The Hamilton Tharp Team is the real GOAT—Greatest of All Taxes! We’ve survived another tax season, and no accountants were harmed in the process!

A huge THANK YOU to our number gurus!

MAKE YEAR-END TAX PLANNING MOVES BEFORE IT'S TOO LATE!

With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for both this year and next.

One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2024. You may not itemize because of the high 2024 standard deduction amounts ($29,200 for joint filers, $14,600 for singles and married couples filing separately, and $21,900 for heads of household). Also, many itemized deductions have been reduced or suspended under current law.

Read on to learn more!

FORECASTING TECHNIQUES TO DRIVE BUSINESS GROWTH: SIMPLE STEPS FOR SUCCESS

As a small business owner, looking ahead and planning for the future can feel overwhelming, especially when there are so many day-to-day challenges. But with the right forecasting tools, predicting what’s next for your business doesn’t have to be complicated. Forecasting can help you plan for growth, manage expenses, and make smarter decisions based on where your business is headed.



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WHAT ARE THE DUTIES OF AN EXECUTOR?

A key decision you must make when drafting your estate plan is who to appoint as the executor. In a nutshell, an executor (called a “personal representative” in some states) is the person who will carry out your wishes after your death. Let’s take a look at the specific duties and how to choose the right person for the job.

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WHAT'S NEW AT HT2!

Timely Resources & Links

• Stay up to date! Visit our Resources Page!
• IRS Tax Withholding Estimator
• Our 2024-2025 Tax Planning Guide is live!
• 2024 Easy Reference Federal Tax Data Sheet
• Corporate Transparency Act - Ownership Reporting