Planning your funeral and memorial arrangements in advance can ease emotional and financial stress for your loved ones. By documenting your preferences and considering payment options—such as prepaid plans or a payable-on-death account—you ensure your wishes are honored and incorporated into your estate plan.
Read MoreSuccessful fundraising events should balance enjoyment with profitability. Start by setting realistic financial goals, create a detailed budget, and look for cost-saving opportunities without compromising quality.
Read MoreSuccession planning is critical for manufacturing business owners who want to protect their company’s future. By defining goals, choosing the right ownership transfer strategy, and preparing successors through training and mentorship, you can ensure a smooth leadership transition and preserve your legacy.
Read MoreThe One Big Beautiful Bill Act introduces a 100% first-year depreciation deduction for nonresidential real estate classified as Qualified Production Property (QPP), offering significant tax savings for manufacturers. To qualify, properties must meet strict usage and timing requirements, and businesses should be aware of limitations such as nonqualified areas, leased buildings, and potential recapture rules.
Read MoreAs 2025 draws to a close, employers should review whether they have properly included the value of common fringe benefits in their employees’ and (if applicable) 2% S corporation shareholders’ taxable wages.
Read MoreA QTIP trust is an estate planning tool designed to provide financial security for a surviving spouse while preserving assets for designated beneficiaries, such as children from a prior marriage. It offers flexibility and potential estate tax benefits by deferring taxes until the second spouse’s death.
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