Last week, the Trump administration passed the first major tax overhaul since the 1980s. No doubt, the tax reform law will have major implications for millions of Americans. One of the most significant aspects of the new law is how it will affect property tax deductions.
Should I rent a commercial space, or buy?
Let's say that you are a business owner and you are ready to expand into a brick-and-mortar location. There are several questions that you will have to consider. One of the most important is whether you would prefer to rent your commercial space or buy it.
How to prepare for the future as a family-based business owner
Do you have a family-owned business? Have you given some thought to what will happen to your business once you retire? Do you have a succession plan in place should you no longer be able to handle the day-to-day affairs of your company due to incapacity or premature death? Is it written down? Did you discuss each of the steps of the plan with your proposed successor(s)?
The top 3 benefits of revocable living trusts
A revocable living trust can be a useful tool in estate planning. Many people make the mistake of assuming that these trusts are only for the very wealthy, but that couldn’t be more false.
End-of-the-year tax tips that you should know
With the cold Ohio winter upon us, spring may be the last thing on your mind. Before you know it, though, spring—and tax season—will be here.
