When you make a large fortune, your tax liability is a small fortune. So, what’s a billionaire to do if he or she wants to protect that fortune? And can you take advantage of the same opportunities? Here’s how a few billionaires did it: Converting High-Tax-Rate Trading to Low-Tax-Rate Income was a strategy used by Jeff Yass of the Wall Street firm, Susquehanna International Group, created tax savings of over… Read More
Why a Pre-Mortem Analysis for Any New Atlanta Business Is Necessary
Failure usually isn’t on your mind this time of year. In fact, it’s the opposite. In January, you’re thinking of ways to make your Atlanta business succeed. You’re looking at last year’s data and setting growth goals. There’s excitement in the air, and you’re buzzing with optimism. But that doesn’t always help you see clearly what happens if you fail. So, what if you considered failure now, you know, as… Read More
Is this the Year you add an HSA to your Tax Strategy?
Why are HSAs (Health Savings Accounts) so popular with financial advisors? They offer numerous benefits: Tax-deductible contributions for those with eligible high-deductible health plans. Tax-free investment growth and income. Tax-free withdrawals at any age to pay for qualified medical expenses. Tax Return Deduction even if you don’t itemize. Add to these tax benefits the fact that earned interest is not taxable. Furthermore, any leftover contributions roll over into the next… Read More
Take out your Tax Legislation Crystal Ball. It’s Election Year.
It’s anyone’s guess as to how political events will unfold this year. One thing is certain, though. The outcome will have long-lasting effects on tax policy and will affect you and your business. Some proposed amendments are currently before the House Ways and Means Committee which, if passed, could affect your bottom line. They include proposals: To amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping… Read More
All About BOI Reporting for Atlanta Business Owners
[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.24.2″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] It seems business leaders aren’t worried about recession anymore. At least that’s what the annual World Economic Forum decided last week. Economic experts and business leaders are saying that we’re not likely to see a U.S. recession in 2024. The… Read More
5 Customer Loyalty Strategies for Atlanta Small Businesses
“Save more” is a new year goal a lot of people put on their list, but it’s proven to be a difficult one to reach the last few years. In your Atlanta business, it’s likely some of your employees fall in this category — especially for those in lower income brackets. Thanks to the Secure Act 2.0, there are ways you can help support your employees in building an emergency… Read More