by Sara Raby | Jun 11, 2025 | blog, Individual Tax
What Is an ILIT and Why Does It Matter? An Irrevocable Life Insurance Trust (ILIT) is a powerful estate planning tool that allows high-net-worth individuals and business owners to remove life insurance proceeds from their taxable estate. By placing one or more life... 
by Naz Nasseri | Jun 9, 2025 | blog, Individual Tax
If you own a sole proprietorship or a single-member LLC taxed as a sole proprietorship, hiring your child can be a smart way to reduce your taxes and a powerful financial gift for their future. When you hire your child to perform legitimate work for your business:...