Planning for Succession of a Business Interest

Business Succession Planning—What Is It? One of the important decisions a business owner must face is when and how to step out of the business--in other words, business succession planning. Do you expect to retire from your business? Do you have a plan in place? What would happen to your business if you were to …

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Retirement Planning Options for Business Owners

In general Perhaps you are self-employed or own a small business. Or, you may be directly involved in running a corporation or a tax-exempt organization. In any of these cases, you generally have the option of establishing a retirement plan in which you and/or your employees may participate. One of the main advantages of a …

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New York ‘Works Around’ Tax Cuts and Jobs Act of 2017

On the surface, high tax states such as New York seem to be hardest hit by a new limitation on the State and Local Tax (SALT) deduction. For previous tax years, taxpayers had the ability to write off all of their SALT payments against their ordinary income. This deduction has now been limited to $10,000 …

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