by H2R CPA Team Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill. This relatively new privilege allows the research credit to benefit small businesses that may not generate enough taxable income to … Read more
by Paul K. Rudoy, CPA/PFS One of the provisions of the Trump Tax Proposal (TTP) is the repeal of the Federal Estate Tax. This is an onerous tax that taxes people’s net worth after they pass away. Taxation begins currently at $5.49M, or married couples have the opportunity to increase this limit to $10.98M. Generally, … Read more
by H2R CPA Team For families with disabled loved ones who are potentially eligible for means-tested government benefits such as Medicaid or Supplemental Security Income (SSI), estate planning can be a challenge. On the one hand, you want to provide the most comfortable life possible for your family member. On the other hand, you don’t … Read more
by Paul K. Rudoy, CPA/PFS The Trump Tax Proposal (TTP) from last week could be a big winner for many. There are a few who will be losers from the TTP, but many people are likely to be unaffected by what is proposed. The following are key considerations for various parties affected by this proposal. … Read more