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Blog

For unmarried couples, estate planning is indispensable

September 17, 2018

Estate planning is important for everyone, but even more so for unmarried couples. State intestacy laws don’t protect the relationships of these folks. Learn more about what steps unmarried couples can take to ensure their estates are settled as they wish.

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Are you ready to expand to a second location?

September 17, 2018

Adding a second location is a major event in any company’s history. But rushing into this accomplishment could leave you vulnerable to financial misfortune or even ruin. Let’s slow down and discuss.

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Business deductions for meal, vehicle and travel expenses: Document, document, document

August 24, 2018

Business meal, vehicle and travel expense deductions can be a hot button for the IRS. Is your business properly documenting them?

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Addressing long-term care costs with a tax-qualified LTC insurance policy

August 24, 2018

If a primary goal of your estate plan is to leave as much of your wealth as possible to your family, it’s critical that you address how to pay for long-term care (LTC) should you need it. One option is a tax-qualified LTC insurance policy.

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Get SMART when it comes to setting strategic goals

August 15, 2018

They say the devil is in the details. This certainly holds true for strategic planning, where setting vague or impossible goals can be a company’s undoing. Maybe it’s time to get SMART.

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Have you made your burial wishes clear?

August 15, 2018

For some people, considering funeral and burial wishes is an upsetting part of estate planning. However, it’s important to communicate them clearly. Learn why.

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Do you still need to worry about the AMT?

August 9, 2018

The alternative minimum tax (AMT) has long been a worry to many individual taxpayers. Learn how TCJA changes might affect your AMT risk, and see our AMT planning tips.

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Do you qualify for the home office deduction?

August 9, 2018

The TCJA has narrowed the scope of who can claim the home office deduction. But certain business owners and self-employed taxpayers may still be eligible.

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Close-up on the new QBI deduction’s wage limit

July 20, 2018

The TCJA’s new deduction for owners of pass-through entities can be 20% of qualified business income. But a wage-based limit applies if an owner’s taxable income exceeds certain levels. Find out how the limit works.

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3 traditional midyear tax planning strategies for individuals that hold up post-TCJA

July 20, 2018

Midyear tax planning is important, especially this year. Here are three strategies to consider.

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Does your business have to begin collecting sales tax on all out-of-state online sales?

July 11, 2018

In late June, the U.S. Supreme Court expanded the ability of states to collect sales tax from out-of-state online retailers. If your business makes online sales to out-of-state customers, here’s what you need to know.

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The tax impact of the TCJA on estate planning

July 11, 2018

Your estate plan may need a tax update in light of the Tax Cuts and Jobs Act, even if your estate is well under the new $11.18 million estate tax exemption.

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Home green home: Save tax by saving energy

July 6, 2018

If you invest in certain green equipment at home, you can save green in the form of tax credits (not to mention the savings on energy costs going forward). Learn what qualifies and how much you can save

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Is your inventory getting the better of you?

July 6, 2018

As every business owner knows, maintaining just the right amount of inventory is no easy task. Here’s how to manage it effectively.

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Finding a 401(k) that’s right for your business

June 28, 2018

When ready to offer a 401(k) plan, business owners shouldn’t assume they’re limited to a “traditional” plan. There are other types of 401(k)s that may better suit your company.

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Do you know the ABCs of HSAs, FSAs and HRAs?

June 28, 2018

“HSA,” “FSA” and “HRA” may seem like groups of letters you might spot floating in your alphabet soup. But they actually are three kinds of accounts that offer tax-advantaged funding of health care expenses. Here’s a quick comparison.

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Time for your midyear financial checkup

June 22, 2018

It's midyear - pull over and check your progress toward financial goals.

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The pros and cons of a SCIN

June 19, 2018

The old saying goes, “Nothing is certain except death and taxes.” Sometimes a premature death can actually increase taxes. How? It harms the effectiveness of certain estate planning techniques. A self-canceling installment note (SCIN) can be a solution.

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2 tax law changes that may affect your business’s 401(k) plan

June 19, 2018

If your business sponsors a 401(k) plan for its employees, it’s important to keep up with tax developments related to such plans. For example, the Tax Cuts and Jobs Act and the Bipartisan Budget Act both included 401(k) plan changes you need to know about.

