Archive for November, 2018

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November 29, 2018/Furniture Insights

November 2018 Furniture Insights

Positive results continue for the furniture industry. According to our latest survey of residential furniture manufacturers and distributors, new orders year to date are up 6% with September orders up 9% over September 2017.

November 16, 2018/Financial Planning, Family Wealth, Tax

Alternative Gifts for the Kids and Grandkids

With the holiday season approaching, thoughts turn to presents for the family. Toys? They already have too many. Sweaters? Practical, but maybe a little too practical. Consider a few financial gifts that might fit the bill.

November 15, 2018/Tax

2018 Year-End Tax Planning for Businesses

Businesses of all sizes, across all industries, have been impacted by the monumental changes to the federal tax code. To maximize tax savings and ensure compliance with the new rules, businesses need to engage in year-end planning conversations now. Certain tax savings opportunities may apply regardless of how your business is structured, while others may […]

November 12, 2018/Tax

2018 Year-End Tax Planning for Individuals

What is the impact of tax reform on your individual tax situation? Now, more than ever, we urge you to consider year-end planning to take advantage of opportunities and be ready for how the changes will affect your tax bill going forward. 2018 year-end tax planning begins with a projection of your estimated income, deductions […]

November 10, 2018/Business Planning

Now’s the Time to Review Your Business Expenses

As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility. At the same time, consider whether your business would benefit from accelerating certain expenses into this year. Be sure to evaluate the impact of the Tax Cuts and Jobs Act (TCJA), which reduces or eliminates many […]

Could a Cost Segregation Study Help You Accelerate Depreciation Deductions?

Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting cash flow. And the potential benefits are now even greater due to enhancements to certain depreciation-related breaks under the […]

November 7, 2018/Business Planning, Family Wealth, Tax

Educate Your Children on Wealth Management

If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and other money management skills can help keep your legacy alive. Teaching techniques There’s no one right way to teach your children about money. […]

November 4, 2018/Business Planning, Tax

Buy Business Assets Before Year End to Reduce Your 2018 Tax Liability

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service by the end of the tax year. That means there’s still time to reduce your 2018 tax liability […]

November 3, 2018/Business Planning, Family Wealth, Tax

Take Caution When Including Employees in Your Estate Plan

If you’re the owner of a small business, you may think of your tight-knit group of employees as a family. If you wish to include them as beneficiaries in your estate plan, it’s critical to be aware of possible unintended tax consequences. Unraveling the (tax) code Generally, money or other property received by gift or […]

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