When to Start an Estate Plan

It’s never too early to start gathering an estate plan. Even young adults that do not have many assets should begin working with an estate lawyer to begin the process of drafting an estate plan, especially if they have children. Many people think that death is so far off that they don’t plan. However, anything […]

Best Practices When Deducting Donations

When you make charitable donations, be sure they are deductible by following the rules the Internal Revenue Service sets forth. Certain rules apply to donations less than $250, more than $250 but less than $500 and over $500. Regardless of value, every donation must be made to a qualified charity in order for you to […]

8 Ways to Make Your Taxes Easier This Year

The time to start getting ready for filing your taxes is the day you file your current taxes. If you keep receipts and stay organized throughout the year, your taxes – whether you do them or an accountant does them – will be less painful.
1. Create a Filing System
Create a filing system, whether digital or […]

What You Can and Can’t Write Off Of Your Taxes

Each year the tax code changes, so you should retain a professional to help you, especially if you have a business. However, even accountants can make mistakes and you might find yourself in need of a tax attorney. You may also wish to consult a tax attorney on major life changes, such as selling a […]

National Law Day: May 1st

May 1, 2017 is “May Day,” but did you know that there is another reason to recognize the day? The first of May is also “Law Day” in the United States.
What is Law Day?
60 years ago, in 1957, the then-President of the American Bar Association  (ABA) had the idea to honor the legal system […]

National Tax Day: April 15th

You have about a month to get your taxes filed with the Internal Revenue Service. National Tax Day is usually April 15 of every year; however, on some years, you may get a few extra days. 2017 is such a year. This year, April 15 is on a Saturday, and the IRS doesn’t count weekend […]

All About Incorporating Your Business

If you are starting a new business, or if you’ve been in business as a sole proprietor, LLC or partnership, there may be advantages to formally incorporating it. As with any business decision, it’s important to fully understand the process of incorporating a business, as well as the implications of doing so.
Why Consider Incorporating?
First, as […]

What You Need To Know About Wills in Florida

Creating a will or estate plan ranks among the true acts of kindness. You are considering friends and loved ones in a thoughtful way. You’re also taking control of how you’d like assets distributed and removing any potential disagreements between those you leave behind. It’s important to set up a will or estate plan and […]

How Federal Income Tax Brackets Work

Everyone who earns an income in the United States is required to pay federal income taxes. This money is used by the federal government to pay for such necessities as defense, housing, education, science, and interest on the national debt. Each person who pays these taxes is put into tax brackets, something you have probably […]

What is the Annual Exclusion for Gift Taxation?

Throughout the year, you likely give gifts to family and friends for many different reasons. While most of these gifts are simple and require no action on your part as it pertains to the IRS, more expensive gifts may be subject to the federal gift tax. Gifts that are excluded from the federal gift tax […]