Family Limited Partnerships vs. Family LLCs: Choosing the Best Structure
As a CPA and owner of an accounting firm, you’ve spent years building your practice and serving your clients. Now, as you look towards the future, you’re likely considering how to best transfer your firm to the next generation while minimizing tax implications and maintaining control during the transition. Two powerful tools for accomplishing these […]
Digital Estate Planning for CPAs: Securing Your Online Future
As financial professionals, CPAs understand the critical role of estate planning in preserving legacies and efficiently managing asset distribution. Traditional estate plans help honor your wishes, avoid lengthy probate processes, and potentially reduce tax burdens. However, in our increasingly digital world, a new challenge has emerged: the management of digital assets after death. At CPA […]
Is Your Estate Ready for the Post-TCJA Era?
You’ve worked hard to build up your accounting practice. Decades of hard work have translated into a sizeable estate, and now it’s time to start considering your legacy with as little possible going to the IRS. Since it is the season of giving, you may want to consider a gifting strategy to begin the process […]
