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1 min read
Should You Buy or Lease?
Is it better to buy or lease business assets? The answer can be complicated. One rule of thumb: It's generally better to lease assets that will...
2 min read
The “Kiddie Tax” Hurts Families More Than Ever
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from...
2 min read
Take a Closer Look at Home Office Deductions
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return....
2 min read
Naming a Trustee May Be One of the Most Important Decisions of Your Life
When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer assets for beneficiaries, avoid...
1 min read
M&A Transactions: Avoid Surprises From the IRS
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report...
Do You Have the Correct Amount of Insurance?
As risk management consultants, we don't sell insurance. Instead, we analyze a company's exposure to loss and recommend the best procedures and...
Consultants Can Help Your Business Achieve Success
Like business executives, you may have expertise in marketing, production and sales. Yet the short and long-term profitability of your company relies...
1 min read
Assets with Sentimental Value Require Extra Planning
When planning your estate, you’re likely focused on major assets, such as real estate, investments and retirement plans. But it’s also important to...
2 min read
Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be...
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1 min read
Create a Plan for Family Business Succession
Sooner or later, it will be time to "hand over the reins" to the younger generation. But it's not as simple as walking out the door at retirement...
1 min read
Starting a New Business or Organization
When starting a new venture, there are a variety of entity choices -- although some will be easily ruled out based on your operation. Most entities...
2 min read
Which Entity Is Most Suitable for Your New or Existing Business?
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax...
2 min read
If Your Kids Are off to Day Camp, You May Be Eligible for a Tax Break
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You...