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Timelines: 3 ways business owners should look at succession planning
Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
We have prepared a selection of frequently asked questions.
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Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
2 min read
There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing...
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Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated...
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If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires...
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Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to...
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For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options:...
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Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise...
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If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
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If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully...
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Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in...
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Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home....
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The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re...
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With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax...