Tax basics for setting up a business Starting a new business can seem overwhelming for new entrepreneurs or even seasoned professionals. The IRS has resources to help new business owners understand the tax responsibilities of running a business. Here are a few things any entrepreneur needs to do when starting their business. Choose a business structure The form [...]

Learn about Structured Income Notes and how they can be incorporated into your portfolio as a "buffer" strategy. Watch Video Now

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Why consider advanced tax planning and what can it do for you.  My colleague, Antonio Lugo has put together a short video: WATCH VIDEO

Here is a sample of what forward tax planning can do for you!   Joe Sample and Jane Sample 2022 - Forward Planning Tax Report

  Tax planning doesn’t stop after a taxpayer files a tax return Just because a taxpayer filed a tax return doesn’t mean they should forget taxes until next year. What a taxpayer does now may affect the tax they owe or the refund they may receive next year. Here are some simple year-round tax planning [...]

Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. When selling a home, homeowners should think about: Ownership and use To claim the exclusion, the taxpayer must meet ownership and use tests. During the five-year [...]

CIO NOTE from Mark DiOrio, Brookstone Capital Management What Happened? Silicon Valley Bank was shut down by regulators on Friday, March 10. This is the second largest bank failure by size (unadjusted for inflation) in U.S. history. This is a standard regulatory practice when a bank begins to either have liquidity or solvency issues. Who [...]

What is the Financial Outlook for Women Planning for Retirement? The gender landscape across American industries is evolving. Today, women continue to make up nearly half of the workforce in the United States.1They own more than 12 million businesses2and are the sole or primary breadwinners for 42 percent of families with children under 18.3 But, [...]

Examining a long-held retirement assumption.Provided by Carla MerlakA classic retirement preparation rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to [...]