by angieduran | Mar 23, 2022 | Uncategorized
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so anyway. Who...
by angieduran | Mar 21, 2022 | Uncategorized
Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or other retirement plans. Fortunately, there may be ways to minimize or even eliminate the IRD...
by angieduran | Mar 18, 2022 | Uncategorized
There are major federal income tax incentives for manufacturers to buy new equipment. Yet leasing equipment can be a better choice for some companies. How do you decide what to do? There are many factors and potential benefits to weigh. Here’s a quick look. Tax...
by angieduran | Mar 17, 2022 | Uncategorized
The COVID-19 pandemic has put unprecedented stress on private business owners. Some are now considering selling their businesses. Before putting your business on the market, it’s important to prepare it for sale. Here are six steps to consider. 1. Clean up the...
by angieduran | Mar 16, 2022 | Uncategorized
Precise language is critical in wills, trusts and other estate planning documents. A lack of clarity may be an invitation to litigation. An example of this is the dispute that arose after Tom Petty’s death, between his widow and his two daughters from a previous...
by angieduran | Mar 14, 2022 | Uncategorized
A gradual decline in expected gross profits over the course of a project is known as “profit fade.” It not only undermines the financial performance of construction companies, but also may raise red flags with sureties and lenders. For these reasons, contractors face...
Recent Comments