Planning Ahead: Navigating Sec. 179 Expensing vs. Bonus Depreciation
Understanding how to maximize tax savings through smart fixed asset strategies As bonus depreciation continues its gradual phaseout, tax practitioners will need to revisit Section 179 expensing as a powerful tool for managing fixed asset deductions. Both Sec. 179 and…
Give Your Child a Head Start on Retirement with a Roth IRA for Kids
LyntaxGroup Financial Insights The earlier your child starts saving, the bigger their future can grow—tax-free. What is a Roth IRA for Kids? A Roth IRA for Kids is a powerful savings tool that allows children to start building wealth at…
8 Types of Trusts for High-Net-Worth Individuals — and When to Use Them
Trusts are powerful tools in estate planning—especially for those with substantial assets. At Lyntax Group, we help clients create customized trust strategies designed to protect wealth, minimize taxes, and preserve family legacies across generations. Below are eight essential types of…
Schedule C: A Guide for Sole Proprietors and Single-Member LLCs
Key Takeaways Schedule C is used to report business income and expenses for sole proprietors and single-member LLCs. If you’re self-employed or receive Form 1099-NEC, you’ll likely need to file Schedule C. Business expenses must be ordinary and necessary to…
Smart Individual Tax Planning Tips for 2025
With Congress back in session, major tax changes may be on the horizon. One of the biggest shifts could be the expiration (or "sunset") of the Tax Cuts and Jobs Act (TCJA) at the end of 2025. This means tax…