Fourth Quarter Moves, CTA, & Critical Global Events (10/5/2024)

The Real Money Pros

It’s October, so now is the time to discuss end-of-year tax planning for business owners. The team emphasizes the importance of organizing your books, categorizing expenses correctly, and maximizing deductions before December 31st. CPA Stephanie Helms also shares insights on tax projections to help you save money.

Stephanie also breaks down the Corporate Transparency Act (CTA), which requires business owners to file a beneficial ownership report by the end of the year. She explains what this means for both small and large businesses, along with the penalties for non-compliance.

We also cover market and economic trends, examining how global events, rising interest rates, and market volatility in September and October could affect your investments.

Finally, we focus on capital gains tax planning, offering strategies for timing asset sales, qualifying for long-term capital gains rates, and offsetting gains with losses to reduce tax liabilities. It's time to wrap up your 2024!

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Brian Wiley & Jeremiah Bates

Guest:

Stephanie Helms, CPA

https://davestewartcpa.com/

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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