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Estate planning can become more complex when citizenship, domicile, and U.S.-situated assets are involved. For noncitizens, U.S. gift and estate tax exposure may depend on where they are domiciled, what
Are you planning to retire, step back, or move on from your family business in the next five to 10 years?If you already know who may succeed you, now is
A conflict of interest does not automatically indicate wrongdoing. However, when non-profit leaders do not disclose and properly address personal or financial interests, even a well-intentioned decision can create tax,
Executives and key employees often receive stock-based compensation in addition to salaries and bonuses. If restricted stock is part of your compensation, year-end is an important time to review the
If you own a closely held C corporation, you may be looking for ways to withdraw cash from your business before year-end. Paying yourself a dividend can be a straightforward
When litigation involves the value of a business, each party often hires its own valuation expert. Under the right circumstances, however, the parties may benefit from using one jointly retained
Health care costs remain a significant concern for many small and midsize employers that sponsor health insurance plans. According to Aon, U.S. employer health care costs are projected to rise
A financial statement audit can give lenders, investors, and other stakeholders greater confidence in your business’ financial reporting. However, not every private business needs an audit. Before moving forward, it
Laws governing the execution of a valid will vary by state, but they generally require specific formalities. For example, a will typically must be signed by the person making it,
Remote work can broaden your job options and make day-to-day life more flexible. However, working from a different state than your employer, or spending part of the year working from
Business property costs can create valuable tax deduction opportunities, but the classification matters. Ordinary repair and maintenance costs are generally deductible in the year they are paid or incurred, depending
When a business is acquired, its customers don’t automatically transfer their loyalty to the buyer. Customers may have questions about future pricing, service, product quality, and whether the new owner
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