Newsletters

Buy-Sell Agreements

Buy-Sell agreements are important to every business owner and there is a high probability that, if not done right, they will lead to disputes and possible litigation.  Buy-sell agreements are agreements among business owners, or between the owners and the business itself, setting forth the price and terms of the purchase of an owner’s interest when certain trigger events occur. After a trigger event occurs the parties have conflicting interests. So buy-sell agreements should be created before any trigger event occurs. Possible trigger events: Shareholder quits, is fired, retires, or…

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Self-Directed IRAs: Handle With Care

IRAs — both traditional and Roth — are powerful tools for financial, retirement, and estate planning. But what if you’re not satisfied with your IRA’s performance? One way to “turbocharge” its benefits is to use a “self-directed” IRA, which is permitted to hold alternative investments that offer higher potential returns. That’s an attractive feature, but self-directed IRAs also present some dangerous tax traps that can wreak havoc on your plans. What are the advantages? Traditionally, IRAs offer a limited menu of stocks, bonds or mutual funds. Self-directed IRAs — which…

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Time to Revisit the R&D Tax Credit?

The federal research tax credit (R & D credit) has been available for 35 years, but many companies fail to take advantage of its significant cash-flow benefits. Some companies may believe that the credit doesn’t apply to them; that it’s only available to biotech companies or those that conduct laboratory research. In fact, it’s potentially available to any business that invests in developing new products, improving processes or techniques, creating software, and a variety of other innovations. In addition, some companies may have been turned off by the credit’s historically…

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Tax Filing Reminders

November 15th  2018 calendar-year Exempt Organizations (Form 990) on extension is due December 17th  Due date for calendar-year corporations to pay the fourth installment of 2017 estimated income tax December 31st  Deadline to complete 2017 tax-free gifts up to $15,000 per recipient Deadline for paying expenses you want to be able to deduct on your 2017 and cash basis income tax return

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