IRS Releases Standard Mileage Rates for 2025

The IRS has increased the optional standard mileage rates for computing the deductible costs of operating an automobile for business purposes for 2025. However, the standard mileage rates for medical and moving expense purposes remain the same for 2025. The standard mileage rate for computing the deductible costs of operating an automobile for charitable purposes…

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Q4 2024 Market Commentary: A Year-End Rally Caps Off a Robust Year 

As we closed the books in 2024, the financial markets have delivered an impressive performance, defying early-year skepticism and rewarding patient investors. The fourth quarter saw a continuation of the year’s positive momentum, with major stock market indices reaching new heights and the broader market participation expanding. We’re reminded that steering away from the negative…

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Year-End Charitable Giving

With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with charitable giving could potentially enhance your ability to give and should…

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2024 Annual Tax Planning & Strategy Guide

2024 Annual Tax Planning & Strategy Guide We are pleased to announce the delivery of our 2024 Year-End Tax Planning and Strategy Guide. This comprehensive guide is designed to help you navigate the upcoming tax landscape, optimize your tax & financial planning, and identify key strategies now and for the year ahead. In this guide, you…

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2024 Year-End Tax Tips

Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next year Consider opportunities to defer income to 2025, particularly if you think you may be in a lower tax bracket then. For example, you may be able to defer a…

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Congratulations to Laura Jagdman, CPA!

We’re thrilled to announce a significant leadership update. Laura Jagdman, CPA has been promoted to Director of Tax. This promotion reflects Laura’s significant contributions to our firm and expanded responsibilities in overseeing our tax team. Laura will lead our tax team, focusing on: – Business/Personal/Entity tax preparation – Strategic tax advice & planning – Quality…

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2024 Q3 Market Commentary

The season is changing, and the leaves are turning from green to red before they tumble down. Fortunately, the markets are behaving the opposite of nature’s forces – starting with a stock market which has gone from red to green which avoided any semblance of a bear market drop. Domestic equities have soared to record…

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After a Massive Breach, Is Your Data in Danger?

National Public Data, a consumer data broker, confirmed last week that a hacker had targeted the company in December 2023, “with potential leaks of certain data in April 2024 and summer 2024.”Other reports indicate that this leaked data had been found on the dark web and could include the names, addresses, phone numbers, and Social…

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