While cryptocurrency has become a topic of increasing interest in recent years, it has disrupted the global financial system for over a decade. Bitcoin, the first cryptocurrency and current leader in market capitalization, was introduced back in 2009. In 2013, Ethereum introduced Ether, a decentralized finance token with smart contract functionality.
Read MoreWith the 2022 deadline just behind us, it may seem premature to start tax planning now, whether your 2022 return is on extension or you are looking ahead to 2023. However, it’s important to remember that tax law is changing at an unusually rapid pace, which means maximizing your benefits and minimizing your tax exposure may take some extra planning this year.
Read MoreWhile real estate laws are determined at the individual state level, most states generally offer three main options for establishing co-ownership of your vacation property: joint tenancy, tenancy in common, and tenancy in entirety. All three of these options are available under Massachusetts law.
Unexpected medical expenses and long-term healthcare costs are often overlooked or underestimated in financial, retirement, and estate planning, especially for affluent individuals and families. When it comes to tax-efficient healthcare coverage, Healthcare Savings Accounts (HSAs) can actually help you build wealth and view your healthcare coverage as a long-term investment rather than a cost.
Read MoreWe’re taking a look at some of the most significant changes the House presented in the latest version of the Act. Understanding what has changed, when these changes are set to take effect, and what else could be ahead can help you and your CPA ensure timely-filed, tax-efficient 2021 income tax returns.
Read MoreThe Infrastructure Investment and Jobs Act (Infrastructure Bill) aims to reach several lofty goals, which means it comes with a high price tag. While we had hoped to see some resolution, the legislation is still in negotiations. Congress continues to debate the budget reconciliation bill and methods to repay the cost of the legislation’s provisions. Uncertainty makes tax and estate planning more challenging
Read MoreA family limited partnership (FLP) is an estate planning option typically employed to champion a family’s wealth transfer objectives. Historically, FLPs have helped families address both collective and individual goals and coordinate and consolidate family assets and investments, such as closely-held business interests.
Read MoreIt is essential for taxpayers to understand when these transactions create reportable income or, possibly, foreign account reporting requirements.
Read MorePlanning ahead for a life event can lead to significant tax savings as opposed to making adjustments and hoping for the best after the fact. How a change or event could affect your financial health is essential to understand, and so is having a grasp of all of your options before taking a financial leap or as you plan for an expected life event.
Read MoreWhether your goal is to travel the world, move closer to your grandchildren, help your child start a business, or just to live comfortably, you need to have a retirement plan in place.
Read More
