The One, Big, Beautiful Bill Act provides certainty for estate planning
The One, Big, Beautiful Bill Act permanently makes advantageous changes to the federal gift and estate tax exemption amount. Here’s the story. Contact our estate planning consultants for details on two strategies (a spousal lifetime access trust and a special power of appointment trust) that take advantage of the newly permanent exemption amount while you keep control of your assets.
How to keep cost cutting from increasing fraud risk for your nonprofit
If your nonprofit must cut costs, be careful not to slash funding for fraud prevention. Fraud losses can be devastating, and expenditures for cybersecurity and outsourced accounting are recommended. Contact our nonprofit advisors for more.
What the One, Big, Beautiful Bill Act (OBBBA) could mean for individuals and businesses
As 2025 began, taxpayers were facing uncertainty as several key tax provisions were set to expire at year's end. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The OBBBA brings a mix of changes that could impact both individuals and businesses. First, we’ll explore eight key areas that may affect you and your family - then we'll review 10 areas that may impact your business.
A nonworking spouse can still have an IRA: A smart retirement strategy for couples
Retirement planning can be especially critical for couples where one spouse doesn’t work outside the home. In such cases, a spousal IRA can be an effective tool. A spousal IRA allows a contribution for a spouse who doesn’t work outside the home. But an exception exists. Here are the rules for 2025.
The IRS recently announced 2026 amounts for Health Savings Accounts
Health Savings Account (HSA) update for employers: If your business offers HSAs, the IRS recently released the 2026 inflation-adjusted amounts. Here they are, along with the benefits of HSAs. Contact our business advisors with questions about HSAs.
When moving out of state, review your estate plan
When moving to a new state, it’s a good idea to review your estate plan to ensure it complies with your new home state’s laws and accurately reflects your current circumstances. Contact our estate planning consultants with questions.
4 tips to help nonprofits prevent accounting and tax errors
If your nonprofit doesn’t engage accounting and financial professionals, mistakes are likely to happen. These are four common errors that can cause big problems for nonprofits that try to go it alone. Contact our nonprofit consultants for more assistance.
Milestone moments: How age affects certain tax provisions
They say age is just a number. But it’s much more than that in tax law. That’s because different tax rules kick in at specific ages. Take a look at these age-related tax milestones. Contact our tax advisors with questions.
Take advantage of the rehabilitation tax credit when altering or adding to business space
Thinking of investing in, or restoring, a historic building for your business? The federal tax code may reward you with a tax credit. Here’s how it works. Contact our business tax advisors with questions.
4 reasons why avoiding probate is a smart estate planning move
Probate is a legal procedure in which a court establishes the validity of a will, determines the value of an estate, resolves creditors’ claims, provides for the payment of taxes and other debts, and transfers assets to heirs. While it may sound straightforward, probate can come with several drawbacks that make it worthwhile to avoid when possible. Here’s why. Ask our estate planning advisors for further information.