Disclaimer: This article does not constitute legal advice. Please consult with an attorney. The Corporate Transparency Act (CTA) is a groundbreaking piece of legislation enacted by Congress as part of the National Defense Authorization Act (NDAA) on January 1, 2021. The CTA aims to enhance the United States’ anti-money laundering laws and improve the country’s safeguards against illicit financial activities. …

Last week we explored 7 ways to show your finances and your family some love with smart, tax-advantaged financial tips for the new year: Make a Qualified Charitable Distribution (QCD) Front-load Your 401(k) Contributions Set Up an IRA for a Child Make Donations During Spring Cleaning Give the Gift of Appreciated Stock Shares Establish a 529 College Plan Make a …

This week, we explore seven tax planning tips that not only secure your financial future but also spread love and prosperity to those you cherish most. Now I know what you’re thinking – that doesn’t sound as fun or showy as a fancy night, a bouquet of flowers, or even a night in with Netflix. But trust me, making smart …