Time for an estate plan checkup

Jan 14, 2014 | Tax Bites

Now that we’re in the new year, it’s time for an estate plan checkup. Why? First, various exclusion, exemption and deduction amounts are adjusted for inflation and can change from year to year, so it’s a good idea to see if they warrant any updates to your estate plan:

Will Congress revive expired tax breaks?

Jan 6, 2014 | Tax Bites

Many valuable tax breaks expired at the end of 2013. But Congress probably will revive at least some of them, likely retroactively to Jan. 1, 2014. The question is exactly which breaks they’ll extend and when they’ll pass the necessary legislation to do so.

Here are several that may benefit you or your business if extended…

Avoid the year-end vacation-time scramble

Dec 25, 2013 | Tax Bites

Every December are your employees scrambling to use up their vacation time because of limits on what they can roll over to the new year? Or do you allow rollovers and have long-time employees who’ve built up large balances that create a significant liability on your...