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Factor in state and local taxes when deciding where to live in retirement

June 7, 2018

Trying to decide where to retire? To avoid unpleasant tax surprises, it’s critical to consider state and local income, property, sales and estate taxes.

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Ask the right questions about your IT strategy

June 7, 2018

Today’s technology takes care of itself, right? Not exactly. Today’s business owners need to be vigilantly curious about whether their IT strategies are working and what could use an upgrade.

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Putting your child on your business’s payroll for the summer may make more tax sense than ever

May 31, 2018

Business owners with children who are students in their teens or early 20s can save taxes by hiring them for the summer. Learn more.

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Don't let your employees get taxed twice - set up an accountable plan

May 31, 2018

Unless your company has an accountable plan, reimbursements to employees for business-related expenses are subject to income and payroll tax withholding.

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Be aware of the tax consequences before selling your home

May 15, 2018

The TCJA preserves the home sale gain exclusion, so if you’re selling your principal residence, you may be able to exclude up to $250,000 ($500,000 for joint filers) of gain. Learn more about the tax treatment of home sales.

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Can you deduct business travel when it’s combined with a vacation?

May 15, 2018

If you go on a business trip within the United States and tack on some vacation days, you might be able to deduct some of your expenses. Here’s what you need to know.

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Do you need to adjust your withholding?

May 10, 2018

Post-TCJA withholding tables could put you at risk of significantly underwithholding your federal income taxes and being hit with an unexpectedly high tax bill when you file your 2018 tax return next year. Here’s what to do to avoid this outcome.

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Cost control takes a total team effort

May 10, 2018

High business expenses can creep up from many directions. That’s why every company needs multiple eyes keeping watch, from management to employees to outside advisors. A cost control program can help.

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Beware IRD if you’ve received an inheritance

May 3, 2018

The adage “don’t look a gift horse in the mouth” is often applied to inheritances. But for certain types of assets, a thorough inspection may reveal an unexpected tax bite. Learn about the tax impact of inheriting IRD property.

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A review of significant TCJA provisions affecting small businesses

May 3, 2018

For small businesses and their owners, the key to maximizing 2018 tax savings from the Tax Cuts and Jobs Act is to be familiar with the act’s significant provisions and begin tax planning now.

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A net operating loss on your 2017 tax return isn’t all bad news

April 26, 2018

Business net operating losses can provide valuable tax benefits. The rules, however, have always been complicated, and the TCJA has complicated them further.

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A total return unitrust can help maintain family harmony

April 26, 2018

By aligning your beneficiaries’ interests, a TRU can relieve tension among your loved ones and allow your trustee to concentrate on developing the most effective investment strategy.

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4 estate planning techniques for blended families

April 19, 2018

If you’re married and have children from a previous marriage plus children or stepchildren from your current marriage, you have a blended family. Under these circumstances, estate planning can get tricky. Here are some planning techniques.

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TCJA changes to employee benefits tax breaks: 4 negatives and a positive

April 19, 2018

Last December’s tax reform law reduces or eliminates tax breaks in 4 employee benefit areas of note. But on the plus side, it creates a tax credit for providing paid family and medical leave. The changes will affect businesses as well as employees.

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7 ways to prepare your business for sale

April 13, 2018

Putting a “for sale” sign out in front of your company is a major undertaking. So, if your succession plan involves selling the business, be sure you’re ready for the many details involved.

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You still have time to make 2017 IRA contributions

April 6, 2018

Have you made your 2017 IRA contributions? Just because we’re in 2018 doesn’t mean it’s too late. But you need to act soon.

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The fine line between a business or hobby

March 29, 2018

Under the new tax law you can’t deduct hobby expenses.

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Defer tax with a Section 1031 exchange, but new limits apply this year

March 22, 2018

There had been some concern that tax reform would include the elimination of tax-deferred like-kind exchanges. The good news is that the TCJA still generally allows them for real estate. But there are limits you need to be aware of.

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Power of attorney abuse: What you can do about it

March 22, 2018

Should you become incapacitated, a financial power of attorney authorizes your representative to manage your financial affairs. But without proper safeguards in place, it’s at risk for abuse.

