by Sarah Boehle Pool | Aug 5, 2024 | Latest News
Be aware of the tax consequences of selling business property If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply. To simplify this discussion, let’s assume that...
by Sarah Boehle Pool | Aug 1, 2024 | Latest News
Could a 412(e)(3) retirement plan suit your business? When companies reach the point where they’re ready to sponsor a qualified retirement plan, the first one that may come to mind is the 401(k). But there are other, lesser-used options that could suit the distinctive...
by Sarah Boehle Pool | Jul 31, 2024 | Latest News
Certain charitable donations allow you to avoid taxable IRA withdrawals If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It involves making...
by Sarah Boehle Pool | Jul 29, 2024 | Latest News
Consider borrowing from your corporation but structure the deal carefully If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s important to avoid certain risks and charge an...
by Sarah Boehle Pool | Jul 25, 2024 | Latest News
How family businesses can solve the compensation puzzle Every type of company needs to devise a philosophy, strategy and various policies regarding compensation. Family businesses, however, face additional challenges — largely because they employ both family and...
by Sarah Boehle Pool | Jul 24, 2024 | Latest News
What might be ahead as many tax provisions are scheduled to expire? Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took...
