In today’s complex financial landscape, individuals and small businesses alike are confronted with a staggering array of financial decisions. Focusing on everything from day-to-day expenses to far-reaching long-term goals and all that lies between doesn’t have to be so challenging, though. Learning a few basics can make all the difference. 

While financial analysis and financial planning are both indispensable tools for achieving financial wellness, it’s vital to understand the critical distinctions between them.

Selling a home is a major financial milestone, but it can come with some profound tax implications. Capital gains taxes are applied to the profits earned on an asset sale, including real estate. Learn more about the intricacies of exemptions and tax liability minimization strategies. So precisely how are capital gains taxes calculated when you sell a home?

Summer is the season of vacations and fun in the sun, which means it’s a time of year when many households consider or make large purchases. Whether you’re thinking of adding a new car, a boat, or a vacation property to your portfolio, it’s wise to consider the tax implications before taking the plunge. Big acquisitions can mean big tax bills, but there are ways to legally minimize your tax burden while indulging in your favorite summer activities.