Tag: tax planning
With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think you don’t have to worry about gift and estate taxes.
However, there are no guarantees that estate tax law won’t be … Read More »
Estate Planning Briefs. Comments Off on Have you considered making direct payments of tuition and medical expenses?
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of … Read More »
Tax Planning. Comments Off on What is your taxpayer filing status?
The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but it was a big one. It more than doubled the combined gift and estate tax exemption, as well as the … Read More »
Estate Planning Briefs. Comments Off on Flex plan: In an unpredictable estate planning environment, flexibility is key
Take a mental snapshot of your sales staff. Do only a few of its members consistently bring in high volumes of good margin sales? An old rule of thumb says that about 20% of salespeople will make 80% of sales; … Read More »
Business Briefs. Comments Off on 3 key traits of every successful salesperson
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg.
If you’re not already … Read More »
Tax Planning. Comments Off on Using your 401(k) plan to save this year and next
Cloud computing — storing data and accessing apps via the Internet — has been widely adopted by businesses across industry and size. Like many technological advances, though, new derivatives continue to emerge — including so-called multi-cloud computing.
Under this approach, companies … Read More »
Business Briefs. Comments Off on Is multi-cloud computing right for your business?
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal … Read More »
Tax Planning. Comments Off on Small businesses: Stay clear of a severe payroll tax penalty
The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates, but it left the 3.8% net investment income tax (NIIT) in place. It’s important to address the NIIT in your estate plan, because it can erode your earnings … Read More »
Estate Planning Briefs. Comments Off on The net investment income tax is alive and well: How it can affect your estate plan
In many industries, market conditions move fast. Businesses that don’t have their ears to the ground can quickly get left behind. That’s just one reason why some of today’s savviest companies are establishing so-called “shadow” (or “mirror”) boards composed of … Read More »
Business Briefs. Comments Off on A shadow board could shed light on your company’s best future
Virtual currency has gone mainstream. AT&T recently announced that its customers can use Bitcoin to pay their phone bills. Other big companies that accept Bitcoin include Microsoft, Expedia and Overstock. Competitors likely will follow suit. However, using virtual currency has tax implications … Read More »
Timely Articles. Comments Off on FAQs About Virtual Currency and Your Taxes