Navigating the tax system in Spain can be challenging for business owners, but it’s essential to take advantage of the available strategies to reduce your tax liabilities. Spain offers a range of tax-saving opportunities that can help business owners manage their finances more effectively and retain a larger portion of their profits. Understanding these strategies … Read more
For years now, dividend tax rates have been increasing. In addition investors have been hit with a massive reduction in the already miserly tax-free dividend allowance. Let’s run through the current dividend tax rates and allowances. We’ll then consider how we got here, and what you can do about it. Dividend tax rates and allowances … Read more
The tax year runs from 6 April to 5 April the next year. This means that the most crucial UK tax deadline occurs every April. That’s because there exist various annual allowances and tax reliefs that you need to make use of to legally mitigate your income tax bill and stop taxes devouring your investment … Read more
On February 6, 2025, the White House announced a series of tax cuts primarily benefitting the middle class and retirees. Here’s what’s on the table: No tax on tips No tax on Social Security benefits for seniors No tax on overtime pay Renewing the Trump Tax Cuts from the 2017 Tax Cuts and Jobs Act Adjusting the … Read more
Health Savings Accounts (HSAs) have become an increasingly popular tool for financial advisors and their clients due in part to the ‘triple tax savings’ they offer: tax-deductible contributions, tax-free growth, and non-taxable distributions for qualifying expenses. However, HSAs require individuals to be covered by a High Deductible Health Plan (HDHP), which has tradeoffs compared to … Read more