Avoiding Probate: How to do it (and why)

Unraveling Probate: A Must-Know Estate Topic. Escaping probate is smart, and tools exist to help. Probate’s about validating your will, settling debts, and transferring assets. To sidestep (or reduce) probate, tailor your approach to your estate’s size and intricacy. Opt for simple methods like direct beneficiary designations or titled assets for smooth transfer.

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Maximize Tax Benefits with Energy-Efficient Home Improvements

Upgrade your home’s energy efficiency after the recent heat wave! Benefit from a 30% tax credit on energy improvements, thanks to a 2022 law. Cut costs on upgrades like energy-efficient improvements, property expenses, and audits. Get up to $1,200 annual credit. Act now, Jan. 1, 2023 deadline. Learn more and reach out for details.

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Don’t Wait! Singles Without Children Need Estate Plans Too

“Vital Estate Planning for Singles: Why is it crucial? Unlike married couples, the assumptions governing decisions and inheritances aren’t in place for singles. If you’re single, ensure your wishes are known by drafting a will. Without one, assets might follow intestate laws. Let’s discuss more – reach out today.”

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Unlocking Strong Billing Processes for a Robust Cash Flow

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through email, text messages, telephone calls or regular mail. Contact us if you get an email about a tax return we prepared.”

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Transferring Investment Property to a Trust:What You Need to Know

Suppose you own real estate properties for investment purposes. Further, assume that you would like to achieve the following: Achieving Your Goals If you transfer the real estate to a revocable trust and list one of your children or a trusted adviser as the trustee, you achieve two of your goals — avoiding probate and […]

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Enhance Your Benefits: Consider Adding a PTO Buying Feature

Summer’s Here: More PTO Fun Await! Post-pandemic, your team is all about vacations. Discover an exciting perk: Purchase extra Paid Time Off (PTO) via our cafeteria plan. With ‘PTO buying,’ employees can enjoy extended breaks. But, there are rules – no deferring to next year. Let’s discuss for details!”

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Help Decrease the Chance of an IRS Audit

Executive perks that are not properly reported to the IRS can land both you and your company in hot water. In the last couple of years, the IRS has engaged in an audit initiative involving executive compensation and fringe benefits. The focus began with large corporations and has now moved to smaller companies, too. “Executive compensation […]

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The Trust Fund Recovery Penalty: Who can it be personally assessed against?

“The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid to the government. Here are the rules, along with two cases where individuals were held liable for the harsh penalty.”

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Put restrictions on your large charitable gifts for added peace of mind

“If philanthropy is an important part of your legacy, consider taking steps to help ensure that your donations are used to fulfill your intended charitable purposes. Indeed, outright gifts can be risky, especially large donations that will benefit a charity over a long period of time. If you’d like to incorporate charitable giving into your […]

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Help Decrease the Chance of an IRS Audit

“If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially for married couples with both spouses paying them. But there may be an advantage: You may qualify for a tax break for paying […]

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