Last week the House Ways and Means Committee passed three separate bills that will be the cornerstone of what is being referred to as Tax Reform 2.0, here is what you need to know. Many provisions of the TCJA currently are scheduled to expire after 2025. The bills focus on making permanent certain provisions of...
Legacy planning and estate planning intersect. The success of both depends on your assets and the ability to manage your affairs in the most tax-efficient manner. Under Tax Reform, the federal estate and gift tax exemption has been doubled to an estimated $11.2 million per individual. If married, and you elect portability, the exemption doubles...
The tragic deaths of Anthony Bourdain and Kate Spade shed light on how unconventional some marital and family situations have become in the new millennium. Both had been separated for a lengthy time, but never legally divorced. Gwyneth Paltrow and hubby Chris Martin decided to “consciously uncouple” and co-parent their children before later divorcing. This...
Every business has a unique set of needs and should search for a strategic financial services provider that understands this. No one size “fits all!” Depending on the size of the company or the specific industry in which it operates, there are a variety of issues to consider when choosing a firm to handle the...
The foliage is starting to turn, football is back on TV, and pumpkin spiced donuts and lattes have arrived. Fall is here and taxes are probably the last thing on your mind today – but consider this: assessing your current tax situation and financial issues now can prevent problems in April 2019 by minimizing your...
