May 2018 Tax & Business Alert

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DO YOU HAVE YOUR OWN WEALTH MANAGEMENT PLAN? Everyone should have a wealth management plan. But taking a boilerplate approach could prevent you from achieving your specific goals. This article raises some key points to consider when devising a truly customized plan. CHOOSING BETWEEN A CALENDAR TAX YEAR AND A FISCAL TAX YEAR Many business […]

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April 2018 Tax & Business Alert

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GETTING TO KNOW YOUR CREDIT AND DEBIT CARDS A BIT BETTER Virtually everyone has a credit and debit card these days. But many of us still live in fear of these plastic necessities because we’re not terribly familiar with the fine print of the arrangements under which they operate. Let’s get to know them a […]

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New 1099-MISC Withholding Tax Requirements 1099-MISC_Fact_Sheet

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March 2018 Tax & Business Alert

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DYNASTY TRUSTS ARE MORE VALUABLE THAN EVER The Tax Cuts and Jobs Act (TCJA), signed into law this past December, affects more than just income taxes. It’s brought great changes to estate planning and, in doing so, bolstered the potential value of dynasty trusts. Exemption changes Let’s start with the TCJA. It doesn’t repeal the […]

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February 2018 Tax & Business Alert

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TAKE A LOOK AT THE DOMESTIC PRODUCTION ACTIVITIES DEDUCTION The domestic production activities deduction provides a tax break for certain “domestic production activities.” Unfortunately, many businesses tend to overlook it because they believe the tax break applies only to a few industries. This article points out that the deduction remains available to a wide range […]

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January 2018 Tax & Business Alert

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STILL IMPORTANT: THE TAX IMPACT OF BUSINESS TRAVEL With conference calls and Web meetings increasingly prevalent, business travel isn’t what it used to be. But many companies still send employees out on the road. This article describes important concepts related to travel, such as travel expenses as a fringe benefit, establishing an accountable plan and […]

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December 2017 Tax & Business Alert

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EDUCATE EMPLOYEES ON REQUIRED MINIMUM DISTRIBUTION RULES Businesses with employees headed for retirement can provide a helpful service by educating these workers on rules regarding required minimum distributions (RMDs). If violated, these rules could trigger hefty penalties. This article explains RMD requirements for IRAs and 401(k)s. A sidebar looks at other RMD issues, such as […]

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November 2017 Tax & Business Alert

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HANDLE WITH CARE: MUTUAL FUNDS AND TAXES Many people overlook tax considerations when planning their mutual fund investments. This article offers some tax-savvy tips, including avoiding year-end investments and watching out for reinvested distributions. A sidebar explains why tax-inefficient funds should be directed to nontaxable accounts.   BAD DEBTS AREN’T ALWAYS BAD NEWS No business […]

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October 2017 Tax & Business Alert

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HOW TO STEER CLEAR OF TAX ISSUES RELATED TO SHAREHOLDER LOANS Owners occasionally borrow funds from their businesses. This article explains the importance of treating these transactions as bona fide loans and charging an “adequate” rate of interest. It also provides a list of factors the IRS considers when evaluating corporate advances to shareholders.   […]

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September Newsletter

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September 2017 Tax & Business Alert DO YOU NEED THE PROTECTION OF A D&O INSURANCE POLICY? Anyone who serves as a director or officer of a company, or even sits on the board of a nonprofit, needs to consider that this could make their personal assets vulnerable. This article suggests one way to gain some […]

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