The following table provides some important federal tax information for 2017, as compared with 2016. Many of the dollar amounts are unchanged or have changed only slightly due to low inflation. Other amounts are changing due to legislation. Social Security/ Medicare 2017 2016 Social Security Tax Wage Base $127,200 $118,500 Medicare Tax Wage Base No…

With the federal estate tax exemption at a generous $5.49 million for 2017 (up from $5.45 in 2016) the topic of estate planning may have fallen completely off your radar. After all, you may think there’s no way your estate would lose money if you happen to die between now and the end of 2017,…

Is business valuation an art or a science? Years ago, this question was put to a panel of business valuation experts at a training session, and predictably there was no consensus. One noted expert said business valuation was more of a science, but he also acknowledged that it had some aspects of art as well. Another panel…