Tips to Pay Lower Income Taxes Next Year (No Matter Which Tax Bracket You’re In) Next year’s taxes are probably the last thing you want to think about, especially if you’ve recently filed your return. However, forming a tax strategy can mean less stress during tax season and more money in your pocket. If you’re an employee, business owner, high …
Use the 529 Plan Rollover to Turn a College Fund Into a Retirement Fund Your child’s graduation day is approaching, and there’s still plenty left over in their 529 plan. Should you spend the balance, shift it to another investment, or keep the account open in case they want to go back to school? There could be an even better …
8 Estate Planning Questions for Baby Boomers As they enter retirement age, Baby Boomers have years of wisdom and stability to offer younger generations. However, roughly 1 in 3 Baby Boomers hasn’t completed their estate plan. Failing to plan puts the families and businesses they’ve spent years developing at risk. In this article, we’ll explore eight essential questions that every …
The continuity of a family business, with its rich history and deeply ingrained traditions, is a testament to the dedication and hard work of those who came before. In an ever-changing market where trends come and go, the ability to pass down a successful family business to the next generation is a remarkable achievement. But how can you be sure …
Beginner’s Guide to Filing Business Taxes in Florida Tax compliance can be a hassle, especially when you’re juggling a busy schedule and the demands of running a company in the Sunshine State. Overwhelming as it may be, filing business taxes in Florida correctly is key to setting your small business up for success. But where should you start? Our guide …
The day you set up a limited liability company (LLC) is like your business’s first birthday. It’s big enough to stand on its own, growing bigger by the day, and facing challenges it’s never met before. However, mistakes lurk around each corner of LLC formation in Florida, so we’re here to help you get it right the first time. What Are …
You probably know deeds are legal documents that transfer legal ownership of an asset from one party to another. However, you might not know that there are a myriad of deeds used in each state, each with different powers and limitations. The one you need depends on when and how you want to relinquish control of a property. For example, …
There may come a time when a relative’s behavior warrants their removal from your estate plan. Such a decision normally does not come lightly, and the person seeking to make the change has often agonized over the decision for several weeks (if not months). Completely disinheriting an heir in the immediate family, such as a child or grandchild, should be …
There’s a new standard in place for virtually every company incorporated or registered to do business in the United States. Beginning on January 1, 2024, all legal entities and organizations are bound by the Corporate Transparency Act, which requires them to disclose information about their owners, officers, and controlling persons. Read on for an experienced business attorney’s recommendations on compliance with the new …
Filing your taxes for the first time can be overwhelming. The good news is that a little preparation can reduce a lot of the stress and anxiety new filers experience at tax time. Here, our legal practice breaks down the key steps and offers a peek behind the curtain, exploring best practices for record-keeping and minimizing tax liability. This intro …
