by Sharon Winsmith | Jun 8, 2021 | Business Owners
On May 28, 2021, President Biden released new details about the administration’s tax proposals. We have provided below a brief overview of 7 key takeaways from the proposals that could have an impact on entrepreneurs and investors. We encourage you to continue to...
by Sharon Winsmith | Apr 22, 2021 | Wealth Building
401ks and traditional IRAs have long been the favorite mechanism for saving for retirement. For many years, people have operated under the false belief that it is always best to maximize contributions to your retirement plans. However, there are many issues with...
by Sharon Winsmith | Feb 20, 2021 | International Tax
There are a number of information reporting requirements for individuals and businesses with cross-border operations. Provided below is an overview of some of the key international information reporting forms. Additional forms may be needed that are not provided below...
by Sharon Winsmith | Feb 19, 2021 | Passive Investments , Wealth Building
The tax laws were written to incentivize 2 primary goals: (1) creation of jobs and (2) investment of capital in a way that will benefit the U.S. economy. The vast majority of tax deductions and credits are structured in an attempt to accomplish these 2 goals. As a...
by Sharon Winsmith | Oct 28, 2020 | Business Owners
Business owners are entitled to a deduction if they use their home office for business purposes. Any types of homes may be eligible for the deduction, including single-family houses, apartments, and condos. The deduction does not require you to own the home and is...
