When planning your estate, one of the smartest strategies you can adopt is to minimize or avoid probate. Probate is a legal procedure in which a court establishes the validity of your will, determines the value of your estate, resolves … Continue reading →
The post Estate Planning Tips: 4 Reasons Why Avoiding Probate Is a Smart Move appeared first on Ramsay and Associates.
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS has flagged this area as a key focus. To … Continue reading →
The post Reporting Digital Assets: What You Need to Know appeared first on Ramsay and Associates.
It’s not uncommon for an estate plan to contain multiple trusts. They can enable you to hold assets for and transfer them to beneficiaries, avoid probate, and possibly reduce estate tax exposure. When drafting a trust, you must appoint a … Continue reading →
The post Why Choosing the Right Trustee Matters appeared first on Ramsay and Associates.
When planning your estate, one of the smartest strategies you can adopt is to minimize or avoid probate. Probate is a legal procedure in which a court establishes the validity of your will, determines the value of your estate, resolves … Continue reading →
The post Estate Planning Tips: 4 Reasons Why Avoiding Probate Is a Smart Move appeared first on Ramsay and Associates.
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS has flagged this area as a key focus. To … Continue reading →
The post Reporting Digital Assets: What You Need to Know appeared first on Ramsay and Associates.
It’s not uncommon for an estate plan to contain multiple trusts. They can enable you to hold assets for and transfer them to beneficiaries, avoid probate, and possibly reduce estate tax exposure. When drafting a trust, you must appoint a … Continue reading →
The post Why Choosing the Right Trustee Matters appeared first on Ramsay and Associates.
When planning your estate, one of the smartest strategies you can adopt is to minimize or avoid probate. Probate is a legal procedure in which a court establishes the validity of your will, determines the value of your estate, resolves … Continue reading →
The post Estate Planning Tips: 4 Reasons Why Avoiding Probate Is a Smart Move appeared first on Ramsay and Associates.
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS has flagged this area as a key focus. To … Continue reading →
The post Reporting Digital Assets: What You Need to Know appeared first on Ramsay and Associates.
It’s not uncommon for an estate plan to contain multiple trusts. They can enable you to hold assets for and transfer them to beneficiaries, avoid probate, and possibly reduce estate tax exposure. When drafting a trust, you must appoint a … Continue reading →
The post Why Choosing the Right Trustee Matters appeared first on Ramsay and Associates.
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them on the payroll? This move can help you save on … Continue reading →
The post Tax Benefits When You Hire Your Child for a Summer Job appeared first on Ramsay and Associates.
Estate planning isn’t solely about passing assets on to direct descendants; it’s about taking control of your future. Even if you’re single and have no children, having an estate plan helps ensure your final wishes are clearly documented and respected. … Continue reading →
The post If You’re Single with No Kids, Estate Planning is Still Important appeared first on Ramsay and Associates.
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created Section 163(j), which generally limits deductions of business interest, with certain exceptions. … Continue reading →
The post How to Manage the Limit on the Business Interest Expense Deduction appeared first on Ramsay and Associates.
Saving for retirement is a crucial financial goal, and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in … Continue reading →
The post Smart Strategies for a Secure Retirement appeared first on Ramsay and Associates.
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs offer a range of benefits that can help you save … Continue reading →
The post How Tax-Smart HSAs Can Benefit Your Small Business and Employees appeared first on Ramsay and Associates.
Whether you employ a nanny, housekeeper, or gardener, hiring household help can significantly ease the burden of childcare and daily chores. However, as a household employer, it’s critical to understand your tax obligations, commonly called the “nanny tax.” Keep reading … Continue reading →
The post What Household Employers Should Know About the Nanny Tax appeared first on Ramsay and Associates.