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Our take on all things financial.
Deciding Whether to Make Lifetime Gifts or Bequests at Death Can Be a Deceptively Complex Question
One of your primary estate planning goals may be to pass as much of your wealth to your family as possible. That means sheltering your estate from gift and estate taxes. One way...
Cryptocurrency Donations Valued Greater Than $5,000 Require Appraisal
By Robert L. Tobey, CPA, Tax Partner SUMMARY On January 13, 2023, the IRS issued Chief Counsel Memorandum (CCM) 202302012 stating the following: If a taxpayer donates...
Is Now the Time for Your Small Business to Launch a Retirement Plan?
Many small businesses start out as “lean enterprises,” with costs kept to a minimum to lower risks and maximize cash flow. But there comes a point in the evolution of many...
Tax-Saving Ways to Help Pay for College — Once Your Child Starts Attending
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529...
Keeping Debtors Honest with a Solvency Opinion
Are you worried your business won’t receive what a liquidating creditor owes it? In most cases, liquidating companies come by their financially distressed situations honestly....
How the New SECURE 2.0 Law May Affect Your Business
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement...
Employers: Don’t Overlook Legislative Changes Affecting Group Health Plans
Late last year, the Consolidated Appropriations Act, 2023 (CAA 2023) was signed into law. Much of the discussion about this massive “omnibus” spending package has centered on the...
A Single Parent’s Estate Plan Should Address Specific Circumstances
According to the Pew Research Center, nearly a quarter (23%) of U.S. children under the age of 18 live with one parent. This is more than three times the share (7%) of children...
Getting into Data Analytics Without Breaking the Bank
Most business owners would probably agree that, in today’s world, data rules. But finding, organizing and deriving meaning from the terabytes upon terabytes of information out...