Individuals & Family

“What Do I Do About Highly-Appreciated Assets and Gift Splitting?”

Dear Holly: I bought Apple at $1.50, now it’s trading at $150.50. I also own AT&T that my grandfather gave me in 1975. These holdings and many others reside in…

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Pennsylvania, Please Forgive Me

From now until June 19, 2017, taxpayers have the opportunity to pay delinquent Pennsylvania state taxes owed – without penalty – through the 2017 Pennsylvania Tax Amnesty Program (the Amnesty…

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A Backup Plan for Family Business Owners & Their Successors

Owners preparing for any type of exit find that circumstances can—and often do—change. Intergenerational business transfers are no exception. The twist in family business transfers is that owners should have…

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Donor Advised Funds: Efficient and Effective Planned Charitable Giving

We have just completed the year-end rush of charitable giving and a barrage of requests from multiple organizations. How can we make this process more strategic and tax efficient? One…

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Trump’s Proposed Tax Reforms Could Mean Big Changes For Individuals And Businesses

With the election now behind us, we wanted to share President-elect Trump’s tax reform proposals for both individuals and businesses. Keep in mind that any changes in the current tax…

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What Happened While We Watched the Election Ads?

With the election behind us, perhaps we can start thinking about other things and even focus on some events that we may have missed during the fall campaign.  On October…

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End of an Era? Potential Termination of the NJ-PA Reciprocal Tax Agreement

Governor Christie announced this week that he will NOT rescind the New Jersey – Pennsylvania Reciprocal Tax Agreement, as he threatened to do earlier this fall and I wrote about…

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Retirement Planning for the Self-Employed

Self-employed individuals are notoriously busy, but that does not mean that planning for retirement should be put on the back burner. A recent survey indicated that 70% of America’s 10…

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Gifting Wisely

Most of us are familiar with the concept that we can gift a certain amount of money to another person every year without gift tax consequences and that there is…

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Family Business Planning – Handing The Torch To The Next Generation

Every family business must transition control to the next generation someday. But will the next leader be another family member — or is there a better choice outside the family…

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