A Crummey trust can preserve the annual gift tax exclusion
Traditionally, taxpayers have looked for ways to make the most of the $14,000 annual gift tax...
“Bunching” medical expenses will be a tax-smart strategy for many in 2017
Various limits apply to most tax deductions, and one type of limit is a “floor,” which means...
Timing strategies could become more powerful in 2017, depending on what happens with tax reform
Projecting your business income and expenses for this year and next can allow you to time when you...
Tax law uncertainty requires an estate plan that can roll with the changes
Events of the last decade have taught us that taxes are anything but certain. Case in point:...
Don’t let a crisis KO your nonprofit’s special event — plan ahead
If yours is like most not-for-profit organizations, you depend on a big annual event to raise...
Accounting Standards Update (ASU) No. 2016-14 Review
The Financial Accounting Standards Board in August of 2016 issued ASU No. 2016-14 that was titled...
Bridging the divide with a mezzanine loan
In their efforts to grow and succeed, many companies eventually reach the edge of a precipice....
Reduce Self-Employment Tax for Spouse-Owned Businesses
If you own a profitable, unincorporated business with your spouse, you probably find the high...
Donating to Disaster Relief Charities
With all of the wildfires, hurricanes and other weather related damage that have occurred recently,...
Why you should boost your 401(k) contribution rate between now and year end
One important step to both reducing taxes and saving for retirement is to contribute to a...