As we close out November, financial markets continued to show steady improvement, supported by cooling inflation, stable interest rates, and generally positive economic data. While uncertainty remains part of the landscape, the overall tone of the month leaned more optimistic than much of the year, providing investors with some welcomed momentum heading into year-end.
As the year draws to a close, now is the perfect time to review your finances and take steps to reduce your tax liability. Thoughtful year-end planning can help you maximize deductions, take advantage of credits, and position yourself for a stronger financial future. Here are key strategies to consider before December 31.
September is often a tough month for the stock market, but this year was different. The S&P 500 and Nasdaq both climbed higher, helped by optimism around new technologies, strong company earnings, and the Federal Reserve beginning to cut interest rates. Big tech news, like Nvidia’s partnership with OpenAI, also gave markets a boost.
As the year winds down, many individuals begin thinking about charitable giving. For some, it’s an opportunity to support meaningful causes and make an impact in the community. For others, it’s also a strategic way to manage taxes before December 31. With proper planning, charitable contributions can both reflect your values and provide meaningful tax advantages. Here are several strategies to consider as you plan your year-end giving.
We’re excited to announce that Prism Capital Management and Prism Tax & Accounting Services have officially relocated from Mount Vernon to a brand-new office in Burlington! This move marks an important step forward for our team as we continue to grow and enhance the services we provide.