Topics: Estate & Gift Planning
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Business Succession Shake Up: Connelly v. United States
Recently the Supreme Court unanimously held that the proceeds from life insurance policies taken out by shareholder’s stock are a corporate asset for federal…
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Gift Tax
The Gift Tax was created to limit the amount you can transfer to someone as a gift, with annual and lifetime exclusions created to…
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Outsourcing a Controller for Your Business
In today’s competitive business environment, companies are seeking ways to streamline operations, enhance efficiency, and optimize financial management. One increasingly popular solution is outsourcing…
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Section 179 Depreciation.
Section 179 depreciation was originally designed to help businesses grow by allowing them to completely write off large purchases of machinery and equipment in…
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How To Review A SOC 2 Report
In a previous article we stressed the importance of proper Vendor Risk Management. But how do you actually review a SOC 2 report, especially…
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Corporate Transparency Act
One of the biggest legislative changes affecting small business in 2024 and future years is the Corporate Transparency Act (CTA). Here is a list…
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Understanding the Lifetime Gift Tax
Gifting allows you to transfer wealth to your loved ones during your lifetime, enabling them to enjoy financial security. By taking advantage of the…
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Protecting Your Holiday Cheer: A Guide to Preventing Common Holiday Fraud Schemes
The holiday season is a time for celebration, joy, and generosity. Unfortunately, it’s also a peak period for fraudsters looking to take advantage of…
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Year End is Quickly Approaching… Are you Prepared?
Fall is here. The trees are changing colors. Now is the perfect time to start working on your year-end tax planning. We have put…
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Navigating the Digital Frontier: The Crucial Role of Vendor Risk Management
In today’s fast-paced and hyperconnected business landscape, organizations rely heavily on outsourcing responsibilities to third-party vendors to streamline operations and meet customer demands. While…