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June 2023

Traveling for business this summer? Here’s what you can deduct

Business Meals and Entertainment, Business Travel Deductions, Business Travel Expense, Itemized Deduction, Self Employed, Small Business, Small Business Tax Tips, Tax Cuts and Job Acts (TCJA) /

If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order to claim deductions, you must meet certain requirements for out-of-town business travel within the United States. The rules apply if the business conducted reasonably requires an overnight stay. Note: […]

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Benefits of a living trust for your estate

Assets, Estate Planning, Federal Estate Tax, Federal Income Tax, Living Trust /

You may think you don’t need to make any estate planning moves because of the generous federal estate tax exemption of $12.92 million for 2023 (effectively $25.84 million if you’re married). However, if you have significant assets, you should consider establishing a living trust to avoid probate. Probate is a court-supervised legal process intended to

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