Retirees have many options when choosing where to live. While climate, proximity to family, and the cost of housing will likely factor into the decision about where to retire, prospective retirees should also take into account the amount of taxes they will owe in the state and town where they have their primary residence.
Is your growing business still a one-person operation? As your company continues to grow and the workload increases, it is easy to find yourself not having enough hours in the day to accomplish everything that needs to be done. At such a turning point, many small business owners turn to their families for help.
Advance directives are legal instructions that express a person’s wishes regarding financial and health care decisions in the event that he or she becomes unable to make them. If incapacity occurs and there are no advance directives, is guardianship a viable option?
The April 15th tax deadline always seems just around the corner. Preparing in advance to file your federal income tax return might help make a sometimes overwhelming process easier to tackle.
What would happen to your business and your family should you become disabled or die unexpectedly? Do you have key employees or family members who could step in and run the company in your absence?
Estate planning often involves the coordinated efforts of an estate planning team consisting of your attorney, accountant, and financial services professional. However, whether establishing a new estate plan or revising an existing one, only you can provide the guidance, direction, and information needed to develop an effective plan.
Basic income tax planning starts with an understanding of how various types of income are taxed, what kinds of deductions are allowable, and where the “break points” fall in applying the tax rates.
Have you ever considered the impact of losing key personnel from your business and how such a turn of events might affect your company?
A LOVEABLE TROUBLEMAKER Exciting dog news this March! The end of this month will mark the one-year anniversary of bringing home our Bernese puppy, Skylar.
On March 4, 2016, the IRS issued proposed and temporary regulations regarding the basis of property acquired from a decedent. The purpose of the regulations is to ensure that a recipient's basis in certain property acquired from a decedent is consistent with the value of the property as ultimately determined for federal estate tax purposes.
