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Mamdani Scraps Property Tax Hike, Counts Second-Home Revenue
New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers’ property taxes — an unpopular measure he threatened to use to help close a two-year deficit.Read full article on original site
Bezos Family Anchors Robin Hood Endowment With $100 Million Gift
The Robin Hood Foundation said it’s well on its way to reaching its $1 billion goal for a permanent endowment, with a $100 million anchor gift from the Bezos family.Read full article on original site
Milken to Debut Toronto Summit as Canada Draws Global Elite
The Milken Institute is planning its first summit in Toronto later this year as Prime Minister Mark Carney’s push to get the attention of global investors gains traction.Read full article on original site
Lake Tahoe Power Crunch Shows AI’s Growing Energy Toll in West
Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in the lakeside towns below.Read full article on original site
Hamptons Home Rentals for $100,000 Sit Empty Ahead of US Open Golf Weekend
A glut of housing supply is reducing prices for the tournament at Shinnecock Hills Golf Club.Read full article on original site
Epstein Island’s Billionaire Owner Is Battling Zealous Voyeurs
The latest reports from “Little St. Jeff’s,” the notorious Caribbean hideaway of Jeffrey Epstein, are startling.Read full article on original site
Atlas Co-Founder Gives WashU $200 Million for New Health School
Andrew Bursky and his wife pledged $200 million through their family foundation to name a newly created school of public health at Washington University in St. Louis.Read full article on original site
Why US Inflation Matters for British Investors
The threat of rising US interest rates could have a knock-on effect for assets across the board.Read full article on original site
With Inflation on Rise, I Bonds Are Luring Investors Again
Investors won’t get eye-popping 9.62% returns, but today’s I bonds lock in steady, inflation-adjusted returnsRead full article on original site
Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks
Prime Minister Narendra Modi has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange reserves, a surprising appeal in a country where the metal plays a vital role in savings, weddings and religious festivals.Read full article on original site
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Tax Considerations for Data Center Projects in the Age of AI
Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years.Why REITs Have…
Filing Your 2026 Tax Return? The Stakes Just Got Higher
Picture two things happening at the same time. The agency responsible for reviewing your tax return is understaffed and buried under a backlog, and the software that the agency uses to catch filing errors just keeps getting better.That combination should give any taxpayer pause this season. Not because an audit is necessarily coming, but because…
Filing Your 2025 Taxes? Why Accuracy Matters More Than Ever This Year
Tax season is here, and while the IRS opened its doors for 2025 returns on Jan. 26, with the familiar April 15 deadline intact, this year's filing experience is shaping up to be anything but routine. A perfect storm of workforce cuts, rushed new tax breaks, and strained systems means that getting your return right…
What to Expect from U.S. Tax Policy in 2026
After a whirlwind 2025 that produced what may be the largest tax bill in American history, the coming year looks dramatically different. Tax policy experts are predicting a legislative standstill, a turbulent tax filing season, and lingering questions about how new provisions will work when put into practice.A Year of Legislative GridlockThe forecast for 2026…
What Families Need to Know About the New Trump Accounts
American parents now have access to a completely new savings tool designed to give children a financial foundation for the future. Established through The One Big Beautiful Bill Act, these accounts carry the name of the current president and come with a unique set of rules that the IRS has just begun to clarify.Who Can…
Seven Tax Moves to Make Before 2025 Ends - Year-End Tax Planning
Tax planning feels like homework nobody wants to do, but here's the reality: real money is sitting on the table. The One Big Beautiful Bill Act changed the rules this year, and most people are still figuring out what matters for their wallets.Max Out Everything While You CanHere's something many people miss. Every Dec. 31,…
The Hidden Tax Trap Keeping America's Housing Market Frozen
America's housing crisis has reached a breaking point. With median home prices soaring past $400,000, the National Association of Home Builders reports that 60 percent of U.S. households can't even afford a $300,000 home. The math has become impossible for most American families.While we often blame high mortgage rates, restrictive zoning laws and rising construction…
Initial Look at the New Tax Form Schedule 1-A: Four Key Deductions for 2025
The IRS has released draft Schedule 1-A, introducing four new temporary deductions within the One Big Beautiful Bill Act. If you are wondering what the new form looks like and how the calculations work, read on as we explore each below.Modified Adjusted Gross Income (MAGI)It is important to note that all four deductions require calculating…
How to Reduce the Burden of IRA Required Minimum Distributions
