by Stephanie Nolan | May 21, 2024 | Family, Tax Planning
Congratulations on your recent marriage! As you embark on this exciting journey together, it’s essential to understand how your new marital status affects your taxes. From name and address changes to withholdings and filing statuses, we’ve got you covered....
by Tabitha Regan | Mar 19, 2024 | Family, Individual Tax, Tax Planning
Most of us know and understand the basics of how to write a will and testament (identifying beneficiaries, finding an executor, getting a notary, etc.), but what do high-net-worth individuals need to keep in mind when it comes to estate tax planning and will creation?...
by Tabitha Regan, CPA | Mar 12, 2024 | Small Business, Tax Planning
In the complex world of tax regulation, understanding the interplay between state and federal tax systems is crucial for businesses seeking to optimize their tax strategies. For S-Corporations, LLCs and Partnerships, state pass-through entity (PTE) tax elections...
by LittleOwlCPA Admin | Dec 22, 2023 | Tax Planning
Charitable giving allows you to make a positive impact on causes you care about and can also provide tax benefits. By implementing effective charitable giving strategies, you can optimize your donations and potentially reduce your tax liability. In this tax guide, we...
by LittleOwlCPA Admin | Dec 1, 2023 | Individual Tax, Tax Planning
As the end of the year approaches, it’s an opportune time to review your financial situation and implement tax planning strategies to minimize your tax liability. By taking proactive steps, you can maximize your tax savings and potentially optimize your overall...
by LittleOwlCPA Admin | Oct 20, 2023 | Family, Tax Planning
Trusts are versatile legal instruments that can play a crucial role in estate planning, asset protection, and wealth management. Understanding the basics of trusts is essential for individuals and families seeking to preserve and manage their assets efficiently. In...
