Planning for what happens after you die might not be the most pleasant of tasks. However, it’s undoubtedly among the most important. Without an estate plan in place, those you…
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Overview New York State enacted changes to its power of attorney law on December 15, 2020. This bill was signed into law by Governor Cuomo, taking effect on June 13,...
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Summer vacation is a busy time for the family — the prospect of sun, sea, and sand is enough to excite anyone. In between booking hotels and packing luggage, it…
Estate planning is the process of determining how your assets will be distributed after you die. It’s not a fun task, but it is essential. Without a will, your estate…
The Committee for a Responsible Federal Budget is an independent, non-profit, and bipartisan organization that scrutinizes federal budgets and fiscal plans. When it examined President Biden’s tax plans, the Committee…
In 2017, estate tax thresholds were at $5.49 million. In 2018, the threshold more than doubled to $11.18 million and now sits at $11.7 million. This increase is currently set…
Everyone has an estate, and all of your property, both physical and intellectual, forms that estate. You don’t have to be rich or have a certain amount of assets to…
There’s nothing typical about tax planning in 2020. COVID-19 and the economic fallout are only the beginning. Even without a pandemic, recent developments such as the Setting Every Community Up…
Many accountants and tax consultants recommend business owners who received Paycheck Protection Program (PPP) relief loans to hold off completing their forgiveness forms. Already, the rules about which loans qualify…
A certified public accountant, commonly referred to as a CPA, is a professional accountant who has passed the CPA exam in one or more U.S. states. CPAs must also meet requirements related…