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Make sure repairs to tangible property were actually repairs before you deduct the cost

March 15, 2018

If your business made building or equipment repairs last year, the cost might be fully deductible on your 2017 tax return. But it might not be…

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Size of charitable deductions depends on many factors

March 15, 2018

December’s Tax Cuts and Jobs Act preserves the charitable deduction. But you still might find that you don’t enjoy the same tax benefits from charitable giving in 2018 as you do on your 2017 return.

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5 estate planning tips for the sandwich generation

March 8, 2018

According to the Pew Research Center, a little more than one in eight Americans are concurrently raising a child and caring for a parent. What are the estate planning ramifications for the "sandwich generation?"

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Turning employee ideas into profitable results

March 8, 2018

There may be a great way to boost profitability bubbling in the mind of one of your employees. But you’ll never know it’s there without an effective process for discovering your staff members’ bottom-line-building ideas

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Follow IRS rules to ensure you receive your charitable tax deductions

March 1, 2018

Did you make donations last year as part of your estate plan? If you fail to properly adhere to IRS rules when claiming them on your 2017 return, the IRS could deny your charitable deductions.

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Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future

March 1, 2018

Sec. 179 expensing allows eligible taxpayers to deduct the entire cost of qualifying business property in Year 1, subject to various limitations. Here’s what you need to know.

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Tax deduction for moving costs: 2017 vs. 2018

February 26, 2018

If you moved in 2017, you might be able to deduct some of your moving expenses on your 2017 tax return. Unfortunately, if you move in 2018, it’s a different story.

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5 questions to ask yourself about social media

February 26, 2018

For businesses, using social media can be like walking on eggshells. You want to get noticed, but you don’t want to embarrass yourself. Fine-tuning your objectives can help you find the right balance.

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Small business owners: A SEP may give you one last 2017 tax and retirement saving opportunity

February 15, 2018

It’s not too late for business owners to set up a retirement plan for 2017 and save tax when they file their 2017 return. How? With a Simplified Employee Pension (SEP).

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Families with college students may save tax on their 2017 returns with one of these breaks

February 15, 2018

The recently passed Bipartisan Budget Act of 2018 included an extension of the tuition and fees deduction. But that may not be the best higher-education break to claim on your 2017 return.

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Is your employer withholding enough in taxes?

February 13, 2018

The IRS has updated its 2018 withholding tables. Is your employer withholding enough in taxes?

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Claiming bonus depreciation on your 2017 tax return may be particularly beneficial

February 8, 2018

Bonus depreciation is available for qualified property such as office furniture and equipment. 2017 may be an especially good year to take bonus depreciation on your tax return. Here’s why.

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Life insurance can be a powerful estate planning tool for nontaxable estates

February 8, 2018

If estate taxes aren’t a concern, life insurance still has a place in your estate plan.

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State and local sales tax deduction remains, but subject to a new limit

February 2, 2018

Can the sales tax deduction reduce your 2017 tax bill? Maybe. 2018 savings is more uncertain.

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Business interruption insurance can help some companies

February 2, 2018

Precious few businesses could last long if their operations were shut down by a fire, flood or some other unforeseen disaster. Measure your level of risk carefully and consider business interruption insurance.

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Meals, entertainment and transportation may cost businesses more under the TCJA

January 26, 2018

Entertaining clients, providing meals to employees and offering attractive transportation fringe benefits are important to success for many businesses. Unfortunately, the new tax law curtails deductions for these expenses.

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Can you deduct home office expenses?

January 26, 2018

You might be able to deduct home office expenses for 2017 but not 2018. Here’s why.

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Big data strategies for every business

January 19, 2018

Big data is, in fact, a big deal … for companies large and small.

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Have you taken state estate taxes into account?

January 19, 2018

Higher federal estate tax exemption should prompt a closer look at impact of state death taxes.

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Most individual tax rates go down under the TCJA

January 11, 2018

With a couple of exceptions, the Tax Cuts and Jobs Act reduces individual tax rates. What will your 2018 rate be?

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Find time for strategic planning

January 11, 2018

Business owners spend a lot of time putting out fires. Unfortunately, many spend so much time dousing the flames of operational crises that they neglect strategic planning. This can be a dangerous oversight.

