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Westin Hotel Construction: A Catalyst for Downtown Greensboro’s Real Estate Boom
Introduction Downtown Greensboro is on the cusp of a transformative development with the upcoming construction of the Westin Hotel at 203 S. Elm Street. This $22.5 million project, set to commence in 2025, promises to invigorate the city’s urban landscape, presenting significant opportunities for real estate investors, medical professionals, tech entrepreneurs, and high-income earners. A Read more
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Is Marriage Still a Smart Financial Move? Exploring Income Gaps for Singles and Couples in Greensboro and the Triad
In Greensboro and the broader Triad region, marriage has traditionally been associated with financial benefits, including combined incomes, tax advantages, and shared expenses. However, as societal norms evolve and more individuals choose to remain single or cohabit without formalizing their union, it’s worth examining whether marriage remains a prudent financial decision—or if it ever should Read more
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Do Tax Benefits Make Marriage Worth It? Exploring the Financial Side of Saying ‘I Do”
When a long-term partner called J Scott & Associates with a thoughtful question—*“Are there any tax benefits to getting married? I’ve been with my partner for a long time, and I don’t feel I need paperwork to substantiate my relationship”—*it highlighted a growing trend in today’s society. More couples are rethinking marriage as a financial Read more
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Taxes to Expect in Retirement: A Greensboro Tax Strategy Guide
Retirement should be about enjoying life, not worrying about surprise tax bills. Yet many retirees in Greensboro and across North Carolina are caught off guard by how their income is taxed once they stop working. Having a smart tax strategy in place before you retire can help you keep more of your hard-earned money. — Read more
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How Much Should a Triad-Based Physician Pay Themselves in W-2 Salary vs Distributions?
For physicians operating as S-Corporation owners in the Triad region of North Carolina—Greensboro, Winston-Salem, and High Point—the question of how much to pay yourself in W-2 salary versus distributions isn’t just financial—it’s strategic. Getting this balance right can mean the difference between thousands saved in taxes and a costly IRS audit. But the right number Read more
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Why Your S-Corp Could Be Costing You Thousands in North Carolina Taxes (and How to Fix It)
If you’re a physician, dentist, or consultant running an S-Corp in North Carolina, you might be unknowingly losing thousands of dollars each year. Many high-income professionals set up S-Corps to reduce self-employment taxes—but without the right strategy, your S-Corp can quietly bleed cash through poor compensation planning, unclaimed deductions, and missed retirement contributions. The Most Read more
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Greensboro’s Millionaires: How They Protect Their Wealth and Grow It
Greensboro’s wealthy utilize strategic tax planning, diversified investments, insurance tools, and local expertise to grow and protect their wealth. Read more
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Healthy Wealth: Tailored Financial Strategies for Greensboro’s Healthcare Professionals
Greensboro’s healthcare professionals face unique financial challenges despite high earnings. J. Scott & Associates offers tailored tax strategies and financial planning to help them manage their financial health effectively. Read more
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What Defines a High-Income Earner in Greensboro?
In Greensboro, NC, high-income earners surpass $125,000 annually, facing unique tax challenges. Wealth optimization strategies include tax-efficient investments and estate planning for financial success. Read more
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Essential Insurance Strategies for High-Income Families
Life and health insurance are vital for high-income families, serving as wealth management tools with tax benefits. They provide financial security, estate planning advantages, cash value growth, and risk management, enhancing overall financial strategies for wealth protection and transfer. Read more
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