by Megan Kosciolek, MST | Nov 3, 2021 | Tax
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking about how many square feet you’ll need in a retirement home, don’t forget...
by Brian Hare, CPA, CGMA | Feb 9, 2018 | Business, Tax
Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA), C corporations aren’t the only type of entity significantly benefiting from the new law. Owners...
by Brian Hare, CPA, CGMA | Feb 9, 2018 | Estate Planning, Tax
The Tax Cuts and Jobs Act has doubled the federal gift and estate tax exemption, with inflation-adjustments projected to raise it to $11.18 million for 2018.This means federal estate taxes are a concern for fewer families, at least in the short term. (The doubled...
by Brian Hare, CPA, CGMA | Dec 4, 2017 | Estate Planning
As Congress and President Trump pursue their stated goal of passing sweeping new tax legislation before the end of the year, many taxpayers are wondering how proposed tax reform will affect estate planning; specifically, the future of gift, estate and...
by Brian Hare, CPA, CGMA | Nov 6, 2017 | Tax, Uncategorized
Events of the last decade have taught us that taxes are anything but certain. Case in point: Congress is mulling abolishing gift and estate taxes as part of tax reform. So how can people who hope to still have long lifespans ahead of them plan their estates when the...