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Tax Cuts and Jobs Act: Key provisions affecting individuals

January 4, 2018

The Tax Cuts and Jobs Act will have a big impact on most individual taxpayers.

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Tax Cuts and Jobs Act: Key provisions affecting businesses

January 4, 2018

Which changes in the Tax Cuts and Jobs Act will affect your business?

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Appointing the right trustee for your living trust provides peace of mind

December 21, 2017

The wrong trustee for your living trust can lead to unintended results after death. To ensure that trust assets will be managed effectively and distributed per your wishes, carefully consider your trustee choice.

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7 steps to choosing a successor for your family business

December 21, 2017

A business can provide a family with wealth and a sense of pride for decades. But transitioning leadership from one generation to the next is difficult. Take a thoughtful approach to picking your replacement.

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What you need to know about year-end charitable giving in 2017

December 14, 2017

The charitable donation deduction hasn’t been proposed for elimination or reduction under tax reform, but there still are reasons to maximize charitable giving this year. Just be sure to follow the rules.

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Make New Year’s resolutions to improve profitability

December 14, 2017

After the bottles have been popped and confetti swept from the floor, business owners will face a new year of challenges. Start thinking now about how to strengthen your company’s bottom line.

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7 last-minute tax-saving tips

December 7, 2017

Consider these tried-and-true year-end tax planning tips that may be extra powerful in 2017.

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2018 Q1 tax calendar: Key deadlines for businesses and other employers

December 7, 2017

Be prepared for the tax-related deadlines your business will face in Q1 of 2018.

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Cutting costs when you’ve gone over budget

November 30, 2017

Busted your business budget this year? Don’t panic … plan!

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Reduce your 2017 tax bill by buying business assets

November 22, 2017

Keep possible tax law changes in mind as you consider buying business assets before year end.

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Could an FSA offer the benefits flexibility you need?

November 16, 2017

Helping employees fund health care expenses can be as simple as three letters: F-S-A.

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Why you may want to accelerate your property tax payment into 2017

November 16, 2017

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. Should you prepay property tax on your home to accelerate your deduction into 2017?

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The write stuff: A letter of instructions

November 3, 2017

Explain your intentions to heirs using plain language in a letter of instructions. Though it has no legal authority behind it, the letter can ease loved ones through a difficult time after your death.

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Fortifying your business with enterprise risk management

November 3, 2017

A variety of risks may one day threaten your business. An enterprise risk management program can be the fortress that helps you ward them off.

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Retirement savings opportunity for the self-employed

October 26, 2017

Contributions to qualified retirement plans generally are tax deductible or pretax. If you’re self-employed, you can boost your tax-advantaged saving by setting up a retirement plan for 2017.

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Valuation often affects succession plans in hard-to-see ways

October 26, 2017

The appraised value of any given company is no simple thing. As you develop a fully formed succession plan, be sure you clearly see the whole picture when it comes to valuation.

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Accelerate your retirement savings with a cash balance plan

October 19, 2017

Many business owners are so focused on their business that they neglect retirement planning. If you’re among them, setting up a cash balance plan for your business can turbocharge your retirement savings.

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A Crummey trust can preserve the annual gift tax exclusion

October 19, 2017

If you want to make annual exclusion gifts to loved ones but retain some control over when they use the gifted assets, consider a Crummey trust.

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Who should own your life insurance policy?

October 12, 2017

Your decision on who should own your life insurance policy at your death depends in part on whether you want to replace income, provide liquidity or transfer wealth to loved ones.

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4 ways to get (and keep) your business data in order

October 12, 2017

They say nature has a tendency to fall into disorder. The same holds true for business data. Here are four ways to keep your digital house in order and get the most from your company’s information.

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Critical connection: How costs impact pricing

October 6, 2017

They say you’ve got to spend money to make money. But are you spending too much? Or charging too little? Electrify your company’s profitability with a strong link between costs and pricing.

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“Bunching” medical expenses will be a tax-smart strategy for many in 2017

October 6, 2017

Accelerating deductible expenses into the current year is one way to reduce your tax bill. Tax reform may make “bunching” medical expenses into 2017 an especially valuable acceleration strategy.

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Investors: Beware of the wash sale rule

September 28, 2017

While no one wants to lose money, realizing a capital loss on an investment can provide tax savings. Don’t let the wash sale rule wash out the tax benefits.

