Tax Preparation

Self-employed business owner reviewing tax documents with a calculator and laptop to calculate self-employment taxes.

What Are Self-Employment Taxes?

Freelancers, contractors, and small business owners often get their first real surprise at tax time when they realize a W-2 employee’s paycheck and their own income get taxed very differently. Self-employment tax is usually the culprit. Our team fields this question constantly from clients who are self-employed for the first time, so we wanted to

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Individual-Tax-Strategies

Trust Taxation: How Trusts Are Taxed

Understanding trust taxation is an essential part of effective estate and tax planning. Trusts can help protect assets, provide for beneficiaries, reduce estate taxes, and simplify the transfer of wealth. However, the tax treatment of a trust depends on how it is structured and whether the trust’s income is retained or distributed. This guide provides

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