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Addressing IP in an Estate Plan Can Be Tricky
Over your lifetime, you may have accumulated a wide variety of tangible assets, including automobiles, works of art and property, that you’ve accounted for in your estate plan....
Year-end Spending Package Tackles Retirement Planning, Conservation Easements
On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could...
Look Forward to Next Year By Revisiting Your Business Plan
Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a good way to double-check your...
Renting to a Relative? Watch Out for Tax Traps
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you...
How to Minimize the S Corporation LIFO Recapture Tax
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory...
Employers: Stay Mindful of your Non-Employee Reporting Obligations
As an employer, you’re no doubt well aware of your responsibility to withhold employment taxes — such as Social Security, Medicare and income taxes — from employees’...
Should You Consider A Psychiatric Advance Directive?
Many people include health care powers of attorney or advance directives in their estate plans so they have some influence over critical medical decisions in the event they’re...
Inbound vs. Outbound: Balancing Your Company’s Sales Strategies
It might sound like the lingo of air traffic controllers — inbound vs. outbound. But businesses of all types must grapple with these concepts and their associated challenges when...
Save for Retirement by Getting the Most Out of Your 401(k) Plan
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k),...