Taxes

In 2025, the tax landscape for high-net-worth individuals is evolving. Understanding and optimizing your taxes can help you preserve wealth, maximize deductions, and reduce your overall liability. Here’s a comprehensive guide to navigating the tax code in 2025. 1. Stay Updated on Tax Brackets and Rates For wealthy individuals, understanding changes in tax rates and…

As the calendar turns to a new year, business owners have a valuable opportunity to reset and establish practices that will ensure a smooth tax season and better financial health. Developing strong tax habits early can save time, reduce stress, and minimize liabilities. Here are some essential tax habits to adopt as you start the…

As the year comes to a close, business owners must focus on year-end tax preparation to ensure compliance, minimize liabilities, and set their businesses up for financial success in the upcoming year. Proper planning not only avoids last-minute stress but can also uncover valuable opportunities for tax savings. Here’s a detailed guide to help you…

As the year comes to a close, business owners should focus on key financial tasks to ensure they’re fully prepared for the upcoming tax season. Addressing these tasks not only streamlines the tax filing process but also helps to maximize deductions and avoid penalties. Working with an experienced accounting firm is one of the best…

As the new year unfolds, taxpayers are gearing up for the annual ritual of filing their taxes. The landscape of tax laws is ever-evolving, and 2023 brings its own set of changes, deadlines, and details that individuals and businesses need to be aware of. From adjustments in tax brackets to modified filing deadlines, here’s a…

Expect a busy 2023 tax filing season as the new tax laws take effect. Start preparing now for the coming changes. With an expected 168 million or more individual tax returns about to be filed this year, it’s vital to organize your information to file your tax returns correctly. Fortunately, the IRS plans to improve its service for…

The recent case of Bathke v. Costley gave the Florida Court of Appeals, Fifth District, the opportunity to reexamine equitable distribution of marital assets and liabilities when it comes to a potential or hypothetical sale of entities that would incur capital gain taxes. In this case, Benjamin M. Bathke (“Husband”) and Mary Elizabeth Costley (“Wife”)…