5 Must-Know Tax Moves for High-Income Households Before Year-End (2025 Edition) Tired of scrambling every March, hunting for last-minute tax tricks like socks in the dryer? If you’re in a high-income household (yes, I’m looking at you, docs, dentists, vets, and business owners), it’s time to get out ahead for once and put some serious […] The post 5 Tax Moves Every High-Income Household Should Use for Big Savings appeared first on WealthKeel Advisors LLC.| WealthKeel Advisors LLC
Accounting often carries a reputation for being complex, intimidating, and filled with endless numbers and confusing jargon. For many small <p>The post Accounting Made Simple: Clear Strategies for Financial Success first appeared on Techie Loops.</p>| Techie Loops
Find more ways to save money and keep more of what you earn or gain. Learn how to utilise 10 annual tax allowances.| Ridgefield Consulting
The “One Big Beautiful Bill,” recently signed into law, reshapes U.S. tax policy by locking in TCJA provisions and introducing new deductions, credits, and savings incentives for families, seniors, and businesses, while phasing out green energy tax breaks and increasing the SALT cap. The post The “One Big Beautiful Bill” appeared first on Central Trust Company.| Central Trust Company
Get ready for tax season! Understand the One Big Beautiful Bill Act and its implications for individuals and businesses alike.| WealthKeel Advisors LLC
The One Big Beautiful Bill Act (OBBBA) introduced sweeping tax reforms—but many important provisions that affect high-income and high-net-worth individuals remained unchanged. Below are 10 frequently asked questions that clarify what stayed the same under the final law, signed July 4, 2025. 1. Can I make Qualified Charitable Distributions (QCDs) from my IRA to a […] The post 10 Key Planning Rules that Didn’t Change Under the OBBBA appeared first on Heritage Financial Services.| Heritage Financial Services
This article discusses the step-transaction doctrine, the three tests used to determine if it applies, and advice for taxpayers to help avoid an IRS challenge of the tax treatment of a series of transactions based on the doctrine.| The Tax Adviser
"Am I financially OK?" is undoubtedly the most frequently asked question that I receive. As you might expect, there is not a one-size-fits-all answer, and many feel stuck when making financial decisions. However, here are a handful of things that may help guide you from a place of uncertainty or anxiousness toward ... Read more. The post Am I financially OK? appeared first on Grand Life Financial.| Grand Life Financial
After being in a savings mode for a good part of your life, you have now transitioned into retirement and may be wondering the best way draw down assets from your investment accounts to meet your living expenses and not incur significant taxes. The accumulation phase was somewhat straightforward as you used tax-advantaged investments to| Grand Life Financial
House Republicans advanced a multitrillion-dollar tax and spending package that could have sweeping impacts on household finances.| CNBC
Americans surrender way too much money to taxation. The tax code is over 6.8k pages long. Our company leverages that complexity to help high-income earners pay less in taxes, ethically. Learn about the benefits of tax planning in this comprehensive guide!| Tencap LLC
Top earners and higher-rate taxpayers in the UK can mean getting caught in the 60% tax trap. Our tax expert shares tips on mitigating this.| Progeny
Beyond the headlines: The new tax law's true impact for job seekers and investors lies in how it will transform industries and create opportunities in areas such as regional accounting, AI and outsourced business services.| Kiplinger
Economic uncertainty, global events and increasing wealth are shaping the charitable landscape this year. Here are the philanthropic trends and some tips that could help affluent donors optimize their impact.| Kiplinger
Helping your child buy a house is becoming increasingly popular amongst parents but be aware of the possible tax implications for yourself.| Ridgefield Consulting
New limitations will apply starting in 2026, which makes 2025 a key window for maximizing your charitable contributions.| LSL CPAs
If you get health insurance from ACA, the government sets the percentages of income you are expected to contribute toward a benchmark policy.| The Finance Buff
Deferral of taxes is the name of the game when it comes to eeking out extra profits.| Financial Planning
