Tag: business owner tax planning

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Business Owners

What To Do With Business Sale Proceeds

Jim Lorenzen, CFPÂ®, AIFÂ® When you receive business sale proceeds, you’ll likely pay a capital gains tax; but, that may not be the end

October 30, 2017

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Business Owners

Business Owners Face Potential Tax Law Changes

Jim Lorenzen, CFPÂ®, AIFÂ® 1954 1986 2017 What do those years have in common? If you guessed those were the years of major tax reform,

October 16, 2017

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Jim's Money Blog

No Tax on Social Security Benefits?

January 27, 2025

We all love free money; and no taxes on Social Security sounds good! Hey, Social Security benefits weren’t taxed for many years!

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Get Ready for Some Possible Tax Increases!

August 5, 2024

As you may or may not know, the Tax Cuts and Jobs Act is due to expire at the end of next year – just 16 months from now. The Biden Administration has proposed new tax increases worth knowing about.