Understand the Tax Rules of Buying or

Selling Your Business

Buying or selling a business is a life moment in your professional career, and it comes with several tax transactions. When considering the purchase or sale of your business it is important to understand how the deal will be structured including the tax aspects of ownership interest or assets.

Read Buying or Selling Your Business

Q3 Tax Calendar: Deadlines for Businesses
and Individuals

Third quarter of 2022 does bring a few tax deadlines for businesses and individuals including August and September.

Read Q3 Tax Calendar

Refusing an Inheritance May Be A Wise Decision

Many would never think of refusing an inheritance, but depending on your circumstances, it may be a wise decision for you to do so. Passing the inheritance on to the next person in-line may save you gift and estate tax. Here we discuss the reasons why you want to use a qualified disclaimer.

Read Refusing an Inheritance

Five Important Tax Decisions to Make When Divorcing

Separation and divorce are emotionally draining, but it is also necessary to consider the financial aspects of divorce especially those related to your personal finances and taxes. Consider these five tax issues that need to be considered.

Read Tax Decisions When Divorcing

Related Article: The Impact of Divorce on Your Estate Plan

Vehicle Mileage Rates for Personal Deductions

With the cost of gasoline being so high, both businesses and individuals are looking to cut costs and save where they can. In this article we explore the ways individuals may be able to deduct vehicle related expenses.

Read Vehicle Mileage

Do you Serve on a Nonprofit Board of Directors?

Pass it on! Exempt Organizations Salary Survey

The Lumsden McCormick Exempt Organizations Salary Survey is back. The 2022 Survey will provide valuable compensation information for nonprofits and other exempt entities to attract and retain talented employees.

Pass on the link to the Salary Survey!