Are You and Your Spouse Considering Splitting Gifts?
Gift-splitting can be a valuable estate planning tool, allowing spouses to maximize the amount of wealth they can transfer tax-free.
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Leverage Your Gift Tax Annual Exclusion Using a Crummey Trust
A Crummey trust provides a key tax benefit of an outright gift without some of the downsides. Gifts to the trust qualify for the gift tax annual exclusion, but unlike with an outright gift, you still determine, through the trust terms, how the assets will be managed and when they’ll ultimately be distributed to beneficiaries.
Read MoreUniform Guidance Audit Changes
In April 2024, the Office of Management and Budget (OMB) published significant updates to Title 2 of the Code of Federal Regulations (CFR), which included 2 CFR Part 200 (Uniform Guidance). The revisions are the most substantial update to the Uniform Guidance since its development in 2013, and will reduce the administrative burden on many nonprofit and governmental entities.
Read MoreIs Your Business Ready for the Tax Deadline That’s on Groundhog Day This Year?
Businesses: Don’t cast a shadow over tax filing season by missing this important deadline.
Read MoreHow USPS Postmark Updates May Affect Mail Deadlines in 2026
How USPS Postmark Updates May Affect Mail Deadlines in 2026 Posted by Amanda Wojtkowski on January 15, 2026 If you rely on postmarks for tax returns, payments, or other time-sensitive mail, you’ve likely learned that the U.S. Postal Service (USPS) clarified its procedures for dating mail.
Read MoreReducing Manufacturing Waste to Enhance Profitability
Reducing waste in manufacturing improves efficiency, lowers costs, and strengthens profitability. Strategies like preventive maintenance, inventory management, and recycling help eliminate inefficiencies while boosting productivity and product quality.
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