Roundup of Individual Tax Changes For 2023
Two pieces of tax legislation have brought about several tax changes for 2023 that may affect you. The legislation includes the Inflation Reduction Act and the Secure 2.0 Act. Here…
eNewsletter
Business Succession Planning
Volume 11 Issue 2, eNewsletter
The Importance of Business Succession Planning Every business – large and small – needs a business succession plan. Just like Warren Buffett and Jeff Bezos prepared for the day that…
New Personal Finance Provisions in the 2.0 Secure Act
Volume 11 Issue 2, eNewsletter
The Continuing Appropriations Act, enacted at the end of 2022, included several provisions that impact retirement plans going forward. Specifically, the legislation enacts SECURE 2.0, an updated version of the…
What Actions Can Data-Breach Victims Take?
Volume 11 Issue 2, eNewsletter
Over the years, millions of individuals have been affected by data breaches, where their sensitive data is accessed by unauthorized cybercriminals or publicly exposed. A data breach can result in…
Understanding Tax-Deferred Investing
Volume 11 Issue 1, eNewsletter
When you are attempting to defer the taxability of a capital gain, save money for your children’s future education or plan your retirement finances, you may do so in several…
Common Family Tax Mistakes
Volume 11 Issue 1, eNewsletter
When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The following are some commonly encountered situations and the tax ramifications…
Important Information for S-Corp Shareholders and Partners of a Partnership
Volume 11 Issue 1, eNewsletter
There is an important issue related to filing the 2022 S-corporation (Form 1120-S) and partnership (Form 1065) tax returns that requires the cooperation of the shareholders and partners. Background: The…
Your Annual Reminder to File Worker 1099s
This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are…
Should You Upgrade Your Homeowners Insurance?
Volume 10 Issue 3, eNewsletter
During the first year of the pandemic, many homeowners spent their downtime upgrading their homes. 2020 alone saw a three percent uptick in spending on home improvements – to the…
Stock Splits, Explained
Volume 10 Issue 3, eNewsletter
Imagine selling slices of a large pizza. You can cut it into four even slices and charge $2 a slice. Or, you can cut it into eight even slices and…