the recent decision in Connelly v. United States should encourage owners of closely held businesses to take pause and evaluate the unexpected federal estate tax consequences which Key Person Insurance could have for the deceased owner’s next-of-kin.
Connelly v. United States: Closely Held Corporations and Unexpected Estate Taxes Read More »
While the Employee Retention Credit (ERC) has been around for a few years, we are just now starting to see IRS audits of these credits begin in earnest. Just because a refund has been paid, it doesn’t mean you’re free and clear.
How to Prepare for an Audit of Your Employee Retention Credit (ERC) Read More »
You’ve made a significant investment by purchasing, constructing, or upgrading property, but you may be overlooking a smart tax strategy. It’s a given that you want to increase your cash flow and reduce your taxes. A cost segregation study can help you do that by depreciating real property over much shorter periods of time than
What is Cost Segregation? Read More »
While year-end tax planning should be done every year, with pending legislative changes on the horizon it is imperative business owners and individuals take time to assess their own personal situation. The following two documents serve as a reminder of the strategies you may wish to consider incorporating into your year-end planning. 2021 Top Ten
Year-End Tax Planning for Family Business Owners Read More »
Top 10 Ideas for Businesses and Business Owners From Conway Service Provider Member KeyBank Year-end tax planning for 2019 takes place against the backdrop of legislative changes that occurred in late 2017 that fundamentally altered the tax rules for individuals and businesses. The Tax Cuts and Jobs Act (TCJA) was the largest tax law change
2019 Year-End Tax Planning Guide Read More »
Some reminders and tips on how to help protect yourself from identity theft this tax season from Conway Center Service Provider Gryphon Financial Partners. Do not respond to emails or phone calls from individuals or companies pretending to be the IRS especially if they exhibit threatening tones. The IRS does not call or email. They
Taxes can shrink your realized returns from your investment portfolio, and yet, most investors don’t have a strategy in place for tax-efficient investing. Comprehensive tax reform passed late last year means many taxpayers are now in a lower tax bracket and will see higher take-home pay. Still, because of the tax law’s cap on state
Want to Keep More of Your Investment Returns? Consider These Moves Read More »
What to Look For in Your 401(k) Service Provider Courtesy of: Michael L. Beers, CIMA(R), CRPS(R) Senior Vice President Family Wealth Advisor Corporate Retirement Director Morgan Stanley Easton Phone Number: 614.269.3401 Web Address: fa.morganstanley.com/fortis 401(k) salary deferral plans are among the most popular retirement plans today. Nearly every financial services company brokerage – firms, banks,
What to Look For in Your 401(k) Service Provider Read More »
Creating a trust is an essential component in your estate planning, but boilerplate trusts can often derail or negate the personal goals of your trust. Boilerplate trusts use form language and lack individual thought. They are not personal to you. They are often obtained from the Internet or from software used by many Ohio lawyers
Bea’s Blog: The Importance of Trusts – Not Boilerplate! Read More »
Protect Your Cash Cow by Choosing the Right Entity Structure for Your Family Business by Bea Wolper, Emens & Wolper Law Firm In a recent session of the Women in Family Business Peer Group at the Conway Center for Family Business, we discussed the importance of choosing the right entity structure to protect your family
Protect Your Cash Cow by Choosing the Right Entity Structure for Your Family Business Read More »
