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Category: Tax Planning

June 1, 2025

Maximizing Your Google Benefits: A Strategic Guide for 2025

Google provides an extensive range of benefits that can enhance your wealth, manage risk, and secure your future. By integrating Google’s compensation, retirement, and health benefits into your financial plan, you can better align these offerings with your long-term goals. Equity Awards Google’s stock units (GSUs) can be a powerful tool for achieving financial objectives. [...]

Katie Mietus
Contributions from: Katie Berntson, CFP®, Anne Marie Stonich, CFP®, CPA

May 29, 2025

Washington State Tax Changes: What Affluent Families and Business Owners Need to Know

On May 20, 2025, Washington State Governor Bob Ferguson signed a $78 billion state operating budget into law, significantly expanding state spending on public services, education, childcare, and early learning. To fund these initiatives, the Washington State Legislature passed several major tax reforms that will affect many of the state’s high-income residents, business owners, and [...]

Contributions from: Anne Marie Stonich, CFP®, CPA

May 20, 2025

Don’t let your windfall become a tax nightmare!

Everyone loves a windfall! That is, until they see the tax bill. There are a number of circumstances that can result in a large amount of unexpected income in a single year, which may be great for your savings, but could have unforeseen consequences when it comes to your tax return. For anyone who has [...]

Contributions from: Glen Goland, CFP®, JD, Matt Sampson, CFP®, CEPA®

April 10, 2025

Unlocking the Power of Roth Conversions for Long-Term Wealth Growth

As wealth managers, we often help clients navigate strategies to maximize their retirement savings and tax advantages. One powerful tool in the arsenal is the Roth conversion, including the “Mega Backdoor Roth.” But what are Roth conversions, and how can they help you achieve your financial goals? What is a Roth Conversion? A Roth conversion [...]

Katie Mietus
Contributions from: Katie Berntson, CFP®, Anne Marie Stonich, CFP®, CPA

April 8, 2025

Important Update: New BOI Reporting Requirements Under FinCEN – Are You Ready?

Update April 7, 2025: FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and Persons On March 21, 2025, The U.S. Department of Treasury issued a press release announcing that its Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that eliminates the requirement for U.S. companies, U.S. persons, and domestic reporting companies [...]

Contributions from: Anne Marie Stonich, CFP®, CPA

February 18, 2025

Accessing Your Tax Documents

It’s that time of year to begin collecting documents in order to prepare your tax return. The good news is that the process is becoming ever easier and more streamlined. You can download our one-page guide on accessing your tax documents here, or read on below for instructions on navigating the Fidelity and Schwab websites [...]

Alexandra LambertEmily Richardson
Contributions from: Alexandra Lambert, Emily Richardson

February 12, 2025

Does My Child Need to File a Tax Return?

Your teenager may have had their first job working at the snack shack last summer, and their W2 just arrived in the mail.  Or perhaps you collectively decided to sell some of the gifted Microsoft stock from their custodial account so your teenager could purchase their first car.  Now you’ve received a 1099 and wonder [...]

Vince Lee
Contributions from: Vince Lee, CFP®, CPA

February 10, 2025

Tax-Efficient Investing: Don’t Lose Portfolio Gains to Taxes

The Beatles taught me my first lessons about taxes when I heard the song “Taxman” as a teenager. Years later, George Harrison’s lyrics about taxes frame a lot of my client conversations, as George was not joking when he wrote, “Let me tell you how it will be: there’s one for you, nineteen for me, [...]

Contributions from: Glen Goland, CFP®, JD

February 4, 2025

2025 Tax Update: What Do You Need to Know?

Navigating tax laws in 2025 feels a bit like waiting for the next season of your favorite TV show — you know big changes are coming, but you’re not quite sure what the writers (or lawmakers in this instance) have in store. With potential twists like the sunset of the Tax Cuts and Jobs Act [...]

Vince LeeDavid Mcintosh
Contributions from: Thanh Evoniuk, CPA, CFP®, MSF, Vince Lee, CFP®, CPA, David McIntosh, CFP®

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