Gelt

Introducing the New Gelt Website: The Old Way vs. *The Gelt Way* The Old Way: - One-size-fits-all tax advice. - Overpay in taxes because you’re reactive and have no strategy. - No clear understanding of your taxes because you only speak to your CPA once a year. The Gelt Way: → Quick and transparent communication to make sure you’re always in the loop. → Integrate a proactive tax approach into your wealth building strategy. → Top-tier tax professionals, cutting-edge technology, and a user friendly-platform. Think of it this way… Taxes can be your biggest expense but you don’t take them into consideration when it comes to building your wealth. Instead of waiting until tax season to take action, we help you grow your wealth by optimizing your taxes with a proactive and personalized tax strategy. No matter what your area of expertise: 1. Fund manager, investor 2. Founder, business owner 3. HNWI, executive We want to empower you to keep more of your hard-earned money by navigating the complex world of taxes. Are you ready to modernize the way you do taxes? Check out our new website here → https://www.joingelt.com/ #gelt #taxes #taxstrategy #modernizetaxes

🎆🇺🇸 Happy Independence Day from Gelt! 🇺🇸🎆 Today, we celebrate the freedom and opportunities that make America great. As we honor our nation's independence, we're grateful for the privilege to help our clients navigate their tax journeys and achieve their financial goals. Wishing everyone a safe and joyous 4th of July! #IndependenceDay #FourthOfJuly #Happy4th #Gelt #TaxPlanning #FinancialFreedom

🇺🇸 Memorial Day 🇺🇸 Today we honor and remember the brave men and women who made the ultimate sacrifice for our freedom. Their courage and dedication inspire us every day. In these turbulent times, it’s a strong reminder that freedom is never free and must be continuously protected and fought for. Thank you to all who have served and continue to serve. #MemorialDay #HonorTheFallen #FreedomIsNotFree #USA

🇮🇱 Happy 76th Independence Day to Israel! 🇮🇱 Wishing our Israeli and Jewish colleagues, clients, and partners a day of joy and remembrance. May this occasion inspire us all as we celebrate how light prevails over darkness, life triumphs over adversity, and truth stands tall against falsehood. יום עצמאות שמח 🇮🇱🎗️ #bringthemhome #taxes #usa #israel #independenceday

This is a common question we get asked from W2 employees who invest in real estate. But what if you're asking the wrong question first? To keep the most of your hard-earned money and protect your assets, You must first ask why. Why are you investing in real estate? → Buying, renting, holding? → Renovating and flipping? → What's your long-term plan? → Do you have or want to bring in partners? All these factors (and more) influence what entity selection is best for YOU. This is why it's essential to have a partner who can guide you in the right direction. Because proper entity selection affects your: → Wealth-building strategy → Operational aspects → Asset protection → Tax liabilities And that's just the beginning. Just like no 2 snowflakes are the same, Neither are any 2 tax situations. You can't rely on general strategy advice you read on the internet. Discover how Gelt can help you optimize your taxes → https://www.joingelt.com

Did you know that taxes devour around 30% of the average American's income each year? Yes, every single year. So every 4 years, you potentially work 1 year for free. It's a chunk many business owners accept, but it doesn't have to be this way. Many overlook strategic opportunities for savings despite pouring $12 billion into tax preparation annually. Think about it... While nearly everyone is focused only on compliance and paying, not enough: → Proactively look to pay less → Make taxes part of building wealth → Leverage the tax laws as they're designed Taxes are not a game of chance; they're a game of strategy. So, how do you pivot from just paying to being a key part in your wealth? The harsh truth: Without a tailored strategy, you're likely leaving money on the table. And it's a lot simpler than you think. You just haven't found the right partner to guide you yet. Click this link to see how you can get started: https://www.joingelt.com/

Learn how your mortgage interest can effect your tax deductions ⬇ IRC Section 163 directly correlates your interest payments to loan use. If you refinance to buy things for personal use, your interest is likely non-deductible. Such as an RV, boat, or family car. But if you refinance for investment purposes, it may be fully deductible. Such as a rental property or other investments. But here's the most important factor: Taking out a loan of any kind may have consequences for your taxes. If you want to avoid unexpected tax payments, your financial decisions must be informed and strategically aligned with your taxes. Click this link to see how you can get started: https://www.joingelt.com

Capturing a moment from last week at our 1st 'All Hands on Deck' meeting of 2024! Teams heading back into offices may be popular right now, but not enough is said about the joy of working with a talented team from around the world. Or about creating a remote culture that sparks excitement, fosters team respect, and empowers everyone to do their best work. It keeps our team unified, working towards one common goal. We're modernizing the tax industry by building something special for our clients that merges innovative technology with top-tier expertise, creating a seamless, efficient, and effective tax management experience. We celebrated crushing 2023 tax season, welcomed new team members, and shared insights to new feature releases. So keep your eyes peeled - more coming soon.

We are proud to share some of our biggest milestones in 2023: → The size of our talented tax team doubled in size. → Our communication infrastructure allows smoother and effective interactions. → Our tax team was a powerhouse in collectively saving our clients millions in taxes. → Their strategic insights significantly improved our Platform’s infrastructure and capabilities. These milestones are reflections of our mission to revolutionize the tax industry with client-focused, technology-driven solutions. We are proud of what we did in 2023, here's to more growth in 2024!

This New Law Will Affect Millions Of Small Business Owners In 2024: The Corporate Transparency Act (CTA). This law requires that certain entities submit a beneficial ownership information (BOI) report to the Financial Crimes Enforcement Network (FinCEN). Here's what you need to know to stay compliant: Reporting Deadlines:  Businesses formed before January 1, 2024, must file their initial beneficial ownership information (BOI) report by December 31, 2024. For businesses formed between January 1, 2024, and December 31, 2024, there's a 90-day filing deadline post-registration. Starting 2025, the deadline is 30 days. Who It Affects:  The CTA primarily targets smaller, privately-held businesses not heavily regulated by other government entities. What to Report:  You’ll need to disclose specific details about your business and its beneficial owners. Such as, legal name, trade name, address, and FEIN. Penalties for Non-Compliance: Civil penalties of up to $500 per day, capped at $10,000. Potential criminal penalties, including imprisonment for up to 2 years for willful non-compliance. Ongoing Obligations: After the initial report, you must update the BOI within 30 days of any changes, such as new ownership, a change in address, or a new CEO. As we approach the implementation of the CTA, it's crucial for business owners to understand their obligations under this new law to stay complaint and avoid penalties. ♻️ Repost if you found this useful to share this update with more business owners.