Category: Tax

Family Business Legacy Planning
The Family Business: Leaving a Legacy

Examining opportunities for family business owners to leave legacies for their families through estate planning…

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Family Wealth Planning
Family Wealth Planning in a Time of Uncertainty

The current federal estate, gift, and generation-skipping transfer (GST) tax exemption is $11.58 million per…

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Employee Retention Credit
Have You Considered the Employee Retention Credit?

The employee retention credit may offer tax savings for your business during COVID-19, but it…

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Grantor Retained Annuity Trust (GRAT)
Estate Planning Opportunity: Grantor Retained Annuity Trust (GRAT)

A GRAT is an irrevocable gifting trust that can make for a compelling estate planning…

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Returning to Business - Employee Retention Credit
As Governors Lift COVID-19 Restrictions, What Happens to the CARES Act Employee Retention Credit?

During this “in-between” stage, can employers continue to take the employee retention tax credit created…

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State and Local Tax Effects of Telework
Teleworking Employees and the Resulting SALT Effects

Three important state and local tax (SALT) effects that could result from teleworking employees, including…

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CARES Act Deductions for PPP Expenditures
IRS Clarifies Tax Deduction Eligibility for PPP Expenditures

IRS issued guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible…

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2017 Research Tax Credit Payroll Offset Claims: Recent Updates
Claiming R&D Payroll Credits in Conjunction with FFCRA and CARES Act Payroll Tax Relief Incentives

Startups eligible to claim the R&D credit for payroll tax offset can increase the cash…

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Net Operating Losses
FAQ: CARES Act Impacts on Net Operating Losses

Given the significant role NOLs can play in increasing cash flow and helping to mitigate…

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CARES Act and Favorable Adjustments to Depreciation
CARES Act Provides Taxpayers with Flexibility to Make Favorable Adjustments to Depreciation

Tax planning opportunities for a limited time period in certain circumstances, as a result of…

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