Are you optimistic about the future of your small business? The National Federation of Independent Business (NFIB) reported in April 2022, that the number of businesses expecting brighter days ahead has dropped to its lowest level in almost half a century. Inflation is the main driving force.  Thousands of small businesses have closed or reorganized their…

For married people with large estates, the Tax Cuts and Jobs Act (TCJA) brings welcome relief from federal estate and gift taxes, as well as the generation-skipping transfer (GST) tax. Here’s what you need to know and how to take advantage of the favorable changes. Estate and Gift Tax Basics The TCJA sets the unified federal…

Appraisers are sometimes met with surprise when they deliver business valuation reports to clients. An attorney or business owner may have hired the expert to determine the fair market value of a business interest for, say, divorce or gift and estate tax purposes — and the client wonders, “Is this all I would receive if I were…