Required minimum distributions (RMDs) from traditional IRAs and 401(k)s often become a significant tax burden during retirement. As the percentage of your IRA that must be distributed increases each year, many retirees face higher adjusted gross income and increased exposure to stealth taxes. However, with strategic planning, you can transform RMDs from burdens into opportunities.Timing…
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Tax Considerations for Data Center Projects in the Age of AI
Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years.Why REITs Have…
Filing Your 2026 Tax Return? The Stakes Just Got Higher
Picture two things happening at the same time. The agency responsible for reviewing your tax return is understaffed and buried under a backlog, and the software that the agency uses to catch filing errors just keeps getting better.That combination should give any taxpayer pause this season. Not because an audit is necessarily coming, but because…
Filing Your 2025 Taxes? Why Accuracy Matters More Than Ever This Year
Tax season is here, and while the IRS opened its doors for 2025 returns on Jan. 26, with the familiar April 15 deadline intact, this year's filing experience is shaping up to be anything but routine. A perfect storm of workforce cuts, rushed new tax breaks, and strained systems means that getting your return right…
What to Expect from U.S. Tax Policy in 2026
After a whirlwind 2025 that produced what may be the largest tax bill in American history, the coming year looks dramatically different. Tax policy experts are predicting a legislative standstill, a turbulent tax filing season, and lingering questions about how new provisions will work when put into practice.A Year of Legislative GridlockThe forecast for 2026…
May 2026
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Tax Considerations for Data Center Projects in the Age of AI
Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years.Why REITs Have…
What to Expect with an IRS Audit
If the IRS sends notice that you’re being audited, you’re likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect – and how to respond – can…
April 2026
Filing Your 2026 Tax Return? The Stakes Just Got Higher
Picture two things happening at the same time. The agency responsible for reviewing your tax return is understaffed and buried under a backlog, and the software that the agency uses to catch filing errors just keeps getting better.That combination should give any taxpayer pause this season. Not because an audit is necessarily coming, but because…
Natural Disaster-Proof Your Finances
Hurricanes, floods, wildfires, tornadoes and earthquakes are becoming more severe and more frequent with each passing year. Without sufficient protection, these events can cause lasting financial disruption. While no one can prevent a natural disaster, preparing your finances in advance is one of the most practical forms of crisis readiness.Build a Financial Safety NetSave at…
March 2026
Filing Your 2025 Taxes? Why Accuracy Matters More Than Ever This Year
Tax season is here, and while the IRS opened its doors for 2025 returns on Jan. 26, with the familiar April 15 deadline intact, this year's filing experience is shaping up to be anything but routine. A perfect storm of workforce cuts, rushed new tax breaks, and strained systems means that getting your return right…
The Value of Diversifying with International Stocks
When investors think about building a strong equity portfolio, U.S. stocks often dominate the conversation. The United States is home to many of the world’s most innovative, profitable, and well-known companies, and has a history of delivering strong long-term returns. However, the United States is not the only country with successful, growth-oriented businesses. In fact,…
February 2026
What to Expect from U.S. Tax Policy in 2026
After a whirlwind 2025 that produced what may be the largest tax bill in American history, the coming year looks dramatically different. Tax policy experts are predicting a legislative standstill, a turbulent tax filing season, and lingering questions about how new provisions will work when put into practice.A Year of Legislative GridlockThe forecast for 2026…
Scam-Proof Guidelines for Wiring Money
Wiring money is like sending cash: Once you’ve sent it, it’s gone. It is very difficult to retrieve – in fact, more difficult than recovering physical dollar bills.For businesses, always call the recipient to verify ACH details before sending; this is required by law in 50 states. This law does not require calling, but if the sender's…
January 2026
What Families Need to Know About the New Trump Accounts
American parents now have access to a completely new savings tool designed to give children a financial foundation for the future. Established through The One Big Beautiful Bill Act, these accounts carry the name of the current president and come with a unique set of rules that the IRS has just begun to clarify.Who Can…
May 2026
What to Expect with an IRS Audit
If the IRS sends notice that you’re being audited, you’re likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect – and how to respond – can…
Understanding the EV/2P Ratio
When it comes to raw materials, especially for fossil fuels, it's essential to evaluate existing and potential production capabilities for such companies. Using the EV/2P Ratio is a powerful tool when evaluating fossil fuel-related companies.Defining the RatioThis ratio is calculated by dividing a business’ enterprise value into the company's reserves. It provides financial analysts, investors…
