Will vs. Trust: Which is Right for You and Your Family?
When you sit down to create your estate plan, there are likely dozens of questions running through your mind. Who should get possession of your home? Who should run the family business? Will you create a college fund for your grandkids? What charity should you donate to? The options can be exhausting.
What Records Do Small Businesses Need to Keep for Taxes?
Tax season is upon us, so now is a great time to make sure that you have retained all the documentation you need to back up the income, deductions, and credits listed on your small business's tax return. Keeping the proper records is not optional—it is required by the Internal Revenue Service...
Qualifying Your Home-based Business for the Home Office Deduction
According to the Small Business Administration, about 50% of all businesses are home-based. If you are one of the many owners of a home-based business, you should consider whether your home office meets the IRS requirements for the home office deduction, which is sometimes overlooked as a way to reduce taxes.
Estate Planning for People Living Together, Bachelors, and Bachelorettes
Americans are foregoing marriage more than ever before. While much of the discussion involving estate planning focuses on married couples, especially those with children, this topic is just as important for a single person or someone in a long-term/committed relationship but for whatever reason decided marriages isn't for them. In fact, it...