Business Succession and Estate Planning Should Be Inseparable
If you’re a business owner, your company is likely your most valuable asset. To ensure it survives after you’re gone, you first need a succession plan that will provide a smooth transition of the business to one or more of your children (assuming you want to keep it in the family). In addition, you need […]
Home Sale: Failure to Plan may Raise Your Tax Bill
As the saying goes, there’s nothing certain in life except for death and taxes. But when it comes to selling your home, proactive tax planning can help you reduce your federal income tax bill. A Costly Mistake to Avoid Let’s say Tom is a soon-to-be married homeowner who’s looking to sell his principal residence. If […]
Don’t Wait Until the Last Minute to File Your Extended Return!
If you requested an extension to file your 2023 tax return, you probably know that the extended deadline is coming up soon, on Oct. 15. If you have the information you need, consider filing now. There’s no advantage to waiting, and last-minute filing may lead to worry. If you’re concerned about paying any tax owed, […]
An Employee Benefit with Possible Magnetic Power
Employers seeking to attract new recruits and retain talent should consider offering educational assistance programs to their employees. The plans aren’t new, but they temporarily offer greater flexibility in how they work. Through Dec. 31, 2025, the funds can be used to help employees pay their federal student loan debts. According to the U.S. Dept. […]
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Feature Articles
Tax Tips
- Seniors: A Tax-Wise Alternative to Selling Your Appreciated Home
- Use It or Lose It: Your 2024 Gift Tax Annual Exclusion
- Recovering Lost Documents and Receiving Tax Relief After a Natural Disaster
- An IRA Withdrawal Strategy with Tax-Reducing Power
- Factoring the QBI Deduction into Year-End Tax Planning for Your Business
QuickBooks Tips
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