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The JGS Advisor

Administration’s 2017 Tax Reform Outline

An Alert to our Valued Clients

President Trump has unveiled a tax reform outline – the “2017 Tax Reform for Economic Growth and American Jobs.”  The outline calls for dramatic tax cuts and simplification: lower individual tax rates under a

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Posted in Blog, The JGS Advisor

Asset valuations and your estate plan go hand in hand

If your estate plan calls for making non-cash gifts in trust or outright to beneficiaries, you need to know the values of those gifts and disclose them to the IRS on a gift tax return. For substantial gifts of non-cash   Read More

Posted in Blog, The JGS Advisor

Do you know the tax implications of your C corp.’s buy-sell agreement?

Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are   Read More

Posted in Blog, The JGS Advisor

How can you take customer service to the next level?

Just about every business intends to provide world-class customer service. And though many claim their customer service is exceptional, very few can back up that assertion. After all, once a company has established a baseline level of success in interacting   Read More

Posted in Blog, The JGS Advisor

Life insurance and an estate plan may not always mix well

A life insurance policy can be an important part of an estate plan. The tax benefits are twofold: The policy can provide a source of wealth for your family income-tax-free, and it can supply funds to pay estate taxes and   Read More

Posted in Blog, The JGS Advisor

Individual tax calendar: Key deadlines for the remainder of 2017

While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that are important to be aware of. To help you make sure you don’t   Read More

Posted in Blog, The JGS Advisor

Bartering may be cash-free, but it’s not tax-free

Bartering might seem like something that happened only in ancient times, but the practice is still common today. And the general definition remains the same: the exchange of goods and services without the exchange of money. Because no cash changes   Read More

Posted in Blog, The JGS Advisor

What are the most tax-advantaged ways to reimburse employees’ education expenses?

Reimbursing employees for education expenses can both strengthen the capabilities of your staff and help you retain them. In addition, you and your employees may be able to save valuable tax dollars. But you have to follow IRS rules. Here   Read More

Posted in Blog, The JGS Advisor

Acquaint yourself with the Roth IRA as an estate planning tool

A Roth IRA can be a valuable estate planning tool, offering the opportunity for tax-free growth as long as it exists and requiring no distributions during your life, thus allowing you to pass on a greater amount of wealth to   Read More

Posted in Blog, The JGS Advisor

A timely postmark on your tax return may not be enough to avoid late-filing penalties

Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely filed if it’s postmarked by   Read More

Posted in Blog, The JGS Advisor

Be aware of the ins and outs of holding joint title to property

Owning assets jointly with one or more children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it can produce unintended — and costly — consequences.

Advantages

There are two potential advantages to joint ownership: convenience   Read More

Posted in Blog, The JGS Advisor

Matchmaker, matchmaker: Choosing the right lender

It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the working capital you need to grow. But a stable, successful business represents an enormously beneficial   Read More

Posted in Blog, The JGS Advisor

A refresher on tax-related ACA provisions affecting businesses

Now that the bill to repeal and replace the Affordable Care Act (ACA) has been withdrawn and it’s uncertain whether there will be any other health care reform legislation this year, it’s a good time to review some of the   Read More

Posted in Blog, The JGS Advisor

Will your favorite charity accept your donation?

If your estate plan includes charitable donations, be sure to discuss any planned gifts with the intended recipients before you finalize your plan. This is particularly important for donations that place restrictions on the charity’s use of the gift, as   Read More

Posted in Blog, The JGS Advisor

Consider key person insurance as a succession plan safeguard

In business, and in life, among the most important ways to manage risk is through insurance. For certain types of companies — particularly start-ups and small businesses — one major threat is the sudden loss of an owner or hard-to-replace   Read More

Posted in Blog, The JGS Advisor