Is Your Estate Plan in Order?

With the estate and gift tax exemption at $11.58 million ($23.16 million for a married couple), there are fewer people that are exposed to the federal estate and gift tax.  However, unbeknownst to many, the $11.58 million exemption (indexed for inflation) will be retired in 2025 and go back to

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Final Bonus Depreciation Regulations Issued

The IRS issued final regulation on bonus depreciation under IRC Sec. 168(k) on September 16, 2019. This was a follow up to their previously issued proposed regulation released in August 2018. The final regulation clarified that qualified improvement property placed in service after 2017 is no longer eligible for bonus

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S-corp or C-corp? Which Entity Should you Be?

Both S corporation (S-corp) and C corporation (C-corp) structures share many common benefits; however, there are several notable differences that could have a direct impact on your business.  Some of these differences can be an advantage or disadvantage, at any time, for either structure. Here’s a quick summary of what

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