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. Renting...
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...
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. People who choose to make revocable living trusts usually do so in order to...
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. That’s why it’s best to start thinking now about how you can minimize your tax payments. With the end of the year approaching,...
Governor John Kashich’s two-year budget plan, which allows business owners to file taxes with the state of Ohio rather than their city of residence, is being challenged by a group of Ohio municipalities. Over 100 towns and cities are filing suit in an attempt to block...
Let’s say that you have set up a will in order to distribute your assets after you pass away. You decide that part of your estate will go to your spouse. After all, bequeathing assets and property to a spouse is an excellent way to care for them. Still, if your estate...
Owning a business demands a lot of your time. You more than likely put a great deal of your time and effort into making it a success. Part of the time and effort you put into your business involves a plethora of paperwork. Depending on the nature of your business,...
The old saying is true: The only two certain things in life are death and taxes. Even after you are deceased, you technically still owe the previous year’s income tax. There is also one more kind of tax that you must pay after your death: The estate tax. The estate...
Marriage and divorce are two of the bigger things that can happen in a person’s relationship life. They can also be big events when it comes to a person’s taxes. Getting married or divorced can have major impacts on the rules, challenges and opportunities that are...
There are certain areas in the U.S. that are well-known for being tech hubs, such as Silicon Valley. However, a person doesn’t have to set up camp in one of these hubs to start a new tech business. In fact, choosing to locate in a city not widely considered a major...