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Internal Control Communications Build the Relationship and Trust with a Client
July 19, 2021
Auditors are required to gain an understanding of the internal control environment at the client (which is not an audit of internal controls) in order…
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Eligible Businesses can Claim the Employee Retention Tax Credit
July 12, 2021
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in…
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Hiring your minor children this summer? Reap tax and nontax benefits
June 28, 2021
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain…
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A New Cybersecurity Model May Be Coming Your Way
June 21, 2021
The enormous supply chain for the U.S. military is comprised of an estimated 300,000 businesses, including wholesalers, distributors, retailers, suppliers, and sub-suppliers, among many diverse…
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June142021
Deemed Sales Proposal and the Elimination of the Step-up Basis

Step-up basis has been a mainstay in estate planning for more than 100 years. Upon a decedent’s death, assets in his or her estate are generally eligible for an automatic […]

May032021
Who Ultimately Pays for Your Estate Taxes?

“Wow! My uncle left me $100,000 in his will. Wait, what?! I only received $60,000. What happened to the difference? Did my cousins steal some of my inheritance?” This might […]

March292021
Is There a Chance That My Assets Will Be Lost After My Death?

Have you ever found money in your pockets that you have forgotten about? I know I have on multiple occasions. Forgetting about an asset is a common occurrence for people, […]

February222021
Thinking about leaving your wealth behind? Well, think again!

With Joe Biden as president and the Democrats in control of both chambers of Congress, we should expect changes coming to the federal tax law. President Biden has promised a […]

November092020
The Executor’s Role

If you have been named as an executor (or if you are choosing your own executor) it is important to understand the duties and responsibilities of this role. Today’s blog […]

October122020
A Fiduciary Roadmap

If you are like most people, your life is complicated. There are a lot of moving parts, a lot of puzzle pieces. If you sometimes find it challenging to manage […]

September292020
The Pros and Cons of Lifetime Gifts

In my last post, I alerted you to the fact that the federal gift and estate tax exemptions‰ÛÓ now at a record high of $11.58 million per individual for 2020–would […]

September142020
Planning with the Increased Exemption Amounts, While they Last…

The federal gift, estate, and generation-skipping transfer (“GST”) tax exemptions are currently at an all-time high of $11.58 million per individual for 2020 ($23.16 million for a married couple).   However, […]

September082020
Estate Planning and Divorce

If you’re going through a divorce, you probably feel overwhelmed. Not only is it a difficult time emotionally, but there are a lot of legal and financial decisions you have […]