Expanded Form 1099 Reporting Requirements Repealed

On April 14, 2011, the President signed into law H.R. 4, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (“the Act”). The Act repealed the expanded 1099 reporting requirements for businesses and rental property owners previously added to the Internal Revenue Code by the Patient Protection and Affordable Care Act and the Small Business Jobs Act of 2010. Read More >>

When Business Stage Left Is Calling, What’s Your Exit Strategy?

Many small business owners have spent countless hours starting and building their business. Despite the common thread of making a significant commitment and investment to build a successful business, relatively few business owners have given much thought about an exit strategy. What makes matters worse is that many business owners actually devalue their own business while in the process of growing it. Read More >>

Don’t Stop Thinking about Tomorrow: What You Need to Know about the Basic Estate Planning Documents

Everyone, regardless of the size of their estate, should have an estate plan consisting of at least four basic documents. These four documents — a will or trust, a financial power of attorney, a health care power of attorney and a living will — form the minimum foundation of all estate plans. Read More >>