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2017 Q4 tax calendar: Key deadlines for businesses and other employers

September 28, 2017

Business owners need to be aware of the Q4 2017 tax filing deadlines coming up.

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Should your business use per diem rates for travel reimbursement?

September 21, 2017

For businesses with a lot of employees who travel for work, managing the substantiation and reimbursement of these expenses can be an administrative nightmare. Per diem rates simplify the process while preserving tax benefits.

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Why you should boost your 401(k) contribution rate between now and year end

September 21, 2017

Have you been contributing enough to your 401(k) plan in 2017?

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How profitable are your customers?

September 14, 2017

The customer may always be right, but the customer isn’t always profitable. There’s only one way to find out for sure...

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Save more for college through the tax advantages of a 529 savings plan

September 14, 2017

Sec. 529 plans can help you build a large college nest egg via tax-deferred compounding.

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Tax planning critical when buying a business

September 7, 2017

Acquiring another business? All too often, as parties talk sales price and deal structure, many tax issues fall by the wayside. Be sure to include tax planning in your deal negotiations.

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Estate tax relief for family businesses is available … in the form of a deferral

September 7, 2017

Estate tax relief for owners of family businesses is available. Find out if you qualify.

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You don’t have to take business insurance costs sitting down

August 31, 2017

You shouldn’t run your business without proper insurance coverage. But savvy owners can identify ways to lower premiums. Here are some ideas to consider.

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The ABCs of the tax deduction for educator expenses

August 31, 2017

Summer has flown by and now it’s time for students and their teachers to head back to class. Teachers who buy supplies for their classrooms may be eligible for a tax break. Learn more.

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Powers of attorney: Springing vs. nonspringing

August 24, 2017

Two crucial components of an estate plan are powers of attorney for property and for health care. A nonspringing power of attorney is generally preferable to a springing one. Learn why it matters.

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Ensuring a peaceful succession with a buy-sell agreement

August 24, 2017

What can go wrong when a business owner must (or decides to) leave the company? Plenty! Here’s how a buy-sell agreement can help keep the peace.

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How to determine if you need to worry about estate taxes

August 17, 2017

When Congress comes back from its August recess, it’s expected to start addressing tax reform. An estate tax repeal is one reform that’s been proposed, but a repeal may not affect you. Here’s why.

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Listening to your customers by tracking lost sales

August 17, 2017

A profitable new sales opportunity may be right around the corner. But how do you know when to make the turn? By tracking lost sales. We have some great ideas for doing so.

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Material participation key to deducting LLC and LLP losses

August 10, 2017

LLC and LLP owners: Learn what you need to do to be able to deduct current business losses.

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Will Congress revive expired tax breaks?

August 10, 2017

College tuition, mortgage insurance premiums, mortgage debt forgiveness: These might all save you tax on your 2017 return . . . if Congress extends expired breaks for them.

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Are income taxes taking a bite out of your trusts?

August 3, 2017

Trusts are a common estate planning tool because of the many benefits they can provide. But sometimes trust income can trigger high tax rates. Here’s why, plus three ways to soften the blow.

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6 ways to control your unemployment tax costs

August 3, 2017

If your business is paying high unemployment taxes, here’s how to reduce your tax bill.

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3 midyear tax planning strategies for individuals

July 27, 2017

Tax planning is not just a year-end activity. Boost the power of your individual tax planning by implementing these three strategies now.

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The stretch IRA: A simple yet powerful estate planning tool

July 27, 2017

Do you know how to turn an IRA from a retirement tool into an estate planning tool? The answer is to “stretch” it. Doing so is surprisingly simple.

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Keep real estate separate from your business’s corporate assets to save tax

July 20, 2017

Many businesses operate as C corporations so they can buy and hold real estate just as they do equipment, inventory and other assets. But this can be a costly tax mistake.

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Fine-tuning your company’s compensation strategy

July 20, 2017

Are you happy with your company’s approach to compensation? More important, are your employees? It may be time for an adjustment to ensure you’re providing equitable compensation.

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All fringe benefits aren’t created equal for tax purposes

July 13, 2017

Is your business applying the proper tax treatment to the employee benefits you provide?

