Resources & Insights

Categories

Tax-wise ways to take cash from your corporation while avoiding dividend treatment

If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax efficient since it’s taxable to you to the extent of your corporation’s...
Arrow

New option for unused funds in a 529 college savings plan

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but...
Arrow

How renting out a vacation property will affect your taxes

Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In...
Arrow

9 tax considerations if you’re starting a business as a sole proprietor

When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need to understand the...
Arrow

We May Never See a Better Environment for Transferring Wealth … Here’s Why

It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025. Furthermore, legislation could curb lifetime exemption limits...
Arrow

Charitable giving vehicles & Tax Implications

By: Andres Gonzalez and Craig Armstrong A charitable heart can yield significant tax benefits, and for high-net-worth individuals and families, understanding the intricacies of philanthropic vehicles...
Arrow

CONTROLLING INTEREST TRANSFER TAX

By: George Rendziperis, J.D. If you own an entity that owns real estate and considering selling such entity, you must consider whether the state in which...
Arrow

STATE AND LOCAL TAX DUE DILIGENCE

By: George Rendziperis, J.D. Is State and Local Tax (SALT) due diligence part of your merger and acquisition checklist?  If not, a seller who is not...
Arrow

Key 2024 inflation-adjusted tax amounts for individuals

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4%...
Arrow

Key 2024 inflation-adjusted tax parameters for small businesses and their owners

The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and their...
Arrow

Stay up-to-date

Remain informed and connected. Follow us and join our mailing list.

Savannah
Atlanta
Augusta
Miami
Tampa
Jacksonville
Orlando