5 tax breaks on the table: What business owners should know about the latest proposals
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current rules and proposed changes for five key tax provisions and what they could mean for your business.
The advantages of a living trust for your estate plan
If you own substantial assets, you may want to consider setting up a living trust to bypass the probate process. Discover how a living trust can help you avoid probate, protect your privacy and simplify the transfer of your assets. Contact our estate planning advisors and tax consultants with questions.
Find your nonprofit’s next leader with a team and a plan
If a nonprofit leader leaves unexpectedly and there’s no executive search committee or plan ready, a disorganized and lengthy search is likely. Here’s how to be ready to replace a critical employee. Contact our nonprofit advisors for guidance.
Asset protection: How to shield your wealth from lawsuits and creditors
Without proper asset protection planning, a single lawsuit or debt issue could jeopardize years of financial progress. The last thing you want to happen is to lose a portion of your wealth, thus having less to pass on to your heirs, potentially jeopardizing their livelihoods. Fortunately, there are legally sound strategies to shield your property, investments and other valuable assets from such risks. Contact us to learn more.
Tired of typing? Try recurring transactions in QuickBooks Online
Having trouble remembering your bills? Are you sending the same invoices every month? Set up recurring transactions in QuickBooks Online. We can show you how.
Planning a summer business trip? Turn travel into tax deductions
If you or your employees are heading out of town for business this summer, it’s important to understand the travel deduction tax rules. If a trip includes both business and personal time, only expenses related to the business portion (such as meals and lodging for business days) are deductible. Contact our tax advisors for guidance on what’s deductible in your situation.
Nonprofits: Beware of shady investment advisors
If you have an endowment or stash of operating reserves, a shady investment advisor could pose as a legitimate and experienced expert and trick you into handing it over. Here’s how to avoid this type of scheme, as well as how to maintain your nonprofit’s image as a responsible financial steward. Contact our nonprofit advisors with questions.
When the problem is the manager
In a small business, each employee plays an important role, including the managers. But what happens when a manager, who may also be a high performer or long-time team member, is the source of workplace issues? It's a tough situation, but it’s not uncommon.
Digital assets and taxes: What you need to know
Curious how your crypto, NFTs or stablecoins could impact your taxes? We break down what the IRS expects and how to stay compliant when reporting digital asset transactions. Contact our tax experts for help.
Have you made arrangements for your pets in your estate plan?
Including your pets in your estate plan ensures they’ll continue to receive care if something happens to you. Unless you arrange for their care and support after your death, they’ll go to the residuary beneficiary in your will. Here's how to address your pets in your estate plan.