Talley LLP

Shaquille O’Neal, the basketball Hall of Famer and current TNT broadcaster has made it clear that despite his immense wealth, he expects his children to earn their own fortunes. During his NBA career, O’Neal earned $286 million and has continued to accumulate wealth through various endorsements and business ventures. However, he believes in instilling a strong work ethic and financial independence in his children.

Artificial Intelligence (AI) is revolutionizing various industries, and the field of accounting is no exception. AI is transforming bookkeeping and Client Advisory Services (CAS), reshaping how accountants manage financial data, provide insights, and enhance their clients' financial health. By automating routine tasks, offering predictive analytics, and enhancing accuracy, AI is elevating the role of accountants from mere number crunchers to strategic advisors.

Estate planning is a critical aspect of financial management that ensures your assets are distributed according to your wishes and provides for your loved ones after your passing. Despite its importance, many people overlook or delay estate planning. However, having a comprehensive estate plan is essential for protecting your legacy and ensuring the well-being of your family. Here are the key elements to consider in estate planning.

Our team here at Talley wishes you and your loved ones a happy, safe, and relaxing Independence Day! Talley LLP's offices will be closed Thursday, July 4th in observance of the holiday. Regular office hours will resume Friday, July 5th at 8:00 AM.

Entrepreneurship is a journey fraught with challenges and opportunities. For many budding entrepreneurs, the path to success can be daunting and complex. This is where business consulting plays a crucial role in unlocking the potential of new ventures and steering them toward success. By providing expert guidance, strategic insights, and practical solutions, consultants help entrepreneurs navigate the intricacies of starting and growing a business.

In the rapidly evolving world of finance, the integration of Artificial Intelligence (AI) into accounting practices is transforming how organizations manage their financial reporting. AI accounting is revolutionizing the industry by enhancing accuracy and efficiency, which are critical for compliance, strategic planning, and overall financial health.

Choosing the right legal structure for your business is a crucial decision that requires careful consideration. This choice impacts your liability protection, tax obligations, and the amount of paperwork required by the IRS. For startups, this decision is particularly significant and may need to evolve as the business grows. To make an informed choice, it is advisable to seek comprehensive advice from knowledgeable legal advisors. This article will explore the basics of S-Corporations, a popular choice among entrepreneurs, highlighting their benefits and drawbacks.

More American couples are forming blended families with children from previous relationships, which creates unique challenges in estate planning. When a parent dies, the typical approach for married couples with children is to leave everything to the surviving spouse and then to their children. However, this can be problematic for blended families as the surviving spouse may have no obligation to leave assets to stepchildren.

Starting a business is an exciting yet complex journey, filled with numerous decisions that shape the foundation and future of your enterprise. While the entrepreneurial spirit often thrives on a do-it-yourself attitude, some aspects of launching a business call for professional expertise. Here’s why working with professionals is vital when starting your business and how they can contribute to your long-term success.

Our team here at Talley wishes you and your loved ones a safe and relaxing Memorial Day Weekend! May we never forget those who made the ultimate sacrifice for our freedom. Talley LLP's offices will be closed Monday, May 27th in observance of the holiday. Regular office hours will resume Tuesday, May 28th at 8:00 AM.