News & Insights
Stay informed with the latest insights, analysis, and guidance from EHTC's team of accounting, tax, and advisory professionals.
2024 Year-End Tax Planning for Individuals
As we approach the end of the year, now is the time for individuals, business owners, and family offices to review their 2024 and 2025 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.
Maximize Your Wealth Transfer Opportunities Before 2026
The current tax landscape offers a unique opportunity to transfer wealth across generations with optimal tax efficiency. However, the beneficial provisions of the Tax Cuts and Jobs Act (TCJA) will sunset at the end of 2025, which may significantly impact estate planning strategies. With this in mind, high-net-worth families and individuals should consider the available strategies to mitigate future tax liabilities and preserve wealth for future generations.
Challenges in Business Succession Planning: Cash Flow Strategies for Estate Tax Liabilities
For business owners with significant holdings, estate tax liabilities can pose unexpected and considerable challenges, potentially disrupting both the payment of estate taxes and the ongoing operations of the business. Developing a tax-efficient business succession plan is crucial to preserving wealth while ensuring the smooth transfer of business ownership.
We May Never See a Better Environment for Transferring Wealth … Here’s Why
It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025.
In this article, we explain why 2024 is an ideal year to prioritize your wealth transfer plans!
The Importance of the Working Capital Calculation in Mergers and Acquisitions
Working capital is an extremely important part of any transaction and often causes confusion. It is important buyers and sellers fully understand the importance of the working capital PEG and how it affects the business transaction.
Navigating Standard vs. Itemized Deductions: A Thoughtful Consideration
As we approach tax season, it's understandable that the process can become a source of stress! Life changes prompt us to reevaluate our financial strategies, and it might be the opportune moment to contemplate the shift away from opting for the standard deduction and towards itemizing your deductions. Here’s how to get started!
Corporate Transparency Act (CTA) — Beneficial Ownership Information Reporting
Starting in 2024, the Corporate Transparency Act (“CTA”) mandates certain entities (primarily small and medium-size businesses) created in or registered to do business in the United States report information about their beneficial owners—the individuals who ultimately own or control a company—to the Financial Crimes Enforcement Network (“FinCEN”).
As Your Wealth Grows, Think Beyond Your Balance Sheet
Acquiring wealth is the first step in building a family wealth enterprise, but only just the beginning. Having access to information that helps you manage the complexities of that wealth and avoid future costly mistakes is critical to long-term success.
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