Tag: Tax Strategies

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Estate Planning Essentials for High-Income Earners with Joe Biondolillo

Estate Planning Essentials for High-Income Earners with Joe Biondolillo

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Estate planning is often seen as one of the more intricate aspects of financial management, particularly for high-net-worth individuals who face distinct challenges and opportunities when it comes to transferring wealth effectively.

Iván Watanabe and Evan Wohl engage with Joe Biondolillo, president and founder of Biond Financial, to discuss estate planning strategies for high-net-worth individuals. Joe shares practical insights on navigating complex tax laws and leveraging available opportunities.

Joe discusses:

  • Understanding estate tax liability and why everyone should have an estate plan 
  • Steps to discounting assets and how it impacts your estate 
  • Strategic gifting to maximize the current exemption limits 
  • How freezing growth works and why it’s crucial for high net worth portfolios 
  • Addressing capital gains tax implications and potential solutions
  • And more

Connect with Iván Watanabe:

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Connect with Joe Biondolillo:

About Our Guest:

Joseph Biondolillo brings nearly 24 years of expertise to his role as the founder of Biond Financial. Dedicated to helping professionals, executives, and closely held corporations protect, save, and grow their financial wealth, Biond Financial provides tailored guidance amidst today’s volatile economic landscape. Recognizing that many individuals base financial decisions on trends, opinions, emotions, and online advice, Joseph and his team utilize a unique macroeconomic approach to reveal the full financial picture. This process empowers clients to build and safeguard their wealth while taking control of their economic futures.

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Common Tax Mistakes for Business Owners and How to Avoid Them With Mike Nulty

Common Tax Mistakes for Business Owners and How to Avoid Them With Mike Nulty

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How do you keep your tax records clean and avoid those dreaded IRS audits? 

This week, Mike Nulty from Matthews & Nulty, Inc. joins Iván Watanabe and Evan Wohl to discuss effective tax strategies for individuals and small business owners. They dive into common mistakes, like poor record-keeping, and provide actionable tips on how to avoid them. 

So, tune in and learn how to keep your financial records clean and stay ahead of potential IRS audits!

Key episode discussion points include:

  • Keeping business and personal finances separate for clear record-keeping
  • The value of using tools like QuickBooks to track business expenses and revenues
  • How regularly reviewing your financials (on a monthly basis) can help you stay proactive rather than reactive
  • Timeline on taking tax deductions and understanding their long-term implications

Connect with Iván Watanabe:

Connect with Evan Wohl:

Connect with Mike Nulty:

About Our Guest:

In early 2015, continuing with the firm’s core values, James Matthews made Michael W. Nulty a partner of the firm. Like James, Michael is also a graduate of Saint Peter’s University, in Jersey City, New Jersey.

Before becoming a partner of the firm, Michael spent seven years working under James, polishing his craft in accounting, auditing and tax. Together, James and Michael have a wealth of knowledge and have helped numerous entities both for profit and not for profit, become successful.

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