April 2026
Natural Disaster-Proof Your Finances
Hurricanes, floods, wildfires, tornadoes and earthquakes are becoming more severe and more frequent with each passing year. Without sufficient protection, these events can cause lasting financial disruption. While no one can prevent a natural disaster, preparing your finances in advance is one of the most practical forms of crisis readiness.Build a Financial Safety NetSave at…
Understanding Cash EBITDA
While Cash EBITDA isn’t recognized by generally accepted accounting principles (GAAP), it’s a way for company owners and investors to account for deferred revenue during valuation modeling. This financial metric measures a business’ year-over-year change in postponed revenue to analyze a company’s financial situation.Defining EBITDABefore Cash EBITDA is defined, EBITDA must be defined.EBITDA = earnings…
March 2026
The Value of Diversifying with International Stocks
When investors think about building a strong equity portfolio, U.S. stocks often dominate the conversation. The United States is home to many of the world’s most innovative, profitable, and well-known companies, and has a history of delivering strong long-term returns. However, the United States is not the only country with successful, growth-oriented businesses. In fact,…
Understanding Qualifying Dispositions
With 57 percent of public companies offering their workers employee stock purchase plans (ESPPs), according to the National Association of Stock Plan Professionals (NASPP), understanding how qualifying dispositions work is an essential skill.The concept refers to someone selling or otherwise “disposing” of equities who sees advantageous tax benefits. This is especially pronounced when a stockholder’s…
February 2026
Scam-Proof Guidelines for Wiring Money
Wiring money is like sending cash: Once you’ve sent it, it’s gone. It is very difficult to retrieve – in fact, more difficult than recovering physical dollar bills.For businesses, always call the recipient to verify ACH details before sending; this is required by law in 50 states. This law does not require calling, but if the sender's…
Understanding the Equity Multiplier
Whether you are an investor, an owner, or an internal financial analyst, understanding how the equity multiplier works and how to interpret it is a helpful skill.Defining the Equity MultiplierThe equity multiplier is a metric that tells the user what percentage of the company’s assets are loaned against shareholders’ equity. The smaller the calculated number…
January 2026
What Seniors Actually Got in the Latest Tax Bill
Campaign messaging would have you believe retirees just scored a major victory. The talking point is everywhere: Social Security benefits are now tax-free. But anyone who reads the One Big Beautiful Bill Act will discover something different. The legislation contains nothing that removes Social Security from federal taxation. Zero provisions. The tax structure that has…
Defining An Activity Cost Driver
An activity cost driver is anything that causes a company's variable costs to either reduce or grow. Since measuring an activity cost driver is a way to streamline the administration of managing production costs, it’s an integral part of activity-based costing.Examples of activity-cost drivers are warehouse expenses, modifying engineering designs, and retooling, setup, and maintenance…
December 2025
Long Term Care Insurance Options
In 2024, the median household income in the United States was $83,730. However, the national average annual cost of 24-hour paid long-term care (LTC) for a retiree age 65 and older was more than $125,000, according to the Department of Health and Human Services. Moreover, one in five seniors will require care for more than…
How to Account for Accretion
Whether it’s an individual investor or a business owner looking to increase their earning power, understanding how accretion works is essential for individual and business investors to make the correct decisions going forward.How Accretion Works for BondsAccretion is the gradual increase of a bond’s value over time. As a bond moves toward its maturity date,…
November 2025
New Rules for Inherited Traditional IRA Distributions
The rules for IRAs inherited after 2020 changed when Congress passed the Secure Act in 2019. The new rules eliminated the opportunity for non-spousal beneficiaries to “stretch” inherited IRA earnings over their own lifetime. Up until this year, required minimum distributions (RMDs) and associated penalties were waived while the IRS clarified the new rules; but…
Understanding The Q Ratio
When it comes to evaluating a business, there are many ways to perform a valuation. One way to do so is to use the Q Ratio. Known as Tobin's Q Ratio or simply the Q Ratio, this method looks at the proportion between the values of a physical asset and its replacement cost. Developed by…
October 2025
Ideas for Small Business Succession Planning
It can be hard to build up your own business, but it can be harder to sell it for what it’s worth. In fact, only around three in 10 family-owned businesses survive for the next generation. Whether family-owned or in a partnership of non-family owners, business succession is no easy feat.Succession PlanningIt is very important…
