Inheritance tax? Estate tax? Death tax? Aren’t these all the same thing? The short answer is no. These terms are often used interchangeably, but have very different implications for the recipient of an inherited asset. An inheritance tax requires certain beneficiaries...
Selling your business requires two things: records and answers. Records detail where the business has been, where it’s going, and the present and future financial needs. Answers to vital questions will help you understand the right time to sell your business; and when...
Did you know only 40 percent of Americans have calculated how much they need to save for retirement? Or that the average American spends roughly 20 years in retirement? Most Americans don’t have a savings account, and less than a fourth of the population are actively...
On August 8, 2020, an executive order that broadly allows for the suspension of certain payroll taxes, such as the allowance to employers to stop withholding Social Security tax from employee paychecks through the end of the year, was signed and took effect September...
We live in very uncertain and ever-changing times. With the novel coronavirus pandemic and the federal, state, and local relief efforts, there are so many questions we all have. We want to answer and address some of the questions you might have about your business,...
Recent Comments