Wilson Hand LLP

Being a part of our Strategic Partner program helps you grow your business. Our program provides Wilson Hand's team with expertise, networks, and resources. Collaborating with us helps you access guidance on financial management, proprietary and innovative tax mitigation strategies, strategic planning, and cutting-edge technologies. Our aim is to help you enhance your credibility, establish an additional revenue stream, increase your business opportunities, and improve market positioning. Last year was a record-breaking year, and we are positioning our strategic partner program to grow even larger this year. Check out our Unlocking Opportunities blog post here on LinkedIn. We would love to reserve a seat for you at the conference table. #UnlockingOpportunities #KnowLikeTrust #StrategicPartners #BusinessBuilding

If you're seeking to optimize your retirement financial strategy and retain a greater share of your hard-earned income, consider exploring tax mitigation strategies. #taxoptimization #wealthmanagement #financialplanning #taxrelief #highincomeearners #wilsonhand

IRS Launches New Coalition to Combat Tax Scams - Summary Below: The IRS and various state tax agencies have formed a new coalition to combat the increasing number of tax scams and schemes. This coalition aims to expand outreach and education, develop new approaches to identify fraudulent returns and improve infrastructure to protect taxpayers. The coalition called the Coalition Against Scam and Scheme Threats (CASST), will work closely together to share information, respond quickly to threats, and alert the public to emerging scams. The CASST project has widespread support from the tax community, including the IRS, state tax agencies, software companies, financial firms, and tax professional organizations. The coalition will focus on protecting taxpayers from fraudulent activities, raising awareness about scams, and improving systems to prevent them. Link to full article: https://lnkd.in/gy8zf4Gy #taxfraud #taxscams #irs #taxseason #taxes #financialfraud #cybersecurity #taxpayerprotection #wilsonhand

At Wilson Hand, our core values of integrity, transparency, client-centric advocacy, and innovation are the bedrock of our strategic partnership program. These principles guide us in building trust and delivering exceptional value to our clients. By aligning our values with those of our partners, we create a collaborative environment focused on long-term success. We believe that this shared commitment to excellence is essential for developing innovative solutions and achieving exceptional outcomes. #Partnership #WilsonHand #CoreValues #ClientCentric #Innovation #FinancialPlanning #LegalAdvice

Rethink Your Retirement Strategy: Discover the Power of Indexed Universal Life Brad Kay, a seasoned attorney at Wilson Hand, explores a sophisticated investment vehicle that could redefine your retirement planning: Indexed Universal Life (IUL) policies. Discover how IULs can offer substantial tax benefits and flexible investment options, making them a compelling alternative to traditional retirement accounts. Read full article at link below: https://buff.ly/3XiQwnf #WilsonHand #ThoughtLeader #IUL #IndexedUniversalLife #LifeInsurance #TaxAdvantagedInvestments #RetirementPlanning #WealthManagement #RothIRAAlternative #TaxFreeGrowth #HighNetWorth

IRS Makes Significant Progress in Modernizing Services with Increased Funding The IRS announced major strides in improving taxpayer services and technology thanks to funding from the Inflation Reduction Act (IRA). Here are some key highlights: Enhanced Online Accounts: - Individual Online Account now provides features like retrieving tax information, updating IP PINs, viewing audit status, using a lien payoff calculator, and managing installment agreements. - Business Tax Account is now available in Spanish and allows viewing balance and making payments in one place. Expanded Electronic Filing: - More business forms can now be filed electronically, including amended returns. - The Document Upload Tool has reached 1 million submissions, allowing secure digital responses to IRS notices. Mobile-Friendly Forms: - Over 30 common forms are now accessible for mobile devices. Redesigned Notices: - 100 of the most common notices are redesigned to be clearer and easier to understand. Increased In-Person Assistance: - Taxpayer Assistance Centers saw a 37% increase in face-to-face interactions. - Special Community Assistance Visits are offered in underserved areas. Modernized Technology Infrastructure: - The IRS is scanning paper returns electronically and replacing outdated equipment. - Online Account payment plans are now available for tax professionals. - HR systems and network bandwidth are being upgraded for improved employee and taxpayer experience. These improvements are part of an ongoing effort to transform the IRS and provide taxpayers with better service options. More enhancements are expected for the 2025 filing season. Full details available on: https://buff.ly/3LHj83h #WilsonHand #IRSTaxRelief #ImprovedTaxServices #ModernizingIRS #FileTaxesEasier #TaxpayerHelp

Maximize your wealth and minimize your tax liability.