Understanding Contribution Margin After Marketing
Contribution margin after marketing (CMAM) measures how much money is generated per unit retailed after factoring in a company's variable costs, along with marketing costs.It's analogous with contribution margin, however, a business must factor in marketing costs the company experiences when publicizing a good to likely consumers with details on the business' wares. This metric…
September 2025
Cashless Charitable Contributions
Not everyone can make large charitable contributions. But there are ways to be charitable without spending your discretionary income while at the same time lowering your tax bill. Even those who can make large donations benefit from the tax advantages of a cashless donation. The following are ideas for cashless contributions to causes you are…
How to Evaluate Accounts Receivables
According to the Federal Reserve Bank of St. Louis, collection agencies saw $16.28 billion in revenue in 2019. While revenues have declined somewhat in recent years, unpaid invoices are still big business. Accounts receivable aging reports can help companies identify and mitigate unpaid invoices and potentially lower a business’ need to send unpaid invoices to…
August 2025
Young Adults: Why Buy Life Insurance?
Young adults may not see much reason to purchase life insurance, especially if they have no dependents and/or a partner who makes plenty of money. However, there are several reasons why folks in this situation would want to consider various forms of life insurance.To Pay Off DebtLet’s say your parents cosigned for your student loans,…
Understanding Depreciation Recapture
When it comes to businesses and asset depreciation, there are many types available, such as straight-line, units of production, double declining balance, and sum of years digits. While these aren't the only ones, they are available via the IRS code and help businesses reduce their taxable income. However, under certain circumstances, businesses have to be…
What to Expect with an IRS Audit
If the IRS sends notice that you’re being audited, you’re likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect – and how to respond – can…
Natural Disaster-Proof Your Finances
Hurricanes, floods, wildfires, tornadoes and earthquakes are becoming more severe and more frequent with each passing year. Without sufficient protection, these events can cause lasting financial disruption. While no one can prevent a natural disaster, preparing your finances in advance is one of the most practical forms of crisis readiness.Build a Financial Safety NetSave at…
The Value of Diversifying with International Stocks
When investors think about building a strong equity portfolio, U.S. stocks often dominate the conversation. The United States is home to many of the world’s most innovative, profitable, and well-known companies, and has a history of delivering strong long-term returns. However, the United States is not the only country with successful, growth-oriented businesses. In fact,…
Scam-Proof Guidelines for Wiring Money
Wiring money is like sending cash: Once you’ve sent it, it’s gone. It is very difficult to retrieve – in fact, more difficult than recovering physical dollar bills.For businesses, always call the recipient to verify ACH details before sending; this is required by law in 50 states. This law does not require calling, but if the sender's…
What Seniors Actually Got in the Latest Tax Bill
Campaign messaging would have you believe retirees just scored a major victory. The talking point is everywhere: Social Security benefits are now tax-free. But anyone who reads the One Big Beautiful Bill Act will discover something different. The legislation contains nothing that removes Social Security from federal taxation. Zero provisions. The tax structure that has…
Long Term Care Insurance Options
In 2024, the median household income in the United States was $83,730. However, the national average annual cost of 24-hour paid long-term care (LTC) for a retiree age 65 and older was more than $125,000, according to the Department of Health and Human Services. Moreover, one in five seniors will require care for more than…
New Rules for Inherited Traditional IRA Distributions
The rules for IRAs inherited after 2020 changed when Congress passed the Secure Act in 2019. The new rules eliminated the opportunity for non-spousal beneficiaries to “stretch” inherited IRA earnings over their own lifetime. Up until this year, required minimum distributions (RMDs) and associated penalties were waived while the IRS clarified the new rules; but…
Ideas for Small Business Succession Planning
It can be hard to build up your own business, but it can be harder to sell it for what it’s worth. In fact, only around three in 10 family-owned businesses survive for the next generation. Whether family-owned or in a partnership of non-family owners, business succession is no easy feat.Succession PlanningIt is very important…
Cashless Charitable Contributions
Not everyone can make large charitable contributions. But there are ways to be charitable without spending your discretionary income while at the same time lowering your tax bill. Even those who can make large donations benefit from the tax advantages of a cashless donation. The following are ideas for cashless contributions to causes you are…
Young Adults: Why Buy Life Insurance?
