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Investing in the Future with a 529 Education Plan
The cost of college has risen steeply in recent years so families are wise to begin saving early. Here’s how 529 plans can help you save on a tax-advantaged basis.
Trust in a Trust to Keep Assets Secure
Asset protection isn’t about evading legitimate debts, hiding assets or defrauding creditors. Rather, it’s about preserving your wealth for future generations in the face of creditors’ claims or frivolous lawsuits.
If You’re Moving Out of State, Review Your Estate Plan
A common piece of estate planning advice is to review your estate plan in light of a major life change. This can include getting married, having a baby or getting a divorce. Add one more event to that list: moving out of state.
Work Opportunity Tax Credit Provides Help to Employers
Many small businesses are in need of new employees and may get creative in their hiring. The Work Opportunity Tax Credit can help if you hire from certain targeted groups.
Inflation Reduction Act Expands Valuable R&D Payroll Tax credit
The Inflation Reduction Act expands the R&D payroll tax credit for eligible small businesses for tax years beginning after Dec. 31, 2022. Learn more about what’s new and what requirements must be met to qualify.
Year-end Tax Planning Ideas for Individuals
By planning ahead now, you may be able to save on your 2022 and 2023 tax bills. Here are some ideas to consider.
Avoid Scams; Learn How the IRS Contacts Taxpayers
The IRS wants taxpayers to be wary of scams where contact is purportedly from the agency.
Seller-paid Points: Can Homeowners Deduct Them?
In general, points a BUYER pays in a home sale are a tax-deductible interest expense. But what about SELLER-paid points?
Separating Your Business from Its Real Estate
Separating the ownership of a business’s real estate from the business isn’t always advisable. But it might be worthwhile in some situations.
Is Your Income High Enough to Owe Two Extra Taxes?
There are two special taxes that may have a significant effect on the tax bills of high-income folks: the 3.8% net investment income tax and a 0.9% additional Medicare tax on wage and self-employment income. Here are the basic rules.
Year-end Tax Planning Ideas for Your Small Business
Before you know it, the end of 2022 will be near. Here are some year-end moves to consider that may help your small business save on taxes.
Does Your Trust Provide for the Removal of a Trustee?
Removing a trustee can be difficult. Fortunately, there are ways to make it easier without giving too much power to the beneficiaries.

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