After a lifetime of working hard and saving for your future, you notice that the future has somehow become the present. If you want to retire soon, these steps will give you the peace of mind to retire confidently. No one wants to worry about all of the “what ifs” accompanying retirement. While the future may hold uncertainties, these proactive steps can help ensure you enjoy the retirement you’ve worked so hard to achieve. With the right planning, your retirement can be a time of peace, comfort, and the freedom to pursue your passions without financial worries. Remember, it’s never too early or late to start planning—your future self will thank you. #WilsonHand #retirementplanning #financialfreedom #retirement #financialadvice #retirementgoals #financialplanning

Business Exit Planning: A Strategic Approach to Maximize Your Legacy As a business owner contemplating retirement, you've built a valuable asset. Selling your business presents a significant financial opportunity, but navigating the complexities of a sale requires careful planning. Wilson Hand can be your trusted advisor in this crucial transition. Our team of tax mitigation specialists provides: Comprehensive Exit Strategy Development: We collaborate with your existing advisors to craft a tax-efficient exit plan that maximizes the value you receive after sale. Proactive Tax Management: Minimize your tax burden through strategic planning, ensuring you retain a greater share of your business's success. Streamlined Transaction Process: Our expertise reduces the administrative burden, allowing you to focus on critical post-sale decisions. Wilson Hand understands the importance of a successful exit for business owners like you. We'll guide you through the process with meticulous attention to detail and a commitment to your financial well-being. Schedule a confidential consultation today to discuss your specific exit strategy and discover how Wilson Hand can help you achieve a secure retirement. #businessownership #strategicplanning #taxoptimization #exitstrategy #WilsonHand

Tax Updates for 2024: What You Need to Know! The IRS recently announced inflation adjustments impacting your 2024 taxes (filed in 2025). Here's a breakdown of some key changes that could benefit you: More Money to Keep: The standard deduction, which reduces your taxable income, is increasing for all filing statuses. This means you'll pay less in taxes or receive a larger refund. Married filing jointly: You'll see a bump of $1,500, bringing the standard deduction to $29,200. Single filers and married filing separately: Expect an increase of $750, with the new standard deduction being $14,600. Head of household: The standard deduction rises by $1,100 to $21,900. Tax Brackets Adjusted for Inflation: While the top tax rate remains at 37%, the income thresholds for the lower tax brackets have increased. This means you might qualify for a lower tax rate depending on your income. Bigger Earned Income Tax Credit (EITC): This credit helps low- to moderate-income workers and families. If you qualify with three or more qualifying children, the maximum EITC amount increases to $7,830 (up from $7,430). Additional Highlights: Increased Limits on Benefits: There are higher limits for benefits you might use, like pre-tax contributions to commuter benefits and health flexible spending accounts. More Leniency for Foreign Income and Estates: The foreign earned income exclusion, which allows you to exclude a portion of your foreign earnings from taxes, is increasing. Additionally, the estate tax exemption, which is the amount you can transfer to heirs tax-free, is also rising. Increased Gift Exemption: The annual gift exclusion amount, which is the amount you can give to someone tax-free each year, has gone up. No Change For: Personal Exemption: The personal exemption remains at $0. Itemized Deductions: There's still no limitation on itemized deductions, which can be beneficial if your total itemized deductions exceed the standard deduction. Stay informed! https://buff.ly/3FTUB7X #taxes #taxupdates #IRS #financialplanning #WilsonHand