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Summer is a good time to start your 2017 tax planning and organize your tax records

July 13, 2017

Taxes may not be top of mind during the summer, but a little effort now can pay off later!

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Leaving specific assets to specific heirs is an estate planning no-no

June 30, 2017

Don’t bequeath specific assets to specific heirs. Here’s why, and what to do instead.

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Seasonal business? Optimize your operating cycle

June 30, 2017

Seasonal businesses must strike while the iron is hot. Here’s how to keep cash flow strong.

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Pay attention to the details when selling investments

June 15, 2017

If you want to minimize taxes on your sales of investments, the details matter.

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Dot the “i’s” and cross the “t’s” on loans between your business and its owners

June 15, 2017

Treating transfers of money between a closely held business and its owners as loans can provide tax advantages. But it’s critical to establish that the transaction is truly a loan.

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Are your retirement savings secure from creditors?

June 8, 2017

Provide yourself peace of mind by taking steps now to protect retirement savings from creditors. Qualified employer plans and traditional and Roth IRAs can be at risk to potential creditors’ claims.

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Business owners: Put your successor in a position to succeed

June 8, 2017

Want to ensure your company’s future success? Mentor the person taking over for you.

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Donating a vehicle might not provide the tax deduction you expect

June 1, 2017

Before donating a vehicle, find out the charity’s intent. How the charity will use the vehicle can have a significant impact on your charitable deduction.

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Consider the tax consequences before making an employee a partner

June 1, 2017

Making a key employee a partner can be good for your business, but watch out for tax traps.

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Business owners: When it comes to IRS audits, be prepared

May 25, 2017

Concerned about being audited by the IRS? Here’s what business owners need to know.

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A “back door” Roth IRA can benefit higher-income taxpayers

May 25, 2017

Could you benefit from opening the “back door” to a Roth IRA?

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Hire your children to save taxes for your business and your family

May 16, 2017

Own a business? Have children who are teenagers, college students or new grads? If you hire them this summer, not only can they benefit but you can enjoy tax savings, too.

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Operating across state lines presents tax risks — or possibly rewards

May 10, 2017

Beware: Operating across state lines means possibly being subject to taxation in that state.

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Do you know the tax implications of your C corp.’s buy-sell agreement?

May 3, 2017

A buy-sell agreement is critical to most closely held businesses with multiple owners. But a C corporation’s buy-sell agreement could produce adverse tax consequences if not structured properly.

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Look at your employees with cybersecurity in mind

April 26, 2017

All it takes is one employee mistake or bad hire to expose your business’s data to hackers.

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Bartering may be cash-free, but it’s not tax-free

April 20, 2017

Bartering businesses can’t cut Uncle Sam out of the deal. Here are the tax consequences.

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Getting your money’s worth out of a company retreat

April 13, 2017

Don’t let your company retreat waste time and money. Plan carefully for optimal results.

Read More...

Listen and trust: The power of collaborative management

April 6, 2017

Not sure about your company’s next big strategic move? Ask your managers!

Read More...

Consider key person insurance as a succession plan safeguard

March 30, 2017

Business owners: Expect the best, but be prepared for the worst with key person insurance.

Read More...

Make sure the IRS won't consider your business to be a "hobby"

March 23, 2017

Beware: You can lose tax benefits if the IRS views your business as a hobby.

Read More...

The Section 1031 exchange: Why it’s such a great tax planning tool

March 16, 2017

Thinking of selling business property? Consider a “like-kind” exchange instead.

Read More...

An EAP can keep your top players on the floor

March 9, 2017

A strong benefits package is essential to every employer. Does yours include an employee assistance program (EAP)? An EAP can enable you to help employees struggling with certain personal issues.

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Don’t make hunches — crunch the numbers

March 2, 2017

One bad investment can crush a business. Consider factoring discounted cash flow metrics into your investment decisions. They can help estimate the financial impact of a strategic move.

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PTO banks: A smart HR solution for many companies

February 23, 2017

Is managing paid time off dragging down your company’s productivity? PTO banks can help.

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SEPs: A powerful retroactive tax planning tool

February 17, 2017

Business owners can reduce their 2016 tax bills by setting up a SEP retirement plan now.

