Estate planning for dentists doesn't need to be complicated. What happens to your dental practice—and your wealth—when you decide to sell or retire? For Illinois dentists, selling a dental practice isn’t just a business decision—it’s a key moment in your estate and tax planning. The sale can impact your retirement, your family’s future, and [...]
The Illinois Secretary of State’s Department of Business Services has announced a new Franchise Tax and License Fee Amnesty Program. This limited-time program gives eligible corporations the opportunity to avoid penalties and interest on unpaid or underreported franchise taxes. If your business is incorporated or authorized to do business in Illinois, you’ll want to [...]
As a medical professional in Illinois, you've dedicated your life to healing and helping others. Your practice is more than just a job; it's a significant asset, a testament to years of hard work, and often, a crucial part of your family's financial security. But have you considered what would happen to your practice [...]
If you’re a busy professional, business owner, or high-net-worth individual in Libertyville, Illinois, protecting your hard-earned assets is crucial. Setting up a revocable living trust in Libertyville IL is one of the smartest ways to safeguard your estate while keeping control over your future. Whether you're in Lake Forest, Vernon Hills, or right here [...]
Too many high-earning professionals and business owners think of estate planning as something to do “someday”—after retirement, after the kids are grown, after things slow down. But life doesn’t always wait for the perfect moment. Whether you’re running a practice, growing a business, or building generational wealth, the decisions you make today will shape [...]
For high-net-worth individuals, estate planning is more than just drafting a will—it’s a strategic process that ensures your wealth is preserved, protected, and passed on according to your wishes. Unfortunately, even the wealthiest individuals make costly estate planning mistakes that can lead to unnecessary taxes, legal disputes, and financial losses for their heirs. Here [...]
A recent federal court order has temporarily stopped the enforcement of the filing requirements for beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Therefore, at this time, reporting companies (existing and newly organized) are not required to file beneficial ownership information reports and will not be held liable for failing to do so while the [...]
The holiday season is a time for joy, reflection, and gratitude. However, it's also a great opportunity to take stock of your business and personal affairs. As a business owner, you're likely busy with year-end tasks, holiday parties, and family gatherings. But don't forget to carve out some time to address your business and [...]
You've dedicated countless hours and immense effort to building a life of prosperity and success. It's a testament to your hard work, intelligence, and unwavering determination. But as your wealth grows, so does the complexity of ensuring your legacy lives on. Perhaps you've envisioned your children pursuing their passions without financial worry, or maybe [...]
Overtime pay rules have gotten some updates. If you’re a salaried worker in the United States, there’s some important news you should know about the changes to overtime pay rules and eligibility. The US Department of Labor recently announced a final rule that will make millions more workers eligible for overtime pay. Here’s what [...]
