Navigating the New Child Tax Credit Rules
Why this matters now The Child Tax Credit (CTC) just changed in meaningful ways for the 2025 tax year. Getting these details right can put real money back in your pocket—and missteps can leave it on the table. The latest federal law (often called the One, Big, Beautiful Bill Act (OBBBA)) bumped the credit and...
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Maximizing Retirement Contributions Under the New Limits
Retirement planning has taken on new dimensions with the passage of recent legislation, often referred to as the Big Beautiful Bill. This bill has substantially increased retirement contribution limits, presenting fresh opportunities for contractors, real estate investors, and small business owners to reduce taxable income and build long-term wealth. In this detailed guide, we outline...
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Tax Planning Strategies for Real Estate Investors: Reduce Liability, Increase ROI
Real estate investing can be one of the most tax-advantaged wealth-building strategies available — if you know how to leverage the tax code in your favor. The right planning can reduce your tax liability, increase your after-tax cash flow, and help you reinvest more profits back into your portfolio. In this comprehensive guide, we’ll break...
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How Contractors Can Legally Maximize Deductions on Tools, Vehicles, and Supplies
As a contractor, keeping more of every dollar hinges on using the tax code the way it was designed—accurately, aggressively, and with airtight records. At RJL Consulting NY LLC, we help builders, electricians, plumbers, HVAC pros, remodelers, and specialty trades turn everyday spending—tools, trucks, trailers, and consumables—into compliant tax deductions that protect margins and fuel...
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How the New Tax Law Impacts Small Business Deductions
The latest federal tax reform, often dubbed the “Big Beautiful Bill,” has reshaped how small businesses handle deductions. While it aims to simplify the tax system and stimulate growth, the fine print matters,especially for small business owners. If you run a service firm, a contracting business, or even a small retail shop, the new rules...
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The Pros and Cons of the Infinite Banking Concept
Over the course of the years, people have been using the Infinite Banking Concept to create better financial circumstances for themselves without traditional banks or other financial institutions. The Infinite Banking Concept is a process through which an individual can perform the banking function at the you and me level. By utilizing specially designed dividend-paying...
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Pros and Cons of Life Insurance
To understand whole life insurance, you must examine every angle; weigh the pros and cons of whole life insurance, and you’ll see that it’s a vehicle that can add value to every other asset you control. At the simplest level, whole life insurance is defined as, “a type of permanent life insurance that offers cash...
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4 Pros And Cons Of Borrowing Against Your Cash Value
Whole life insurance isn’t just for death. As the name suggests, it also has benefits that can last your whole life. One such benefit is the ability to borrow against your policy. More specifically, you can borrow against the equity of your insurance policy, also called the Cash Value. The Cash Value portion of your...
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