Author: wscpa (page 3)

Navigating Tomorrow: Year-End Tax Strategies for Business Owners

As we near year-end, proactive tax planning becomes more crucial than ever for businesses and family offices with complex tax portfolios. While 2024 hasn’t brought significant legislative tax changes, foundational tax strategies remain invaluable. With potential transactions and evolving state…
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Maximizing Charitable Giving: The Power of Appreciated Securities

Written by: Angela Parziale, CPA, MST Managing a complex portfolio involves unique challenges and opportunities, especially when optimizing your financial strategies. While some aspects of your financial situation may be out of your control—like mortgage rates or state taxes—one area…
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Internal or Outsourced Accounting Team

Internal Accounting Team or Outsourced Team: Which Is Right for Your Business?

Written by: Todd Ellis, CPA, MST, CGMA  Every business, whether large or small, needs reliable accounting support to keep operations running smoothly—ensuring cash flow is managed, bills and employees are paid, and the business’s overall financial health is well understood.…
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Corporate-Owned Life Insurance Tax

Supreme Court Ruling on Taxation of Corporate-Owned Life Insurance: What Business Owners Need to Know

Written by: William Cooper, CPA On June 6, 2024, the Supreme Court issued a ruling in Connelly v. United States that has significant implications for privately held business owners. The Court unanimously decided that the value of company-owned life insurance…
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Estate Planning for Generational Wealth

Estate Planning Essentials for Preserving Generational Wealth

Written by: Jordan Yorks Wealth preservation is a key concern for high- and ultra-high-net-worth individuals, especially when passing on assets to future generations. Estate planning is the cornerstone of ensuring that your wealth is transferred smoothly, efficiently, and according to…
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IRS Adopts Final Digital Asset Tax Reporting Rules with Some Revisions

The IRS on June 28 issued final regulations on information reporting for digital asset transactions. The final regulations require “brokers” to report gross proceeds, cost basis, and gain or loss on sales and exchanges of digital assets, including cryptocurrency, stablecoins,…
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