News

Life insurance can be a powerful estate planning tool for nontaxable estates
in News

Life insurance can be a powerful estate planning tool for nontaxable estates

Life insurance can offer significant estate planning benefits even if estate tax isn’t a concern for your family. For example, you can use life insurance to replace wealth that’s lost to long term care (LTC) expenses for you or your spouse. Although LTC insurance is available, it can be expensive, especially if you’re already beyond retirement age. For many people, a better option is to...

Read More

0
01 Feb 2018
Not necessarily a luxury: Outsourcing
in News

Not necessarily a luxury: Outsourcing

In today’s increasingly specialized economy, outsourcing has become common. Engaging outside help could cut in-house management expenses by reducing overhead, staffing and training costs. Outsourcing also frees up employees’ time for core tasks and avails you of the provider’s expertise. But there are risks. Surrendering control of a business function to the wrong vendor could lead to internal conflicts and public embarrassment. You’ll need a...

Read More

0
16 Jan 2018
New tax law gives pass-through businesses a valuable deduction
in News

New tax law gives pass-through businesses a valuable deduction

Owners of “pass-through” businesses may see some major (albeit temporary) relief under the Tax Cuts and Jobs Act (TCJA) in the form of a new deduction for a portion of qualified business income (QBI). For tax years beginning after Dec. 31, 2017, and before Jan. 1, 2026, owners of entities such as sole proprietorships, partnerships, S corporations and LLCs generally can deduct 20% of QBI,...

Read More

0
09 Jan 2018
The TCJA temporarily expands bonus depreciation
in News

The TCJA temporarily expands bonus depreciation

The Tax Cuts and Jobs Act (TCJA) significantly enhances bonus depreciation. You might even be able to benefit when you file your 2017 tax return. Generally, for qualified property placed in service between Sept. 28, 2017, and Dec. 31, 2022, the first-year bonus depreciation percentage increases to 100%. In addition, the 100% deduction is allowed for not just new but also used qualifying property. The...

Read More

0
04 Jan 2018
Find time for strategic planning
in News

Find time for strategic planning

Every business owner must find time for strategic planning. Failing to do so can leave you working blindly, in danger of crisis or even ruin because of unforeseen developments. Some experts say a CEO should spend only 50% of his or her time on daily operations, with the other half going to strategizing. But the ideal amount will vary depending on your company’s size and...

Read More

0
28 Dec 2017
7 steps to choosing a successor for your family business
in News

7 steps to choosing a successor for your family business

Many family businesses don’t survive to a third generation. To give your company a fighting chance, carefully choose a successor. Don’t assume your son or daughter is the only candidate. Work with objective outsiders to identify potential successors. Let these individuals work in various capacities for your company, giving each a fair shot at rising through the ranks. When ready, pick your successor and clearly...

Read More

0
21 Dec 2017
Q1 tax calendar: Key deadlines for businesses and other employers
in News

Q1 tax calendar: Key deadlines for businesses and other employers

Here are a few key tax-related deadlines for businesses during Q1 of 2018. JAN. 31: File 2017 Forms W-2 with the Social Security Administration and provide copies to employees, and provide copies of 2017 Forms 1099-MISC to recipients. FEB. 28: File 2017 Forms 1099-MISC if paper filing. (Forms 1099-MISC reporting nonemployee compensation in Box 7 must be filed by Jan. 31.) MAR. 15: If a...

Read More

0
14 Dec 2017
Page 5 of 8« First...34567...Last »