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Watch out for “income in respect of a decedent” issues when receiving an inheritance
Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too...
We have prepared a selection of frequently asked questions.
2 min read
Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too...
2 min read
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
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If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum...
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Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their...
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Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In...
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Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries...
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Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the...
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If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a...
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If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still...
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When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need...
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The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped...
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Meet Alex, a high-level executive who's accumulated a significant amount of low-basis stock in his company. Alex is keen to diversify this...
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No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According to the...