The Big Data Blog

Year-end Tax Planning

The more your business minimizes its tax liability, the better your bottom line. So, let’s look at some things you may be able to do...

Do You Know What Your Asset Allocation Is?

The financial markets have had their moments in 2023. And if you haven’t checked your portfolio and retirement plan asset allocations in...

When Should You Start Social Security Benefits

Before deciding to collect Social Security benefits, consider these tips to help you make an informed decision. TIMING MATTERS If you...

Roll Over Excess 529 Funds to a Roth IRA

Starting in 2024, 529 educational savings plans will become even more attractive with enhanced tax benefits. If your student receives...

Tax Return Extensions

You are entitled to a six-month extension if you need more time to file your tax return by the April 18 deadline, but you must let the...

Generation-Skipping Transfer Tax Basics

The generation-skipping transfer tax (GSTT) is another transfer tax akin to the gift and estate tax. WHAT IS THE GSTT The GSTT applies to...

2023 Tax Updates

Note these 2023 tax updates for both businesses and individuals. PAYROLL TAXES For 2023, the limit on wages subject to Social Security...