August 2023

Spear phishing is a targeted form of phishing where cybercriminals focus on specific individuals or organizations to deceive and extract sensitive information or money. Here’s how spear phishing typically works: How to Avoid Spear Phishing: Protecting yourself and your organization from spear phishing requires vigilance and adopting best practices for cybersecurity. Here are some essential […]

The Estate Marital Deduction, also known as the Unlimited Marital Deduction, is a provision in the U.S. federal tax law that allows married individuals to transfer an unlimited amount of assets to their surviving spouse upon their death without incurring any federal estate tax. This deduction is a critical component of estate planning for married

The tax gap refers to the difference between the amount of taxes that taxpayers owe to the government and the amount of taxes that are actually paid on time. It represents the “gap” or shortfall between tax liabilities and tax collections. A growing tax gap means that this difference is increasing over time. Here’s everything

Adopting a child is a significant life event that brings joy, but it also comes with various legal and financial considerations, including tax planning. Here’s everything you should know about tax planning considerations when adopting a child: The Adoption Tax Credit is a valuable tax benefit offered by the U.S. federal government to help offset

Multiple-Employer Plans (MEPs) are retirement plans designed to cover employees of two or more unrelated employers. These plans allow small businesses and organizations to pool their resources and offer retirement benefits to their employees collectively, thereby achieving economies of scale and potentially reducing administrative costs. MEPs can take different forms, but the most common types

Checks written before a person’s death can be included in the decedent’s estate, depending on various factors. Let’s explore what an estate is, how it is handled, and what happens to checks written before death. An estate refers to the total assets and liabilities that a person leaves behind after their death. It includes everything

The SALT Cap refers to the limitation placed on the deduction of state and local taxes (SALT) on federal income tax returns in the United States. Here’s everything you need to know about the SALT Cap: It’s important to note that tax laws and regulations can change over time, so taxpayers should stay informed about

The Clean Vehicle Tax Credit, also known as the Electric Vehicle (EV) Tax Credit, is a federal tax incentive in the United States designed to encourage the adoption of electric vehicles and plug-in hybrid vehicles. It provides financial benefits to citizens who purchase eligible electric or plug-in hybrid vehicles. The impact of the Clean Vehicle

Savings bonds are a type of investment product issued by the U.S. Department of the Treasury to raise funds for government borrowing needs. They are a form of debt security where individuals lend money to the government and, in return, receive periodic interest payments until the bond matures. Here’s how savings bonds work and how