Young adults may not see much reason to purchase life insurance, especially if they have no dependents and/or a partner who makes plenty of money. However, there are several reasons why folks in this situation would want to consider various forms of life insurance.To Pay Off DebtLet’s say your parents cosigned for your student loans,…
May 2026
What to Expect with an IRS Audit
If the IRS sends notice that you’re being audited, you’re likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect – and how to respond – can…
April 2026
Natural Disaster-Proof Your Finances
Hurricanes, floods, wildfires, tornadoes and earthquakes are becoming more severe and more frequent with each passing year. Without sufficient protection, these events can cause lasting financial disruption. While no one can prevent a natural disaster, preparing your finances in advance is one of the most practical forms of crisis readiness.Build a Financial Safety NetSave at…
March 2026
The Value of Diversifying with International Stocks
When investors think about building a strong equity portfolio, U.S. stocks often dominate the conversation. The United States is home to many of the world’s most innovative, profitable, and well-known companies, and has a history of delivering strong long-term returns. However, the United States is not the only country with successful, growth-oriented businesses. In fact,…
February 2026
Scam-Proof Guidelines for Wiring Money
Wiring money is like sending cash: Once you’ve sent it, it’s gone. It is very difficult to retrieve – in fact, more difficult than recovering physical dollar bills.For businesses, always call the recipient to verify ACH details before sending; this is required by law in 50 states. This law does not require calling, but if the sender's…
January 2026
What Seniors Actually Got in the Latest Tax Bill
Campaign messaging would have you believe retirees just scored a major victory. The talking point is everywhere: Social Security benefits are now tax-free. But anyone who reads the One Big Beautiful Bill Act will discover something different. The legislation contains nothing that removes Social Security from federal taxation. Zero provisions. The tax structure that has…
December 2025
Long Term Care Insurance Options
In 2024, the median household income in the United States was $83,730. However, the national average annual cost of 24-hour paid long-term care (LTC) for a retiree age 65 and older was more than $125,000, according to the Department of Health and Human Services. Moreover, one in five seniors will require care for more than…
November 2025
New Rules for Inherited Traditional IRA Distributions
The rules for IRAs inherited after 2020 changed when Congress passed the Secure Act in 2019. The new rules eliminated the opportunity for non-spousal beneficiaries to “stretch” inherited IRA earnings over their own lifetime. Up until this year, required minimum distributions (RMDs) and associated penalties were waived while the IRS clarified the new rules; but…
October 2025
Ideas for Small Business Succession Planning
It can be hard to build up your own business, but it can be harder to sell it for what it’s worth. In fact, only around three in 10 family-owned businesses survive for the next generation. Whether family-owned or in a partnership of non-family owners, business succession is no easy feat.Succession PlanningIt is very important…
September 2025
Cashless Charitable Contributions
Not everyone can make large charitable contributions. But there are ways to be charitable without spending your discretionary income while at the same time lowering your tax bill. Even those who can make large donations benefit from the tax advantages of a cashless donation. The following are ideas for cashless contributions to causes you are…
August 2025
Young Adults: Why Buy Life Insurance?
Young adults may not see much reason to purchase life insurance, especially if they have no dependents and/or a partner who makes plenty of money. However, there are several reasons why folks in this situation would want to consider various forms of life insurance.To Pay Off DebtLet’s say your parents cosigned for your student loans,…