President Donald Trump’s "big beautiful bill" raises the SALT deduction cap to $40,000. Here's who will benefit.| CNBC
Shocking HSA Secrets: Are You Missing Out on Major Tax Benefits? So, you think you know your Health Savings Account? You might be leaving piles of money on the table every year without realizing it. I’m rolling back the curtain on some truly wild HSA stats and, yes, a few cautionary tales that’ll hit home—especially […] The post Unlock HSA Tax Perks: Max Out Savings, Avoid Costly Mistakes Now appeared first on WealthKeel Advisors LLC.| WealthKeel Advisors LLC
Uncover the best practices in tax planning for high-income professionals. Simplify your approach and enhance your savings.| WealthKeel Advisors LLC
When you contribute to a 401(k), your investments grow tax deferred. But when you start taking distributions, you typically pay ordinary income taxes on the entire amount withdrawn. However, if you own your employer’s publicly traded stock inside your 401(k) — and that stock has appreciated in value — you may be able to ... Read more. The post The Smart Way to Pay Less Tax on Company Stock in Your 401(k) Using NUA appeared first on Grand Life Financial.| Grand Life Financial
Gifting can be a tax-efficient way to transfer wealth before and after your passing, and there are many strategies available depending upon your situation and goals. Gift Tax Exclusion – The IRS provides an annual gift tax exclusion of up to $17,000 (2023) to individual taxpayers. This means that you can gift ... Read more. The post What gifting strategies will reduce my taxes? appeared first on Grand Life Financial.| Grand Life Financial
There are several ways that you can reduce your taxes when contributing to qualified charitable organizations, so long as you are able to itemize your tax deductions. Establish a Donor-Advised Fund – Tax law changes may have adversely impacted your ability to itemize your annual charitable donations. You might consider establishing a ... Read more. The post How can I maximize my tax savings when donating to charity? appeared first on Grand Life Financial.| Grand Life Financial
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Report outlines CRA communication failures that resulted in wasted time, effort, from taxpayers| Advisor.ca
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Discover the power of Backdoor Roth IRAs for high-income earners. Learn how to navigate the strategy and maximize your retirement savings.| WealthKeel Advisors LLC
What happens to Canadian income tax return when you are financially independent retired early and living off your investment income only? (i.e. dividend income)| Tawcan
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
Former President Donald Trump and Vice President Kamala Harris both want to end taxes on tips. Here's why some policy experts don't like the idea.| CNBC
Learn more about The Nestmann Group – a wealth protection advisory firm that helps Americans build comprehensive wealth preservation plans. Since 1984.| The Nestmann Group
It is the continual build that makes 77k Shared Savings so important. They quickly made a meaningful impact by increasing their and their employees’ net income.| MainStreet
It is the continual build that makes 77k Shared Savings so important. They quickly made a meaningful impact by increasing their and their employees’ net income.| MainStreet
On March 21, 2024, the Senate read the H.R.7024 bill, known as the Tax Relief for American Families and Workers Act of 2024, for the second time but no further action was taken.| MainStreet
Smart solution for your employees to have tax-free education The post Educational Assistance Program appeared first on MainStreet.| MainStreet
How your employees can save money on job-related expenses The post Working Condition Fringe Benefit Plans appeared first on MainStreet.| MainStreet
Help your employees with repaying their student loans tax-free. The post Did you know employer student loan repayments can be tax-free? appeared first on MainStreet.| MainStreet
Consider setting up an accountable plan for your remote employees today The post How to save money for your work-from-home employees appeared first on MainStreet.| MainStreet
How to Decide When to File Your Taxes with Uncertainty of Section 174 In Mind| MainStreet
Learn how to boost your tax savings and support your favorite charities using a Donor Advised Fund. Discover the power of strategic giving today!| WealthKeel Advisors LLC
The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.| The Finance Buff