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Timelines: 3 ways business owners should look at succession planning
Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
We have prepared a selection of frequently asked questions.
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Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
2 min read
There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing...
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Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole...
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Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated...
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After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you...
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If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires...
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There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
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Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to...
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It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships...
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For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options:...
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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...
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Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise...
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If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...