Trump just signed the One Big Beautiful Bill Act, enacted on July 4, 2025. Here is your quick guide to the changes and updates: [1] Tax Brackets Stay Low Tax rates were set to adjust to: This Bill keeps rates locked in at the lower rates, permanently. [2] Higher Standard Deduction The 2025 baseline: And… Read More Quick Guide to New Tax Laws
The best tax-sheltered investment vehicles depend on your financial goals, income level, and tax situation. Here are some of the most effective options: Retirement Accounts (Tax-Deferred or Tax-Free Growth) Health & Education Accounts Insurance-Based Vehicles Real Estate & Alternative Investments Business & Trust Structures Each of these vehicles has specific rules, contribution limits, and tax… Read More The Best Tax Shelters
1. Review Realized Gains & Income to Date Understanding your earnings from work is usually straightforward, but tracking what’s happening in your investment portfolio can be more complex, especially for busy professionals. Ideally, it’s wise to monitor your portfolio throughout the year to stay on top of potential tax liabilities and determine if estimated taxes… Read More 5 Year-End Tax Planning Strategies for High Income Earners
Proper Tax Planning Must Occur Before the Year Ends The fragrance of pumpkin spice is in the air, leaves are transforming into a brilliant display of reds and golds, and festive preparations are underway. Fall is not just a season of change in nature; it’s an opportunity for financial reflection. Amidst the joyous celebrations and… Read More October is the Time to Start Your Tax Planning
As a small business owner, you care about the future well-being of your employees. And just as you keep them safe in the workplace, you want to be sure you’re helping protect their future retirement as well. In doing so, it’s likely you’ve searched for effective avenues in helping employees (and yourself) contribute to their… Read More Top 5 Things Business Owners Should Know About a SEP IRA
Compared with other forms of compensation, incentive stock options (ISOs) can provide executives and other employees with substantial tax breaks. If held for a certain period of time, shares purchased as ISOs may escape all taxes other than the relatively low long-term gains rate of 15%. But as many “paper millionaires” discovered during the most… Read More Exercise Caution When Exercising Incentive Stock Options
There are strategies out there that could save you thousands of dollars in taxes, but you probably won’t ever hear about them unless you work with an experienced professional. The Deferred Sales Trust is one of those. It isn’t well known, but it should be. Here’s how it works. We sometimes have clients who own… Read More A Real Estate Exit Strategy That Can Save on Capital Gains Taxes
Preparing a strategy that is both advantageous and tax-efficient might feel daunting at first. Thankfully, there are some things you can do now to keep from overpaying this tax season. Build Your Team of Professionals You might build a team for any number of pursuits, from organizing a baseball team to putting together people to… Read More Tax Strategies for High Earners
Keith Weiss CFP® 