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Blog

Business people sitting at table having a meeting working on laptop and looking at reports
Posted in: Business Planning & Consulting

Risk Management: 8 Ways to Reduce Business Insurance Costs

July 31, 2023 0

Risk Management: 8 Ways to Reduce Business Insurance Costs

How much money is your business spending on insurance products? Insurance is often a major business expense, and it can be a lifesaver when the unexpected happens. […]

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Illustration of a laptop with a sheet of paper on it that says Payroll, behind it is a target, calculator, financial report, wallet, dollar bills and coins
Posted in: Payroll

10 Payroll Issues for Small Businesses

July 27, 2023 0

10 Payroll Issues for Small Businesses

You may not think of your small business’s payroll function as risky. But if you don’t properly handle certain payroll challenges, you may risk IRS scrutiny, operational […]

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Land,for,sale,sign,against,trimmed,lawn,background.,empty,dry
Posted in: Tax Planning

A tax-smart way to develop and sell appreciated land

July 25, 2023 0

A tax-smart way to develop and sell appreciated land

Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them off for […]

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Young man and woman sitting at a desk looking at their laptop
Posted in: Tax Planning

Poor Planning Can Lead to Double Taxation of Trusts

July 20, 2023 0

Poor Planning Can Lead to Double Taxation of Trusts

These laws can complicate things, as beneficiaries might move at any time. Bear in mind, too, that states may have broad definitions for the term […]

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Cloudy blue sky with 2 white street signs. 401k Limits n one and IRA Limits on the other
Posted in: Retirement Planning

Retirement account catch-up contributions can add up

July 19, 2023 0

Retirement account catch-up contributions can add up

If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here […]

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Invoice,concept,cell,background, D,illustration
Posted in: Business Planning & Consulting

Strong billing processes are critical to healthy cash flow

July 12, 2023 0

Strong billing processes are critical to healthy cash flow

Once a business is up and running, one fundamental aspect of operations that’s easy to take for granted is billing. Often, a system of various processes […]

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Deskscape of a notepad with the phrase Estate Tax Basis Planning and also a plant. glasses and pen.
Posted in: Estate Planning

Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”

July 11, 2023 0

Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How do the […]

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Senior African American Couple Using Laptop
Posted in: Tax Planning

Are Your Social Security Benefits Taxable?

July 10, 2023 0

Are Your Social Security Benefits Taxable?

Many retirees have seen their social security benefits increase in 2023 due to a cost-of-living adjustment that was higher than in the past years.  Further […]

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Hands typing on keybard with the headline TAX SCAM
Posted in: General

That email or text from the IRS: It’s a scam!

July 6, 2023 0

That email or text from the IRS: It’s a scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through […]

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Solo, K,text,in,search,bar.,businessman,looking,for,something
Posted in: Retirement Planning

Solo business owner? There’s a 401(k) for that

July 5, 2023 0

Solo business owner? There’s a 401(k) for that

If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a 401(k) might seem […]

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Illustration of a hand holding a bag of money over another hand that is outstretched on a light blue background
Posted in: Estate Planning

Deciding When to Transfer Wealth: Factors to Consider

June 30, 2023 0

Deciding When to Transfer Wealth: Factors to Consider

Should you transfer wealth during your lifetime or transfer it to heirs after your death?  Answering this question can be complicated because many factors are […]

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Tax,penalty,word,on,calculator.,business,and,tax,concept.,time
Posted in: Tax Planning

The Trust Fund Recovery Penalty: Who can it be personally assessed against?

June 29, 2023 0

The Trust Fund Recovery Penalty: Who can it be personally assessed against?

If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust […]

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