Even if you've long expected it, receiving an inheritance can be somewhat disorienting — particularly if it's a large windfall that could alter your current standard of living....
Blog
Roth Retirement Options: Are They Right For You?
The Roth IRA, a retirement plan option for more than 25 years, was joined in 2006 by the employer-sponsored Roth 401(k) plan, also known as a "designated Roth account." Both...
Handling Financial Affairs After Remarriage
While estate planning can be complex for all families, it can be especially complicated for those who remarry. In addition to considering your spouse and children in your current...
Factoring Industry Risk into the Business Valuation Equation
There's generally a trade-off between risk and return in business valuation. Investors expect to receive a higher return as a company exposes them to greater risk....
Keys to Avoiding Payroll Tax Trouble
What would happen if your company failed to pay the IRS payroll taxes when they're due? You could be on the hook for penalties and, if you're treated as a "responsible party,"...
Family and Medical Leave: Does Your Program Qualify for the Tax Credit?
In a tight labor market, paid family and medical leave is rapidly becoming more of an expected benefit than just a perk. The good news is the Section 45S federal tax credit for...
Beneficial Ownership Information Reporting Requirement
Effective January 1, 2024 – MANDATORY REPORTING The Corporate Transparency Act (“CTA”) enacted in 2021 requires many companies doing business in the United States to report...
6 Tax Angles to Layoffs
After a robust job market over the last few years, layoffs are now on the rise. Through November 2023, employers have announced nearly 690,000 job cuts this year, an increase of...
5 Ways Financial Advisors Can Help Start-Ups Succeed
Every business starts with a "seed" idea that germinates into a fledging business under the right conditions. The decisions that owners make when launching a start-up will impact...
7 Tax Breaks for Parents
It's challenging and expensive to be a parent. The average annual cost of raising a child in the United States is $21,681, after factoring in tax exemptions and credits,...