Entrepreneurs and small business owners can use these five tax tips for the self-employed to help you save the most on taxes. Making strategic purchases, automating bookkeeping, and taking advantage of deductions can all provide better personal tax returns. A tax professional like those at Stableford Capital can simplify the process and find additional ways to save.
Federal spending was substantial in 2023, particularly late in the year. Job growth has largely centered around government and healthcare, not cyclical sectors that might indicate a path to future growth. Read the December Market Commentary for a detailed overview of the situation.
The fiscal landscape of 2023 was marked by significant policy shifts. Despite the Federal Reserve’s rapid monetary tightening, government-sponsored fiscal stimulus from pandemic policies counteracted potential negative wealth effects. This created unique tax planning opportunities, underlining the importance of staying abreast of policy changes and their implications for personal wealth.
There are plenty of uncertainties when it comes to managing your investments, but you can achieve better financial health if you take action now. Building a solid portfolio with your financial advisor is a great start. To position yourself for growth and ensure you can maintain your desired lifestyle into retirement, you should also consider a financial to-do list. While every person’s to-do list will differ slightly, we’ve outlined seven key steps and highlighted essential tax data and dates to help you get started.
