by Arthur Geffen | Mar 3, 2020 | Charitable Gifts
People give to charities for many reasons — to honor a loved one, to help a cause they feel passionately about, or simply to do something good. However, charitable giving also has significant tax implications that can lower income taxes during your life...
by Arthur Geffen | Feb 12, 2020 | Income Tax, Income Tax Credits
What is Section 179, and how does it benefit businesses? Section 179 is a tax incentive that allows small businesses to write off the entire purchase price of qualifying equipment in the year it was purchased. If a business bought a piece of equipment before...
by Arthur Geffen | Feb 12, 2020 | Estate Planning, IRA
If you have a substantial IRA or 401(k), your estate planning may be obsolete due to the new SECURE Act. The Setting Every Community Up for Retirement Enhancement Act (SECURE Act), signed into law on December 20, 2019, drastically changes the rules for...
by Arthur Geffen | Jan 8, 2020 | Business Organizations, Estate Planning, Estate Planning Solutions
Any family business, however successful, will reach a day when ownership must change hands. A plan of succession for ownership of business interests ensures that the business will continue to operate with a minimum of disruption and can also provide tax...
by Arthur Geffen | Dec 30, 2019 | Tax Planning
There is a ritual that often occurs in high net worth households in the final weeks of the year. It can be a check in the mail or tucked inside a Christmas present. At other times, it may be a deposit into a 529 plan or a trust without the beneficiary knowing....
