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Set Your Financial Goals for 2025: A Strategic Approach to Building Your Wealth

Yardley Wealth Management

The post Set Your Financial Goals for 2025: A Strategic Approach to Building Your Wealth appeared first on Yardley Wealth Management, LLC. Set Your Financial Goals for 2025: A Strategic Approach to Building Your Wealth by Michael J. For 2025, consider implementing tax-loss harvesting strategies in your investment accounts.

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All the Tax Benefits You Need for Your Small Business

Harness Wealth

Understanding business meal deductions Business meals continue to serve as a valuable tax deduction in 2025, with most qualifying expenses being 50% deductible when they involve legitimate business discussions with clients, customers, or associates.

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What is a BOI Report and How Do You File One?

Harness Wealth

Certification statement: Carefully read the certification statement and check the box to confirm your agreement. Consulting with a legal or tax professional is recommended. While the CTA remains law, BOI reporting obligations are currently on hold (Feb 2025) due to an ongoing nationwide injunction (Smith v.

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Essential Steps to Creating a Comprehensive Estate Plan

WiserAdvisor

Investment and retirement accounts : Stocks, bonds, mutual funds, IRAs, 401(k)s, pension plans. Bank accounts : Checking, savings, fixed deposits, certificates of deposit (CDs). Irrevocable trusts are especially beneficial for high-net-worth individuals seeking asset protection or estate tax reduction strategies.

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Talent Acquisition in the Tax Industry: Addressing the Ongoing Shortage

Harness Wealth

Delivering accurate and timely compliance requires enough personnel with the necessary expertise, and the shortage is compromising this fundamental aspect of tax practice. Firms should evaluate their needs and identify roles that can be structured on a contract or freelance basis to attract professionals who prefer this work style.

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5 Questions to Ask When Choosing a Tax Advisor

Harness Wealth

Some platforms, such as Harness, maintain networks of vetted tax advisors with expertise in a variety of fields, making it easy to get introduced to specialists when needs arise. Some tax advisors specialize in tax planning, while others may concentrate on auditing, financial consulting, or simply annual tax filing.

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Tax Strategies for Independent Medical Professionals

Harness Wealth

To minimize your tax liability, its important to document every business expense, such as: Travel : airfare, lodging, rental cars Professional fees : licensing, malpractice insurance Education : continuing medical education or certifications Note: Record all expenses associated with your work as an independent contractor.

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