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Business Succession Planning: Key Strategies for a Smooth Transition

December 31, 2024November 13, 2024

BUSINESS MANAGEMENT | 11/13/2024 Plan Your Business’s Future: Succession and Owner Transition Strategies The impending generational wealth transfer underscores the importance of effective business succession and transition planning. Preparing for the future can help define your company’s trajectory, secure your legacy, and protect your wealth. Transitioning a business is complex, but proactive planning, adaptability, and …

Navigating Change: Adapting Your Estate Plan to Potential Gift Tax Exemption Shifts

December 8, 2024November 12, 2024

GIFT & ESTATE | 11/02/2024 Estate Planning: Securing Your Legacy and Reducing Taxes When it comes to your estate, thoughtful planning is essential to ensure your assets are distributed according to your wishes while minimizing estate taxes and other expenses. The potential expiration of the enhanced estate and gift tax exemptions under the Tax Cuts …

How a New President Could Affect the Consumer and Products Industry

December 14, 2024November 8, 2024

CONSUMER | 11/08/2024 The incoming President-elect Donald Trump administration’s suggested policies could have a significant impact on the retail sector. The costs of consumer goods, labor policies, interest rates, and the prospect of what may happen if the Tax Cuts and Jobs Act (TCJA) of 2017 sunsets in 2025 could all become major factors in …

Navigating Estate Planning: Adapting to Potential Changes in Gift Tax Exemptions

January 5, 2025November 2, 2024

GIFT & ESTATE | 11/02/2024 Adapting Your Estate Plan to Potential Changes in Gift Tax Exemptions At Chartered Consulting LLP, we understand that estate planning is a crucial process for ensuring your assets are distributed according to your wishes while minimizing taxes and expenses. With the Tax Cuts and Jobs Act (TCJA)’s enhanced estate and …

Mastering the Tax Maze: A Comprehensive Guide for E-Commerce Entrepreneurs

January 5, 2025October 31, 2024

CORPORATE TAX | 10/31/2024 For e-commerce entrepreneurs, navigating the complexities of tax regulations is a critical yet often overwhelming task. The rapidly evolving landscape of e-commerce taxation requires online business owners to understand tax guidelines and implement effective strategies. At Chartered Consulting, we’re here to help you master this tax maze. Whether you’re an experienced …

Maximizing Value Through Global Intangible Property and Technology Strategies

January 1, 2025October 30, 2024

SPECIAL REPORT | 10/30/2024 In today’s dynamic global market, intangible assets—such as intellectual property (IP), technology, and brand equity—are increasingly critical to a company’s growth and competitive edge. At Chartered Consulting, we help businesses navigate the complexities of managing intangible assets across borders to unlock their full potential and achieve sustainable success. The Importance of …

IRS Issues Guidance for Energy Efficient Home Improvement Credit

January 2, 2025October 22, 2024

TAX PLANNING | 10/22/2024 The Department of the Treasury and the Internal Revenue Service have issued Revenue Procedure 2024-31 PDF and proposed regulations to provide guidance for the Energy Efficient Home Improvement Credit. The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer (QM). To become a …

Are You Liable For Two Additional Taxes On Your Income ?

December 14, 2024October 18, 2024

INDIVIDUAL TAX | 10/18/2024 If you have a high income, you may be subject to two additional taxes: the 3.8% Net Investment Income Tax (NIIT) and the 0.9% Additional Medicare Tax on certain earnings. Here’s an overview of how these taxes work and strategies to help minimize their impact. 1 The 3.8% Net Investment Income …

Why an LLC Might Be the Ideal Choice for Your Small to Medium-Sized Business

January 5, 2025October 14, 2024

TAX PLANNING | 10/14/2024 Choosing the right business entity is a pivotal decision for any business owner. The entity you select impacts your tax obligations, personal liability, and other critical factors. For many small to medium-sized businesses, a Limited Liability Company (LLC) stands out as an attractive option, offering a unique combination of liability protection …

Remote Work Convenience Understanding Potential Tax Implications

December 8, 2024October 12, 2024

INDIVIDUAL TAX | 10/12/2024 Remote work has become a lasting arrangement for many industries, offering flexibility and benefits for both employers and employees. However, working remotely, especially across state lines, can lead to unexpected tax consequences. Whether you’re an employee or an employer, understanding these implications is essential to avoid surprises and ensure compliance. Tax …

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