Insights · Page 6
Practical perspectives on tax, finance, and business — written by the people who work in it every day. 94 articles in the archive.
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Taxes Aug 19, 2024Generation-Skipping Tax – 11 Things You Must Know
The generation-skipping transfer tax (GSTT) targets property transfers to younger generations, adding a layer of complexity beyond standard gift or estate taxes. For high-net-worth individuals, understanding GSTT is crucial for effective estate planning.
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Outsourced Services Aug 15, 2024Cost of Outsourcing Accounting Services
Outsourcing accounting services has become a highly effective strategy for businesses to manage their financial tasks while maintaining control over costs.
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Entity Structuring Aug 7, 2024Optimal Family Office Tax Structure in 2024
Structuring a family office for optimal tax efficiency is essential for high-net-worth families. Recent changes to tax laws make it crucial to strategically manage your family’s financial, investment, and personal affairs to minimize liabilities and secure long-term stability.
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Resources Aug 1, 2024Beneficial Ownership Reporting & Information Guide
In 2021, Congress enacted the Corporate Transparency Act (CTA), mandating that companies report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN).
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Real Estate Accounting & Taxes Jul 23, 2024Cost Segregation Guide for Real Estate Investors
Cost segregation is a powerful tax strategy that allows real estate investors to utilize accelerated depreciation deductions. It results in substantial tax savings, improved cash flow, and enhanced return on investment (ROI) on their real estate investments.
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Entity Structuring Jul 17, 2024Best Business Structure for Tech Startups
The best business structure for tech startups aiming to scale rapidly and secure substantial investment is typically a C corporation due to its robust liability protection and capacity to attract capital.
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Resources Jul 9, 2024Controller vs CFO – Which One Do You Need?
Choosing between a controller and a CFO is crucial for any business, especially as it grows and its financial needs become more complex. The main difference between a controller and a chief financial officer (CFO) is that controllers focus on detailed financial reporting and…
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Taxes Jul 3, 2024Top 15 Tax Deductions for High Earners
High-income earners often face substantial income taxes every year. However, with strategic financial planning, it’s possible to significantly reduce taxable income and maximize available tax deductions.
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Resources Jun 27, 2024CFO vs VP of Finance
Chief Financial Officer (CFO) and Vice President of Finance (VP of Finance) are two high-level finance roles. These professionals oversee different aspects of a company’s finances and work to ensure maximum profitability.
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Entity Structuring Jun 19, 2024Best Business Structure for Asset Protection
The best business structures for asset protection are limited liability companies—because of their inherent asset protection and flexibility—and corporations due to their more robust asset protection mechanisms.
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Transaction Advisory Jun 11, 2024M&A Integration Finance Checklist for Future Success
Mergers and acquisitions are often motivated by an expectation of revenue synergy and cost savings. However, the desired outcomes will only be achieved if you take a strategic and comprehensive approach to financial planning and execution before and throughout the…
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Entity Structuring Jun 5, 2024Best Business Structure for Real Estate Investors
The best business structure for real estate investors is generally a limited liability company (LLC) because it offers liability protection, tax flexibility, and ease of management.
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