Here are my year-end tax planning tips
If you haven't already, now is the time to talk to your Tax Pro about whether it makes sense to take Bonus Depreciation or Section 179 deductions before the end of the year.
Charitable Giving: What Is It and How to Use It in Your Tax Planning
AFO2023-12-16T08:58:12+00:00Charitable donations are a common part of life for most Americans, especially those with higher incomes who are able to contribute more to charity. Giving to charity enriches the lives of those in need in the community while helping fund special causes that matter. Charity also provides plenty of tax...
December 14, 2023Tax Planning
Tax Loss Harvesting: What Is It & How to Use It to Reduce You Tax Bill
AFO2023-12-14T09:41:09+00:00Tax-loss harvesting is the act of selling securities at a loss to gain back and offset any capital gains tax owed from selling more profitable assets. This is a great strategy commonly used to help limit short-term capital gains, as this type of gain is commonly taxed at a higher...
December 14, 2023Family Office, Financial Advisors, Tax Planning
Key Benefits of Year-End Tax Loss Harvesting
AFO2023-11-29T12:21:46+00:00In a perfect world, investors would only see gains when checking their accounts. But in the real world, the stock market can be volatile and doesn’t always trade on a straight upward trajectory. No one wants their investments to decline, but when the market does trade lower, it's possible to...
November 29, 2023Blogs, Family Office, Financial Advisors, Tax Planning
How Tax Credits Can Play a Big Role for Small Businesses
AFO2023-10-30T17:50:05+00:00How Tax Credits Can Play a Big Role for Small Businesses b4b-tax-incentives-2023 Download
October 30, 2023Financial Advisors, Investment, Tax Planning
All You Need To Know About Types of Taxes and How They Work
AFO2022-11-15T07:49:24+00:00All You Need To Know About Types of Taxes and How They Work Taxes are mandatory contributions individuals are required to pay to a regional, state, or national governing authority. These taxes are used to finance government programs, buildings, and services. Taxation is an essential part of a country’s economy and...
November 6, 2022Tax Planning
Different Types and Classes of Taxation
AFO2022-11-06T11:26:58+00:00All You Need to Know About Different Types and Classes of Taxation Taxation is an essential part of a country’s economy and is the driving force behind the economic decisions of nearly all nations in the world. Particularly in the United States, taxation is a very crucial element that keeps many...
October 9, 2022Tax Planning
Tax Planning Strategies For High Net Worth Individuals
AFO2022-09-03T10:01:13+00:00Invest in Companies that Pay Qualified Dividends Most high income earners know that taxes on capital gains are lower than standard income taxes. For this reason, affluent individuals tend to invest, as that income won’t be subject to as much taxation. Depending on where you invest and with the right tax...
February 16, 2022Tax Planning
Tax Planning And Tax Strategy Concepts
AFO2022-07-25T10:30:53+00:00TAX PLANNING AND TAX STRATEGY CONCEPTS Taxes are the way through which we contribute to public expenditures for the development of the nation and even though it may not exactly be an easy process to undertake, it must nevertheless be done. To this effect, planning your tax strategy is of utmost...
July 15, 2021Tax Planning