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Check deductibility before making year-end charitable gifts

By |2018-12-09T15:49:38+00:00December 9th, 2018|Latest News|

As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a year-end tax planning strategy. But with the tax law changes that go into effect in 2018 and the many rules that apply to the charitable deduction, it’s a

Does prepaying property taxes make sense anymore?

By |2018-12-09T15:47:46+00:00December 9th, 2018|Latest News|

Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still make sense in 2018? The answer, for some people, is yes — accelerating this expense will increase their itemized deductions, reducing their tax bills. But

Family businesses need succession plans, too

By |2018-12-09T15:46:00+00:00December 9th, 2018|Latest News|

Those who run family-owned businesses often underestimate the need for a succession plan. After all, they say, we’re a family business — there will always be a family member here to keep the company going and no one will stand in the way. Not necessarily. In one all-too-common scenario, two of the owner’s children inherit

Devote some time to internal leadership development

By |2018-12-09T15:43:03+00:00December 9th, 2018|Latest News|

Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and manage your inventory or supply chain. But there’s at least one other success factor that many business owners often overlook: internal leadership training and development. Even if all your executive and management positions

Catch-up retirement plan contributions can be particularly advantageous post-TCJA

By |2018-11-26T17:34:58+00:00November 26th, 2018|Latest News|

Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) up to the regular annual limit? Then you may want to make “catch-up” contributions by the end of the year. Increasing your retirement plan contributions

Estimates vs. actuals: Was your 2018 budget reasonable?

By |2018-11-26T17:32:02+00:00November 26th, 2018|Latest News|

As the year winds down, business owners can be thankful for the gift of perspective (among other things, we hope). Assuming you created a budget for the calendar year, you should now be able to accurately assess that budget by comparing its estimates to actual results. Your objective is to determine whether your budget was

Mutual funds: Handle with care at year end

By |2018-11-19T17:15:35+00:00November 19th, 2018|Latest News|

As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid potential tax traps. Here are some tips. Avoid surprise capital gains Unlike with stocks, you can’t avoid capital gains on mutual funds simply by holding on to the shares.

3 ways to get more from your marketing dollars

By |2018-11-19T17:09:38+00:00November 19th, 2018|Latest News|

A strong economy leads some company owners to cut back on marketing. Why spend the money if business is so good? Others see it differently — a robust economy means more sales opportunities, so pouring dollars into marketing is the way to go. The right approach for your company depends on many factors, but one

Taking the hybrid approach to cloud computing

By |2018-11-13T13:28:39+00:00November 13th, 2018|Latest News|

For several years now, cloud computing has been touted as the perfect way for companies large and small to meet their software and data storage needs. But, when it comes to choosing and deploying a solution, one size doesn’t fit all. Many businesses have found it difficult to fully commit to the cloud for a

Donate appreciated stock for twice the tax benefits

By |2018-11-06T19:11:02+00:00November 6th, 2018|Latest News|

A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash? 2 benefits from 1 gift Appreciated publicly traded