How the Generation-Skipping Transfer Tax (GSTT) Impacts Wealth Transfer to Future Generations
You know about the estate tax. You’ve definitely heard of the gift tax. But how much do you know about the generation-skipping transfer tax (GSTT)? (more…)
Taking Control of Your Finances: Steps to Get Your Affairs in Order
Managing financial planning decisions, such as retirement savings, budgeting, and estate planning, can be a complex, emotional, and challenging task that many people wish to delay. However, neglecting your financial affairs can negatively impact you and your loved ones should you become ill or pass away. (more…)
You Missed the Corporate Tax Filing Deadline. Now What?
The IRS takes its tax filing deadlines very seriously. If you missed the corporate tax filing deadline, that can lead to hefty penalties. But missing a deadline is not the cause of immediate panic. It happens. Actually, it happens to more than 7 million Americans every year. (more…)
Plan Wisely Knowing these 5 Important Tax Updates for 2023
“Nothing is certain except death and taxes.”
Employee Retention Credit Deadlines: Don’t Miss Out on Financial Relief
The Employee Retention Credit (ERC) program is still offering financial relief to businesses that were impacted by the pandemic. This program provides eligible employers a tax credit for qualifying wages, and health insurance paid to employees in 2020 and 2021. (more…)
How to Minimize the Odds of Your Employee Benefit Plan Being Selected for an Audit
Each year, the Internal Revenue Service and the Department of Labor conduct audits to ensure that employee benefit plans comply with government regulations. While many audits are selected randomly, certain circumstances increase your risk of being audited. (more…)