{title} icon

Tax Articles

 

Family Business Owners Need Both an Estate Plan and Succession Plan

Family Business Owners Need Both an Estate Plan and Succession Plan

Posted by Cheryl A. Jankowski on August 28, 2025

Family business owners benefit from having both an estate plan and a succession plan to ensure a smooth transition of assets and leadership. These strategies help preserve wealth, minimize taxes, and reduce potential conflicts among heirs, while supporting the financial needs of both generations.

> Read More
You’ve Been Asked to Be an Executor - Are You Ready?

You’ve Been Asked to Be an Executor - Are You Ready?

Posted by Amanda Wojtkowski on August 21, 2025

Being named an executor of an estate is a significant honor, but it comes with complex legal and financial responsibilities. From securing death certificates and managing probate to settling debts, filing taxes, and distributing assets, the role demands careful organization and clear communication with beneficiaries. Executors must act as fiduciaries, often over the course of a year or more, ensuring every step is handled prudently and transparently.

> Read More
OBBB Effective Dates for Businesses

OBBB Effective Dates for Businesses

Posted by Cory Van Deusen V on August 14, 2025

The OBBB outlines key tax changes for businesses, including enhanced deductions and reporting thresholds starting in 2025. Highlights include 100% bonus depreciation, full expensing of domestic R&E, and increased 1099 thresholds, with some provisions expiring at year-end and others continuing into 2026 and beyond. Additional updates affect small business R&E elections, ERC claims, and the Qualified Opportunity Zone program.

> Read More
The Hidden Risks of POD and TOD Accounts in Estate Planning

The Hidden Risks of POD and TOD Accounts in Estate Planning

Posted by D’Marie Kleeman on August 14, 2025

POD and TOD accounts offer a fast and simple way to transfer assets directly to beneficiaries, bypassing probate. However, they can unintentionally override your will, create unequal distributions, and lack flexibility for more complex estate planning needs.

> Read More
OBBB Effective Dates for Individuals

OBBB Effective Dates for Individuals

Posted by Amanda Ornowski on August 14, 2025

The OBBB introduces various extensions and amendments to the Tax Cuts and Jobs Act (TCJA). Key provisions covering tax rates, expanded deductions and changes to credits will begin rolling out in 2025.

> Read More
Maximizing Value with the Historic Rehabilitation Tax Credit

Maximizing Value with the Historic Rehabilitation Tax Credit

Posted by Kerry Roets on August 13, 2025

The Historic Rehabilitation Tax Credit (HTC) offers financial incentives for preserving historic buildings. It provides insights into the application process and potential challenges, helping to enhance the value of historic properties.

> Read More
Choosing the Right Business Entity

Choosing the Right Business Entity

Posted by Alexander Intihar on August 11, 2025

Choosing the right business entity is essential for tax efficiency and operational success. This guide compares five common structures, sole proprietorship, S corporation, partnership, LLC, and C corporation; highlighting how each is taxed and what compliance requirements they entail. Understanding these differences helps entrepreneurs align their entity choice with financial goals and growth plans.

> Read More
Evaluating the Inclusion of a Living Trust in Your Estate Planning Strategy

Evaluating the Inclusion of a Living Trust in Your Estate Planning Strategy

Posted by Amanda Wojtkowski on August 07, 2025

A living trust, also known as a revocable trust, is a legal tool that allows individuals to manage and distribute their assets during their lifetime and after death, often avoiding probate and ensuring privacy. While it requires more setup than a will, it offers flexibility, control, and continuity, especially in cases of incapacity. Including a living trust in your estate plan can provide long-term peace of mind and smoother asset management.

> Read More
A Game-Changer for Business Payment Reporting: What the OBBB Act Means for You

A Game-Changer for Business Payment Reporting: What the OBBB Act Means for You

Posted by Kevin Smeader on August 04, 2025

The One, Big Beautiful Bill (OBBB) Act significantly updates IRS reporting rules by raising the threshold for issuing Forms 1099-NEC and 1099-MISC from $600 to $2,000 starting in 2026, with future adjustments for inflation. This change will reduce paperwork and compliance burdens for businesses, especially small ones, while still requiring accurate income reporting and recordkeeping.

> Read More
How Income Taxes Can Impact Your Estate Plan — And What You Can Do About It

How Income Taxes Can Impact Your Estate Plan — And What You Can Do About It

Posted by Robert Ingrasci on July 31, 2025

Recent changes to federal estate tax laws, including the permanent increase of the exemption to $15 million under the OBBB Act, mean fewer families will face estate tax liability. As a result, estate planning strategies are shifting toward minimizing income taxes for heirs, especially by considering whether to gift or retain appreciating assets.

> Read More
Page 2 of 20 pages  < 1 2 3 4 >  Last ›
SIGN UP TO RECEIVE OUR LATEST TAX AND ACCOUNTING ARTICLES, NEWSLETTERS, AND EVENTS. SIGN UP

Comprehensive. Proactive. Accessible.
How Can We Help?