Gift Tax Treatment of Tuition Plans
Qualified tuition plans (QTPs) provide a means for family members and others to save for the future educational needs of children. Investment earnings within a QTP account are tax deferred and not taxable when withdrawn if used to pay qualified tuition and certain other expenses. Each individual’s contribution to a QTP (also sometimes referred to…
The Basis of Strategy
Developing a business strategy should always have the customer’s interest at the root. This article discusses the question every strategy should answer. Does it improve the way I create value for my customers? To view this article, click HERE to access the original content.
Why Tax Basis Is So Important
For tax purposes, the term “basis” refers to the original monetary value that is used to measure a gain or loss. For instance, if you purchase shares of a stock for $1,000, your basis in that stock is $1,000; if you then sell those shares for $3,000, the gain is calculated based on the difference…
The Importance of a Board in Family Business Succession
While not common, boards can assist in succession planning for family businesses. This article discusses what type of boards have success, and what you should look for in independent directors. To view this article, click HERE to access the original content.
Forget Something on Your 2018 Return?
If you forgot to include necessary information on your 2018 return, you are not alone. In addition, you may have received a revised 1099 or K-1 since filing your return. The IRS has struggled to deal with the enormity of the changes in the recent tax reform; despite significant pressure to update its regulations, forms,…
Improving Customer Experience Without Increasing Costs
Business owners do not have to spend a large amount of money to improve a customer’s experience. This article discusses several key pathways for creating a connected relationship with consumers without increasing costs. To view this article, click HERE to access the original content.
So, You’ve Made a Mistake on Your Tax Return. What Happens Now?
Generally speaking, tax return mistakes are a lot more common than you probably realize. Taxes are naturally complicated, and the paperwork required to file them properly is often convoluted. This is especially true if you’re filing your taxes yourself — and all of this is in reference to a fairly normal year as far as…
Growing Your Brand
To see growth for your business, you must focus on creating a brand that will make a lasting impression with customers. This article discusses a few tips that you can use to strengthen your brand and your business growth. To view this article, click HERE to access the original content.