Jun 30, 2022 | Advisory, Agriculture, Beer, Blog, Cider, Closely Held Businesses, Family Administrative Services, Manufacturing, Real Estate and Construction, Startup Business, Tax
The IRS recently announced it will be increasing the standard mileage rate to 62.5 cents a mile for qualified business drivers for the second half of 2022. The adjustment reflects rising costs at the gas pumps this year. Background If you use a vehicle for business...
May 16, 2022 | Advisory, Blog, Estate Planning, Family Administrative Services, Nonprofit, Tax
Nongrantor trusts can help you make charitable gifts that provide greater tax benefits than you would receive for individual donations. Although you do not give to charity simply for the tax deductions, it is wise to make the most of the money you have. Individual and...
Apr 5, 2021 | Blog, Family Administrative Services, Tax
The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to set up ABLE account programs, which function similarly to state-run Section 529 college savings programs. You can establish a tax-favored ABLE account to cover qualified disability expenses of...
