Today, it’s not unusual for a household to include children and even grandchildren from prior marriages. These various blended family arrangements require specific estate planning strategies.
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Nonprofits that use Real-Time Strategic Planning align their daily actions with their overall strategy. This can result in more donations, media coverage and other advantages. Learn more.
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If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with children under the age of 17, as well as a dependent credit for older children.
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Do you operate your business from home or perform certain functions at home that are related to your business? You might be able to claim home office deductions on your tax return.
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Planning on picking up stakes and moving abroad? Before making the move, learn the financial pitfalls and review your estate plan.
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Annual independent audits don’t have to be stressful. If you devote proper time and attention to accounting throughout the year, you may even find audits affirming. Here’s how to prepare.
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If you conduct your business as an S corporation, you’ll be subject to income tax, but not self-employment tax, on your share of the S corporation’s income. Could this be the entity for you?
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In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option.
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Should you become incapacitated, a durable power of attorney authorizes your agent to manage your financial affairs. But without proper safeguards in place, it’s at risk for abuse.
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Does your nonprofit’s board understand the financial information they receive? Are members able to spot irregularities and warning signs? It could determine your organization’s future.
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There are many ways to conduct a business for tax purposes, including as an S corporation or a partnership. But many new ventures start out as sole proprietorships. Here are nine tax rules and considerations involved in operating as that entity.
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Repeal of “Parking Tax” on exempt employers
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Employers in the food and beverage industry may be eligible for a valuable tax break with the FICA tip credit. Here’s how it works.
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A solid gifting strategy often is the backbone of an estate plan. Knowing when a gift tax return must be filed can keep you on the right side of the IRS.
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The rules for deducting charitable gifts can be confusing. Here’s a quick cheat sheet. Review it so you can help your nonprofit’s donors make the best decisions.
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Saving for retirement is essential for financial security and the government provides tax incentives. If you’re eligible, you still have time to contribute to an IRA, Roth IRA or SEP and benefit on your 2019 tax return.
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With many of the provisions of the SECURE Act now in effect, do you know how they might affect your business?
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Basis consistency rules may not be the first thing on your mind if you’re expecting to inherit property from a family member or other loved one. But it may be time to brush up on these regulations.
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