Tax Planning

Consider your potential charitable deduction before donating artwork

Thinking about donating a painting, sculpture or other work of art to charity? Read this first to help ensure your tax deduction will be what you expect.
May 19, 2026
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If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Special substantiation and appraisal rules may apply as well. Relation to charitable function Your deduction for a donation of art will generally be reduced if the […]
#ArtDonations, #CharitableGiving, #TaxPlanning
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Risk Management

What you need to know about business insurance

How can you make the best insurance decisions for your business? Obviously, you don’t want to overpay for unnecessary coverage. But you also don’t want to skimp where risk is high. Start by reviewing common policies.
May 14, 2026
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Given the many potential threats to your business’s assets, cash flow and human resources, which types of insurance products and how much coverage do you need? Some organizations pay for policies that don’t make sense based on their industry or operations. Others have inadequate coverage where risk may be significant. What about your business? It […]
#BusinessInsurance, #Cybersecurity, #RiskManagement
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Tax Planning

Moving to a new state? Review the tax implications first

A change in state residency has tax implications beyond income taxes. Find out what tax factors to look at before relocating.
May 13, 2026
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Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary widely from state to state. And establishing residency for tax purposes may be more complicated than you expect. Before moving, be sure you understand how changing states could affect your overall tax situation. A variety […]
#EstatePlanning, #RetirementLifestyle, #TaxPlanning
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Cybersecurity

Tax identity theft: Businesses are at risk, too

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Learn the warning signs and ways to fortify your defenses.
May 12, 2026
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Tax identity theft isn’t limited to individual taxpayers — businesses are also targeted through their Employer Identification Numbers (EINs), payroll systems and tax filings. The financial impact of these crimes can be significant. Businesses may face delayed or stolen tax refunds, unauthorized payroll filings, and the time and expense of resolving IRS issues. There may […]
#BusinessSecurity, #Cybersecurity, #IdentityTheftProtection
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Retirement Planning

2 retirement plans for small businesses with lean budget

SEP and SIMPLE IRAs are particularly suited to small businesses with tight budgets. Read on to learn about the benefits and potential disadvantages of these cost-effective employee retirement savings options.
May 7, 2026
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Most business owners would like to offer their employees a 401(k) retirement savings plan with all the bells and whistles. But for small businesses with lean budgets and small staffs, offering such benefits may be out of the question. Fortunately, SEP IRAs and SIMPLE IRAs are less expensive and easier to administer. Might one of […]
#RetirementPlanning, #SEPIRA, #SmallBusinessBenefits
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Tax Planning

Fine-tune your tax withholding after filing your return

Keeping your withholding aligned with your expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time. Learn how to fine-tune it.
May 6, 2026
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Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too little was withheld from their paychecks. A small difference is to be expected, but withholding that’s significantly off target can have negative consequences. Overwithholding reduces the amount available to you […]
#TaxPlanning, #TaxTips, #Withholding
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Cost Segregation

Cost segregation studies can reveal substantial tax savings

Does your business own commercial real property? A closer look at your building costs could change how quickly you can deduct those expenses. A cost segregation study can uncover tax savings hidden in plain sight.
May 4, 2026
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Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings — and a cost segregation study can be the key to unlocking it. This is a strategic tool that combines accounting and engineering techniques to identify building costs that are properly allocable to tangible personal property rather than […]
#CostSegregation, #RealEstateTax, #TaxSavings
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Mergers & Acquistions

Strategic alliances: Collaborate now, possibly combine later

Interracial,group,of,young,Strategic alliances aren’t just about expanding market reach, achieving operational synergies or improving profitability. They can also help your business “audition” for a future merger. Here’s how.
April 30, 2026
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Even if you aren’t currently preparing to sell your business, you might want to think strategically about your eventual buyer. Sophisticated buyers won’t only look at your financials, they’ll also evaluate how your company fits into their long-term business plan. One way to strengthen current profitability and future exit options is with a strategic alliance. […]
#BusinessStrategy, #ExitPlanning, #MergersAndAcquisitions
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Financial Planning

Tax mitigation strategies when rebalancing your investment portfolio

Rebalancing your investment portfolio periodically is necessary to maintain your desired asset allocation, which can help manage risk and achieve your goals. Here are some tips for tax-smart rebalancing.
April 29, 2026
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Large stock market gains in recent years, coupled with some significant volatility in 2026, have left many investors with portfolios that are out of balance with their desired asset allocation. If you haven’t rebalanced recently, it may be time to do so. But you also must consider the tax implications. Careful planning can minimize the […]
#FinancialPlanning, #InvestmentStrategy, #PortfolioManagement
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