefits, and Tax Advantages
Why Offering a Retirement Plan Strengthens Your Business and Supports Your Team For many small business owners, day-to-day operations consume most of the time and energy available. Marketing, payroll, inventory, customer care—these responsibilities rarely leave room to think about long-term financial strategy. Yet one of the most impactful decisions a small business can make—for both
Most Owners Leave Money on the Table When They Sell a Construction Business. Here’s Why.
By Marcus Dickerson Construction business owners work in a world of timelines, budgets, and results that can be measured in concrete terms. You know when a project is profitable. You know when a subcontractor shows up ready to work and when they do not. And you know that a good project begins long before the
CRUTs, CRATs, and CLATs: Blending Charitable Giving With Smart Planning
By Marcus Dickerson For many families, charitable giving is about much more than generosity. It’s also about leaving a legacy, aligning money with values, and doing so in a way that makes sense financially. The tax code provides several powerful tools that let you support the causes you care about while also creating income, reducing
Planning for an Exit? How to Minimize Capital Gains Taxes and Maximize What You Keep
If you’re preparing to sell a business, offload highly appreciated stock, or cash out of a long-held real estate or crypto position, you’re likely facing a significant capital gains tax bill. For many high-net-worth individuals, the tax liability on a successful exit can exceed 30%, and sometimes approaching 40% in high-tax states when federal, state,
2025 Tax Guide
This guide will explore how tax filing may look different this tax year and what you can do to prepare. Remember that this guide is for informational purposes only and is not a replacement for real-life advice, so consult your tax, legal, and accounting professionals before modifying your strategy.
The Tax Brackets
The tax brackets are 10, 12, 22, 24, 32, 35, and 37 percent. Here are the tax brackets and the corresponding income ranges:
What’s My 2024 Tax Bracket?
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The Top 5 Financial Scams You Should Know About
(and How to Protect Yourself)
In today’s rapidly evolving digital world, financial scams are more pervasive than ever. Scammers are getting more creative, employing a wide range of tactics to trick unsuspecting individuals out of their hard-earned money. Whether it’s through email, social media, phone calls, or even in person, their methods are becoming harder to detect and easier to
“Riding Out the Storm: How Staying Invested Through Market Downturns Pays Off”
For many of us, the memory of the 2008 market crash is fading, but the lessons it imparted remain crucial. Those who held onto their investments through the turbulent period and didn’t sell in panic likely came out ahead in the long term. Market downturns, as unsettling as they can be, are a normal part
Understanding the IRS’ New Rules on Retirement Accounts: What You Need to Know
If you have a retirement account or expect to inherit one, staying informed about the latest IRS regulations is crucial. In July 2024, the IRS released new Finalized Regulations on Required Minimum Distributions (RMDs), adding complexity to the management of inherited retirement accounts. These changes are particularly relevant if you are a non-spouse beneficiary, have
Countdown to Expiration: 10 Tax Changes to Watch as 2025 Approaches
The Tax Cuts and Jobs Act (TCJA), enacted at the end of 2017, represents the most significant overhaul of the federal tax code in more than three decades. However, many of its provisions for individual taxpayers are scheduled to expire after 2025. As this deadline approaches, it is crucial to understand the changes that will
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