Retirement savings

Are Your Retirement Savings Safe from Creditors?

A primary goal of estate planning is asset protection. After all, no matter how well your estate plan is designed, it won’t do much good if you wind up with no wealth to share with your family.  Are your retirement savings safe from creditors? If…
holding joint title

Holding Joint Title to Property with Children

Holding joint title on property with one or more children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it can produce unintended — and costly — consequences.  Know what to expect before owning assets…
Lost Sales Opportunities

Could Your Lost Sales be Lost Opportunities?

“Sorry, we don’t carry that item.” Or perhaps, “No, that’s not part of our service package.”  How many times a year do your employees utter these words or ones like them? Lost sales are lost opportunities. The specific number is…
Company disaster

Is Your Company Prepared for any Disaster?

What could stop your company from operating for a day, a month or a year? A flood or fire? Perhaps a key supplier shuts down temporarily or permanently. Or maybe a hacker or technical problem crashes your website or you suddenly lose power.…
too much cash

Do you have Too Much Cash in your Business?

Does 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 never be a bad thing. But, the truth is, a company that’s…
W-2 scam
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Phishing Scams. IRS Warns: "Don't Take the Bait"

The IRS warns that tax professionals are increasingly the targets of phishing scams. Increase cyber security and beware of email that appears to be from friends, customers or companies. In conjunction with their Security Summit, the IRS…
selling investments
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Details Matter When you are Selling Investments

The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as how much you paid for the investment vs. how much you’re selling it for, whether…
Portability extension

IRS Portability Election Extension Simplified

Last month, the IRS issued a Revenue Procedure that simplifies the Portability election extension. This allows certain estates to make a late portability election without first filing a ruling request. Portability is a tax law provision that…
corporate assets

Separate Real Estate from Corp Assets to Reduce Taxes

It’s common for a business to own not only typical business assets, such as equipment, inventory and furnishings, but also the building where the business operates — and possibly other real estate as well. There can, however, be negative…
donations
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3 Tax Breaks for Business Charitable Donations

Donating to charity is more than good business citizenship; it can also save tax. Some business owners may not be aware of some of the lesser-known federal income tax breaks. Here are 3 tax breaks for business charitable donations: 1. Food…