Do You Know the Tax Consequences of Selling Appreciated Land?

Individual taxpayers who own appreciated vacant land should know the tax consequences before they sell or subdivide. Here’s critical federal tax guidance for these individuals. Important: For purposes of this article, we’ll assume that you own the lots...

Remote Work Policies Can Bring Up Some Thorny Issues

You and your valued employees who work far from headquarters can encounter two administrative issues that possibly neither of you contemplated when the remote-working arrangement was agreed to: 1. What happens to health benefits if there are no providers in your...

Work or Pleasure: The Tax Rules for Hybrid Travel

With business travel picking up again and summer fast approaching, many business owners may be mulling trips that combine work with vacation or other personal activities. A quick refresher on the IRS rules related to deducting business vs. personal travel costs can...

Keep Cybercriminals from Stealing Your Business’s Brand

When criminals steal an individual’s identity, the victim can take steps to minimize potential damage by, for example, notifying credit agencies and freezing bank accounts. But what happens if a cybercrook steals a company’s identity and uses it to engage...

How to Keep Your Business Strong Despite Inflationary Pressures

Over the last year, consumer prices rose 7.9%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index covers the prices of food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and...

Keep Cybercriminals from Stealing Your Business’s Brand

When criminals steal an individual’s identity, the victim can take steps to minimize potential damage by, for example, notifying credit agencies and freezing bank accounts. But what happens if a cybercrook steals a company’s identity and uses it to engage...

Do Valuation Discounts Apply to Compulsory Shareholder Buyouts?

Valuation discounts for lack of control and marketability are major points of contention when companies or controlling shareholders are required to buy out shareholders who own minority interests. What’s appropriate depends on the facts of the case — and...

Split Annuities Help Retirees Meet Multiple Objectives

As Americans live longer in retirement — often for several decades — it becomes more challenging to plan for a consistently high standard of living. In addition to maintaining retirement income, you may also want to pass on some wealth to your family. To achieve both...

What’s Your Carbon Footprint?

Many people are concerned about climate change. In fact, 80% of people in a recent Pew Research survey said that they’d be willing to make changes in the ways they live and work to help reduce the effects of global climate change. What changes can you make?...