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Envision your advisory board before you form it

February 9, 2017

Need a fresh perspective on strategic planning? Insights from managers and employees are important. But sometimes business owners need external ideas from an advisory board. Let’s talk about yours.

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Is your business committed to its cost-control regimen?

February 2, 2017

At the beginning of the year, many people decide they’re going to get in the best shape of their lives. Similarly, many business owners declare that they intend to cut costs and operate at peak efficiency going forward.

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Why 2016 may be an especially good year to take bonus depreciation

January 26, 2017

Many depreciation-related breaks are available to help businesses offset the costs of investing in the business. If you bought equipment or other assets in 2016, 50% bonus depreciation might save you tax.

Read More...

Identify all of your company's retirement plan fiduciaries

January 19, 2017

Today’s employers must offer competitive benefits. But if you maintain a retirement plan, you’ve got to know who’s considered a plan fiduciary in order to effectively manage risk

Read More...

4 principles of competitive intelligence

January 11, 2017

The more you know, the better your business can perform. A competitive intelligence policy can support the effective, but ethical, gathering of information on your competitors and industry.

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Ensure your retirement benefits provider is truly providing

January 4, 2017

It’s not unusual for a business to re-evaluate its vendors on occasion. So how is your retirement plan provider doing? Here are some good questions to ask and important cost issues to consider.

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3 ways to get started on next year's budget

December 28, 2016

Start making next year’s budget a reality now! Here are three good places to begin.

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Your company’s balance sheet makes great reading this time of year

December 21, 2016

Thrilling tales of assets, liabilities and equity! Time to start reading your balance sheet.

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Keeping your family business in the family

December 14, 2016

Family business owners: Your company is your financial legacy. Here’s how to protect it.

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Can you pay bonuses in 2017 but deduct them this year?

December 7, 2016

An annual bonus plan can be a great way to attract, retain and motivate employees. It can provide tax benefits, too: Your business might be able to take a 2016 deduction for bonuses paid in 2017.

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A quick look at the President-elect's tax plan for businesses

November 30, 2016

What’s the President-elect’s tax plan for businesses? Generally it would reduce tax rates for both corporations and flow-through entities to 15% but eliminate many credits and deductions. Learn more.

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There's still time to set up a retirement plan for 2016

November 16, 2016

Business owners: Don’t have a tax-advantaged retirement plan? Consider setting one up.

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The tax-smart way to replace a business vehicle

November 8, 2016

Have a business vehicle you want to replace? Here’s why you should sell it, not trade it in.

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Depreciation-related breaks offer 2016 tax savings on business real estate

November 1, 2016

Enhanced tax breaks are available for certain business real estate investments. Here’s more.

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What the self-employed need to know about employment taxes

October 25, 2016

Self-employed? You may owe double the employment tax you’d owe as an employee. Here’s how to meet your employment tax obligations and perhaps even save tax.

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Are you timing business income and expenses to your tax advantage?

October 19, 2016

The timing of your business’s income and deductible expenses can have a big impact on your tax liability. Here’s how to determine the right timing strategies for you this year.

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5 ways to speed up collections

October 11, 2016

Slow-paying customers can turn your cash flow to sludge and put your company’s very existence at risk. Always be on the lookout for ways to fine-tune your collection process.

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Business owners, help your estate by gifting company stock

October 4, 2016

As a business owner, you’ve got to think about how to preserve your wealth for heirs. One idea to consider: Give away company stock to keep its future appreciation out of your taxable estate.

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Businesses can also be disrupted by tax identity theft

September 22, 2016

Business tax identity theft can result in big financial losses and reputational damage. Here’s a rundown of the issue and some red flags to look out for.

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Documentation is the key to business expense deductions

September 15, 2016

You need to keep detailed, accurate records to protect your business tax deductions. Here are two court cases where taxpayers learned that lesson the hard way.

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Looking for a retirement plan for your business? Here's one SIMPLE option

September 12, 2016

Looking for a retirement plan for your small business that’s easy to set up and maintain? Consider a SIMPLE IRA. Here are the details.

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Combining business and vacation travel: What can you deduct?

September 1, 2016

There might be ways to combine domestic business trips with vacation days and still be able to write off some of the expenses. Here are the rules.

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