Business Succession Planning Insights

Tax Prep, Planning & Strategy

4 negative outcomes of jointly owning property with a family member

A common estate planning mistake that people make is to own property jointly with an adult child or other family member. True, adding a loved…

Construction, Real Estate, CIRA

Investing 101: Tips for What to Look for before Buying

In any real estate portfolio, the goal is to be profitable. And while the commercial real estate market has improved significantly since the…

Tax Prep, Planning & Strategy

Employers: Be aware (or beware) of a harsh payroll tax penalty

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS,…

Tax Prep, Planning & Strategy

DOL expands retirement plan options for smaller businesses

The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to…

Tax Prep, Planning & Strategy

Life insurance can be a powerful estate planning tool for nontaxable estates

For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses.…

Tax Prep, Planning & Strategy

Fundamental tax truths for C corporations

The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their…

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Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
9h

"A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you can help save for a golden future and reap tax advantages." https://bit.ly/48Ot5q2

wcscpas Weyrich Cronin Sorra @wcscpas ·
24 Dec

"Changes are coming to the Social Security system in 2025 in the form of a higher wage base. Next year’s threshold amount was recently announced by the Social Security Administration. Here’s the amount, along with what it means for your business." https://bit.ly/40GSO1Q