Tag: tax planning


What to do if your business receives a “no-match” letter

In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The purpose of these letters is to alert employers if there’s a discrepancy between the agency’s files and data reported … Read More »

August 13th

Tax Planning. Comments Off on What to do if your business receives a “no-match” letter


Is it time to hire a CFO or controller?

Many business owners reach a point where managing the financial side of the enterprise becomes overwhelming. Usually, this is a good thing — the company has grown to a point where simple bookkeeping and basic financial reporting just don’t cut … Read More »

August 7th

Business Briefs. Comments Off on Is it time to hire a CFO or controller?


The tax implications of being a winner

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune.

Winning at gambling

Whether you win at the casino, a bingo hall, or … Read More »

August 6th

Tax Planning. Comments Off on The tax implications of being a winner


What’s the difference between the two types of power of attorney?

When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan must also spell out your wishes for making financial and medical decisions if you’re … Read More »

August 1st

Estate Planning Briefs. Comments Off on What’s the difference between the two types of power of attorney?


Taking a long-term approach to certain insurance documentation

After insurance policies expire, many businesses just throw away the paper copies and delete the digital files. But you may need to produce evidence of certain kinds of insurance even after the coverage period has expired. For this reason, it’s … Read More »

July 31st

Business Briefs. Comments Off on Taking a long-term approach to certain insurance documentation


The “kiddie tax” hurts families more than ever

Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And while the tax caused some families pain in the past, … Read More »

July 30th

Tax Planning, Uncategorized. Comments Off on The “kiddie tax” hurts families more than ever


Run your strategic-planning meetings like they really matter

Many businesses struggle to turn abstract strategic-planning ideas into concrete, actionable plans. One reason why is simple: ineffective meetings. The ideas are there, lurking in the minds of management and key employees, but the process for hashing them out just … Read More »

July 24th

Business Briefs. Comments Off on Run your strategic-planning meetings like they really matter


The “nanny tax” must be paid for more than just nannies

You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal … Read More »

July 23rd

Tax Planning. Comments Off on The “nanny tax” must be paid for more than just nannies


A buy-sell agreement can provide the liquidity to cover estate taxes

If you own an interest in a closely held business, it’s critical to have a well-designed, properly funded buy-sell agreement. Without one, an owner’s death can have a negative effect on the surviving owners.

If one of your co-owners dies, for … Read More »

July 19th

Estate Planning Briefs. Comments Off on A buy-sell agreement can provide the liquidity to cover estate taxes


The 1-2-3 of B2B marketing

Does your business market its products or services to other companies? Or might it start doing so in the future? If so, it’s critical to recognize the key differences between marketing to the public — or even certain segments of … Read More »

July 17th

Business Briefs. Comments Off on The 1-2-3 of B2B marketing

HOBERMAN & LESSER, LLP