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Year-End Tax and Financial To-Do List for Individuals
With the dawn of 2019 on the near horizon, here’s a quick list of simple tax and financial to-dos you can easily address before 2018 ends:
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
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Does Prepaying Property Taxes Make Sense Anymore?
Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end...
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When Holiday Gifts & Parties Are Deductible or Taxable
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday...
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Mutual Funds: Handle with Care at Year End
As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid potential tax...
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It’s Not Too Late: You Can Still Set up a Retirement Plan for 2018
If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan,...
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Deferral of Income Tax for Executives
If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. What do you need to do...
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Reduce 2018 Tax Liability - Buy Business Assets Before Year End
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses.
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Remember to Include Intellectual Property in Your Estate Plan
If your estate includes forms of intellectual property (IP), such as patents and copyrights, it’s important to know how to address them in your...
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Tax-Free Fringe Benefits: Help for Your Businesses & Employees
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also...
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Raising Money-Smart Children
If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations....
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IRA Charitable Rollover - Even More Beneficial in 2018
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without...
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Will a Cost Segregation Study Help Your Business Accelerate Depreciation Deductions?
Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It...
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Want to Retire Abroad? Review Your Estate Plan First
If you dream of spending your golden years in a tropical paradise, a culture-rich European city or another foreign locale, it’s important to...