Time to Check Your Beneficiary Designations
For 2022, the federal estate tax exemption is $12.06 million (effectively $24.12 million for a...
401(k) Loans: Yay or Nay?
In today’s tough economy, you may find yourself struggling to cover your day-to-day expenses. But...
The House and Senate Pass the Wide-Ranging Inflation Reduction Act
Congress has passed the Inflation Reduction Act (IRA) and President Biden is expected to sign it...
Watch Out for Scam Charities
Have you been contacted by a charity that pulls on your heartstrings and persuades you to open your...
How Will Inflation Affect Your 2023 Tax Bill?
Inflation has been surging this year. The June 2022 consumer price index (CPI) was up 9.1% year...
Time to Review Related-Party Loans
Interest rates have been at historical lows for several years. This situation may have prompted you...
Avoiding Nonprofit Tax Traps
If your organization has met the IRS qualifications to be considered tax-exempt, the income you...
Mid-Year Tax Planning Ideas for Individuals
The 2022 tax year is well underway, and year end will be here before you know it. Summer is a good...
Self-Employed Business Owners: What’s the Right Retirement Plan for You?
If you own a successful small business with no employees, you might be ready to set up a retirement...
Hiring Family Members Can Pay Off for Everyone
One of the advantages of owning and operating your own business is the ability to hire family...