In this world nothing can be said to be certain, except death and taxes. – Benjamin Franklin Taxes are inevitable, but with careful planning, individuals and businesses can significantly reduce their tax liability and keep more of their hard-earned money. Many people wait until tax season to think about their obligations, only to be surprised by an unexpected tax bill. However, tax planning isn’t just about filing returns—it’s about taking proactive steps throughout the year
We all dream of retiring and enjoying the freedom we’ve worked so hard for. But as retirement approaches, so does a flood of questions: Will my savings last? Have I saved enough? How much will I pay in taxes? The uncertainty can feel overwhelming. In this blog, we’ll address some of the most pressing retirement questions so you can plan with confidence and peace of mind. How Long Will Your Savings Last? One of retirees’
At Wilson Hand, we specialize in designing tax strategies that help our clients reduce their tax liabilities and position them for financial growth. Here, we break down the key programs we offer, their benefits, and the types of deductions available to help you achieve your financial goals. 1. EquipLease: A Profitable Tax Deduction Strategy Overview: EquipLease allows individuals and business owners to acquire a 1/8th share in premium material staging equipment. Benefits: • Leverage
High-income earners know the importance of planning when it comes to their finances. This planning goes beyond retirement and savings. It is that time of the year again. Not only is it the fourth quarter, but also the holiday season, it is time to start thinking about how they will reduce their tax obligation. As we rush towards the end of the year, it’s crucial to start planning for tax season now. By taking a
Many commercial real estate (“CRE”) owners make the mistake of thinking Section 1031like-kind exchanges will always be the most tax efficient way to realize the gains on theirappreciated property. This reasoning ignores two important considerations: 1) Owners that want to cash out some or all their investment are likely out of luck; and2) 1031 Exchanges merely defer the taxes – leaving owners with an ever-growing tax billwhen they finally cash out. 1031 Exchanges allow CRE