If you don’t have an employer-sponsored retirement plan, ask us to review options with you. Such plans may help you save on taxes, provide creditor protection, and support your retirement goals. Carefully evaluate your business (entity) structure (i.e., Sole proprietorship, S or C Corp, LLC, etc.) Each structure has different tax consequences and liability protections. …
IRS
Donor Advised Funds
The Donor Advised Fund (DAF) has increased charitable giving over recent years. DAFs are not new; apparently, they have been around since the 1930s, and grew more popular in the 1990s. DAFs allow you to make charitable contributions to a fund you set-up with a public charity, then recommend grants from that fund over time. …
Gifting Limits
What are Gifting Limits? All this month, I’ve been talking about debt. So why is this blog talking about gifting? Well, here’s my thought train: let’s say you have some debt and your parents or your grandma or your favorite aunt gives you some money to pay it off. Just, out of the goodness of …