Don’t overlook tax apportionment when planning your estate
If you expect your estate to have a significant estate tax liability at your death, be sure to include a well-thought-out tax apportionment clause
Read More3 midyear tax planning strategies for individuals
In the quest to reduce your tax bill, year end planning can only go so far.
Read MoreESOPs offer businesses tax and other benefits
With an employee stock ownership plan (ESOP), employee participants take part ownership of the business through a retirement savings arrangement.
Read MoreNonprofits: Harness the power of the personal appeal
You’ve probably heard it before: People don’t give to causes — they give to those asking on behalf of a cause.
Read MoreDoes your business have too much cash?
From the time a business opens its doors, the owner is told “cash is king.” It may seem to follow that having a very large amount of cash could nev
Read MoreNonqualified stock options demand tax planning attention
Your compensation may take several forms, including salary, fringe benefits and bonuses.
Read More3 midyear tax planning strategies for business
Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it wil
Read MoreLook beyond EBITDA
Earnings before interest, taxes, depreciation and amortization (EBITDA) is commonly used to assess financial health and evaluate investment decisio
Read MoreWhen does your nonprofit owe UBIT on investment income?
In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income (UBI).
Read MoreMake sure your company is prepared for any disaster
What could stop your company from operating for a day, a month or a year? A flood or fire?
Read MoreOwn a vacation home? Adjusting rental vs. personal use might save taxes
Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax co
Read MoreAll fringe benefits aren’t created equal for tax purposes
According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is “a form of pay (including property, services, cash or cash eq
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