To hedge against stock market volatility and inflation, some IRA owners and investors put money into precious metal assets, such as gold, silver and platinum. Although precious...
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How Are Income Distributions from Trusts and Estates Taxed?
As separate legal entities, estates and nongrantor trusts must file their own federal tax returns, just like individual taxpayers. Unlike individuals, however, these entities may...
5 Tips to Help Tackle Trump’s Tariffs
On April 2, 2025, President Trump rolled out his promised new tariff policy. A long-time fan of tariffs, Trump surprised many with a baseline tariff on all U.S. imports and...
Cash vs. Accrual: Choose the Right Accounting Method for Business Tax Purposes
Many businesses have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that...
Finding Profitable Real Estate Investments
For most real estate investors, the goal is to choose profitable properties that will maintain and grow in value. But factors out of your control, including the COVID-19...
Dispelling 10 Federal Tax Myths and Misconceptions
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners and high-net-worth...
Driving the Value of a Business
In today's environment, it's important for business owners to focus on the value of their company and what drives it. For asset-based businesses, such as real estate or...
6 Ways to Address Future Health Care Costs
How much money will you need to set aside to cover your out-of-pocket health care costs in retirement? Probably more than you think. According to a recent report by Fidelity...
Are All of Your Customers Profitable for Your Business?
Every business needs customers to survive. Owners typically spend a lot of time and energy trying to attract customers to their businesses and then keep them. They rarely asking...
Insights Into Small Business Bankruptcies
Many U.S. businesses filed for bankruptcy last year. Through the end of the third quarter of 2024 (the latest available statistics at this writing), formal bankruptcy filings...
