The new year brings with it many tax changes that affect individual filers, businesses and estates. Some of the highlights include: PERSONAL TAXES: The 2016 standard deductions increase – Married…
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On Dec. 18, 2015, the President signed a bill that included several tax provisions affecting individuals, families, and business owners. Some provisions have been extended permanently—meaning that you can confidently…
A person who dies is known as the “decedent.” A decedent who dies without a will is known as dying “intestate.” If a person dies without a will, a court…
From a simple standpoint, many people initially think of an estate plan as having a will. On the more complicated end, some think of an estate plan as an elaborate…
This past summer (July 2015) , a new law was passed that included changes to due dates for certain tax returns. The law also provides several new extension dates. These…
Contributions to a Roth IRA aren’t deductible. The amount that can be contributed to a Roth IRA is subject to the same limitations as apply to regular IRAs. Qualified distributions…
President Obama’s 2016 budget proposal contains a number of tax increases, not the least of which is to make death a taxable event. Obama’s proposal would impose a capital gains…
Starting a new business is exciting, but it requires many important decisions. One of the earliest and most crucial decisions is what type of business entity to form. Your choice…
Business succession – what happens to your business once you no longer choose to or are able to run it – is one of the most important and often overlooked…
