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
Working with a trusted financial professional is important when it comes to strategizing and preparing to meet your financial goals. But as most of us handle money on a daily basis, it’s important to have an in-depth understanding of the fundamentals of financial literacy. Below we’ve identified five financial basics everyone should know. Understanding these… Read More Do You Have These 5 Financial Basics Down?
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
Estate planning is an often complex financial process that nearly all investors should consider. It includes reviewing legal and tax implications, investment strategies and personal questions to ensure your estate is set up efficiently. As we ring in 2024, let’s look at some of the most important estate planning documents you should have prepared. Wills… Read More Estate Planning: Do You Have These Documents Prepared?
In today’s digital age, where personal information is frequently shared and stored online, the risk of identity theft looms large. Identity theft occurs when someone gains unauthorized access to your personal data and uses it for fraudulent purposes, often resulting in financial loss and damage to your reputation. With cybercrime on the rise, it’s more… Read More Insurance Basics: Identity Theft Protection
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
Over the past few years, you’ve probably heard—and read—more and more about cryptocurrency, including Bitcoin, Dogecoin, Ethereum, and many others. A surprising 13% of Americans traded in cryptocurrency in 2020, compared with 24% who traded in stocks. And the number of people trading in crypto is only expected to increase.1 But what exactly is cryptocurrency?… Read More Cryptocurrency & Bitcoin Basics
Keith Weiss CFP® 