Business Valuation Insights

Tax Prep, Planning & Strategy

IRA account value down? It might be a good time for a Roth conversion

The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if…

Tax Prep, Planning & Strategy

The rules have changed regarding your IRAs, RMDs and estate plan

Many people’s estates typically include IRAs. Be aware that two major laws passed into law recently, the Setting Every Community Up for Retirement…

Tax Prep, Planning & Strategy

IRS extends some (but not all) employee benefit plan deadlines

The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response…

Tax Prep, Planning & Strategy

Adjust your expectations of business interruption coverage

A natural place to turn when disaster strikes is insurance. The very reason you pay premiums and deal with the paperwork is to have these risk…

Tax Prep, Planning & Strategy

Subchapter V: A silver lining for small businesses mulling bankruptcy

Many small businesses continue to struggle in the wake of the coronavirus (COVID-19) pandemic. Some have already closed their doors and are liquidating…

Tax Prep, Planning & Strategy

Drafting your will using online tools can lead to unwanted outcomes

The novel coronavirus (COVID-19) pandemic has refocused people’s thoughts on the health and safety of their families. In addition to taking…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
5 Dec

"If you’re feeling generous as we head toward the holidays, you may want to give cash gifts to your loved ones. You may also want to steer clear of gift tax implications." https://bit.ly/4ex2oaX

wcscpas Weyrich Cronin Sorra @wcscpas ·
3 Dec

"A limited liability company can provide personal liability protection from creditors while delivering tax benefits. Is it right for you?" https://bit.ly/4fqOQPh