Funding a Small Business Succession Plan
The June 2013 issue of the CPA Client Bulletin described the two key elements of a succession plan for a privately held company: putting a value on the business and finding the right successor. [...]
The Paradox of Long-Term Care Insurance
Eyeing 21st century America rationally, long-term care (LTC) insurance would seem to be an idea whose time has come. Life expectancy is increasing, so more people will reach a point where they’ll [...]
TAX CALENDAR
JULY 2013 July 15 Employers. For Social Security, Medicare, withheld income tax, and nonpayroll withholding, deposit the tax for payments in June if the monthly rule applies. July 31 Employers. [...]
Trim Steep New Taxes With a Charitable Trust
High-income taxpayers face escalated effective tax rates as a result of new tax laws (see the CPA Client Bulletin for April 2013). Moreover, the higher rates are not limited to athletes, [...]