2017, Compensation Planning and Estate Planning

Personal, estate, and business tax planning strategies for 2023

Nationwide Financial

MARCH 6, 2023

Informally fund nonqualified deferred compensation plans If the business has a nonqualified deferred compensation plan for key employees, it may make sense to informally fund that plan in 2023 to ensure the company has the cash flow to meet the future obligation. A few have already been mentioned.

Tax Planning

Tax Planning Taxes Planning Distribution

20 Ways to Reduce Your Taxes in 2024: A Guide for Founders, Startup Employees, and Executives

Harness Wealth

MARCH 11, 2024

It’s important to note that the Tax Cuts and Jobs Act of 2017 introduced a cap on SALT deductions, limiting the total deductible amount to $10,000 ($5,000 for married taxpayers filing separately). These taxes can include state and local property taxes, income taxes, and sales taxes.

Startup

Startup Taxes Medical Retirement

Financial Advisor Source

Personal, estate, and business tax planning strategies for 2023

20 Ways to Reduce Your Taxes in 2024: A Guide for Founders, Startup Employees, and Executives

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