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Should You Operate as a C Corporation as a Single Owner?
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If you’re a single-owner business trying to keep your operations and personal finances strictly separate, electing or maintaining…
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S Corp Tax Savings Explained: What Every LLC Owner Should Know
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If you operate a single-member LLC or multi-member LLC taxed as a partnership, you may be familiar with self-employment taxes eating into your bottom line. Electing S Corporation (S Corp) status can offer real tax savings….
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The Art of Giving (Without Triggering Form 709)
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In 2024, you could gift up to $18,000 per person without filing a Form 709, thanks to the annual gift tax exclusion under IRC §2503(b). In 2025, that number bumps up to $19,000, or $38,000 if you’re married and splitting the generosity. You can gift to as many people as you want—friends, family, your dog…
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Backdoor Roth IRA Conversions: A Powerful Strategy for High Earners
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High-income taxpayers are often phased out of making direct Roth IRA contributions due to income limits, fortunately, the “backdoor Roth IRA” offers a legal workaround…
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RSU Tax Planning for Professionals with Equity Compensation
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If you’ve received Restricted Stock Units (RSUs) as part of your compensation, understanding how they’re taxed is essential to avoid unexpected bills and plan effectively. This article is especially relevant to professionals in the following industries: RSUs are taxed as ordinary income when they vest. The fair market value of the shares on the vesting…
