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When and Why to Update Your Estate Plan

Congratulations! You have put in the time, made the decisions, and signed the documents. Your estate plan is complete. With the knowledge that your beneficiaries will be cared for and your wishes will be carried out, you can finally sit…

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Revisiting the SECURE Act of 2019

The Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”), significantly changed the rules regarding distributions from traditional Individual Retirement Accounts (“IRAs”) both during an account owner’s life and after his or her death. Some of the…

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Top 5 Business Action Items for 2021

2020 has been a roller coaster ride for many businesses during a truly unprecedented time.  All industries and sectors have been faced with a worldwide pandemic, economic uncertainties, new government regulations and political unpredictability.  But a new year is right…

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Charitable Gifts in a Trust – What You Needs to Know

A trust can be a very beneficial estate planning tool for persons wishing to make charitable contributions. However, there are some important aspects to consider when drafting and administering a charitable gift within a trust. Institution or Specific Purpose No…

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End of the Year Tax Reduction Strategies for Small Business

As 2020 (finally) comes to a close, it’s time to start thinking strategically about minimizing your company’s tax liability.  While COVID-19 has affected some industries more than others, all small business owners will benefit from doing a little research on…

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Estate Planning Organization 101

Estate planning is a vital process to ensure that, upon death or incapacitation, your wishes with respect to your minor children, your property, your businesses, and/or your other assets are carried out for the benefit of you or your beneficiaries…

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Understanding Which Data Privacy Laws Matter

If you are a business that collects and uses personal information that can be identified to a particular person, there are privacy laws you are to answer to. Data privacy laws involve restrictions on access and use of consumer personal…

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PPP Loan Forgiveness

According to the Small Business Administration, approximately 5 million businesses borrowed a total of $525 billion through the Paycheck Protection Program (PPP) between April 3, 2020, when the program launched, and August 8, 2020, when the approval window closed. All…

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