Some might consider it a good problem to have: saving too much money for college. But if the money is held in a Section 529 college savings plan, there could be tax consequences...
Oops, You Overfunded Your 529 Plan
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Are you liable for “nanny taxes”?
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand...
Are you liable for “nanny taxes”?
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand...
Working Remotely from “Out of State” Can Be Taxing
The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: an increase...
Lowdown on Federal Tax Proposals for Individuals and Businesses
The U.S. Department of Treasury released its "Green Book" in May entitled, "General Explanation of the Biden administration's Fiscal Year 2022 Revenue Proposals." It contains...
Tax Consequences of Offering Innovative Benefits
Although some companies that sent workers home during the pandemic have returned them to the office, many businesses continue to rely on remote workers. At the same time,...
A Direct Way to Save Time and Money
When you hear the term "direct deposit," you may think about payroll but that is not the only way businesses can use this time and money-saving service. What about the checks you...
How Elements of Control Affect Value
We've all heard the phrase that the "whole is greater than the sum of its parts." But you might not know that the same theory can apply in the valuation of interests in a...
Joint Ownership: Estate Planning Do or Don’t?
Estate planners often tout the virtues of owning property jointly — and with good reason. Joint ownership generally offers several advantages for surviving family members. But...
Using Business Value as a Benchmark
The ultimate indicator of how well a company and its management are performing is how much the company is worth. Any performance measurement or benchmarking system should include...